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Showing 51 - 60 of 1721 results for "Unemployment"

Hopes of RBA cut 'in tatters' after jobs data

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
The unemployment rate held steady at 4.1% in September, in line with the revised figure for August, according to seasonally adjusted data released by the Australian Bureau of Statistics (ABS). "With employment rising by around 64,000 people and the ...

Labor delivers another budget surplus, but productivity stalls

ELIZA BAVIN  |  TUESDAY, 1 OCT 2024
... macroeconomic environment is different from five years ago, with higher levels of labour force participation and a lower unemployment rate. "While there was a brief interruption during COVID, Australia's productivity deadlock has persisted through two ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... Bhimavarapu said. "The focus from here will remain on the labour market, so unless there is an upside surprise in the unemployment rate on October 17, there is little chance for an RBA pivot. "However, the RBA risks prolonged subpar growth by lagging ...

Australians living through protracted period of economic misery: CEDA

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... Committee for Economic Development of Australia (CEDA). CEDA's analysis of the "misery index" - which combines inflation, unemployment, and interest rates to gauge economic despair - shows that Australia's economic misery remains elevated post-COVID-19 ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... in property prices looks low. However, consumer spending is still likely to remain constrained, especially as the unemployment rate rises."

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
... but experts say the Reserve Bank of Australia (RBA) is still not in a position to do the same. Yesterday's official unemployment numbers revealed employment rose by 47,500 jobs in August, significantly higher than the 26,000 the market had anticipated. ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
... economic activity indicators," she said. "The biggest indicator suggesting the need for a rate cut is the rise in the unemployment rate, which is usually a main driver of Federal Reserve decisions, along with inflation. Inflation has been easing for ...

ECB cuts rates for second time

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
... continue contributing to the recovery as global demand rises." The Eurozone's labour market remains resilient, with the unemployment rate broadly unchanged in July at 6.4%. Amundi Investment Institute head of developed markets strategy research Guy Stear ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... by the end of the year," he said. "The risk to our call is that even if our near-term forecasts for inflation and unemployment come to fruition, the board does not feel comfortable commencing an easing cycle until it has seen more economic data." AMP ...

Fed's Powell says 'time has come' to cut rates

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
... if the August jobs report (to be released on September 6) shows a rise in monthly job gains to above 150k and the unemployment rate retreats slightly from 4.3%, the Fed will only cut rates by 25bps. On the other hand, if the August jobs report confirms ...