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Showing 41 - 50 of 200 results for "Wage growth"

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN | TUESDAY, 7 JUN 2022

... to $1,907 per year from this increase alone, with more to come," Cook said. Equally troubling, Finder showed that wage growth continue to lag inflation. "In the 12 months to March 2022, the consumer price index increased by 5.1%, while the wage price ...

GDP rises but headwinds abound

ANDREW MCKEAN | THURSDAY, 2 JUN 2022

... that increases in consumption expenditure had outpaced growth in disposable income and foretold its impact. "Even as wage growth increases, amid still high savings, we think elevated price pressures and lower assistance payments will start affecting ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN | THURSDAY, 26 MAY 2022

... short term." However, Moloney did say that taking the super guarantee to 12% would force people to over-save, supress wage growth and would be net negative to the budget. "The system is still plagued by inefficiencies: high fees, sub-scale funds, multiple ...

Crestone warns on economic challenges

CHLOE WALKER | MONDAY, 23 MAY 2022

... inflation above target, and rising costs of living will present many challenges," Crestone said. It added that boosting wage growth without adding to inflationary pressures will be a difficult balance. Finally, on climate action: "The rise of the (often ...

Bolster your retention efforts: Robert Half

JAMIE WILLIAMSON | TUESDAY, 17 MAY 2022

... are not planning to raise salaries at all. The average pay rise is expected to come in at 11.4%; estimated annual wage growth is 2.3%. About 75% of employers believe turnover will increase this year compared to pre-COVID, while 19% think it will remain ...

Low wage growth a deliberate design feature: ACTU

ANDREW MCKEAN | TUESDAY, 3 MAY 2022

An ACTU report has blasted the Coalition government for the consistent entrenchment of low wage growth. The Morrison missing in action on wages report shows that over the entire term of the Morrison government, real wages have fallen by 2.3%. This is ...

US stocks crumble after Jerome Powell's hawkish comments

ANDREW MCKEAN | FRIDAY, 22 APR 2022

... It was only earlier this week that the Reserve Bank of Australia minutes strongly insinuated that inflationary and wage growth developments had brought forward the likely timing of Australia's first interest rate increase. Nevertheless, Powell went on ...

RBA eyes an early rate hike

ANDREW MCKEAN | WEDNESDAY, 20 APR 2022

Reserve Bank of Australia (RBA) minutes for April have strongly suggested that inflationary and wage growth developments have brought forward the likely timing of the first interest rate increase. Interest rates in Australia haven't been raised since ...

Real unemployment far higher than ABS claims: Roy Morgan

ANDREW MCKEAN | TUESDAY, 19 APR 2022

... isolation this trend of higher part-time employment and a high under-employment rate, is set to continue - which means wage growth will remain below expectations." Scathingly it continued: "Unfortunately media commentators fail to understand that by ...

Labor promises cheap childcare, climate action

ELIZABETH MCARTHUR | FRIDAY, 1 APR 2022

... much of his Budget reply speech on the cost of living. However, unlike the Treasurer, Albanese acknowledged stagnant wage growth as a factor and also acknowledged the impact of climate change and its connection to the natural disasters that have impacted ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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