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Showing 51 - 60 of 964 results for "Unemployment rate"

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... chief economist at AMP, said signs that the economy is weakening are everywhere. Retail sales has slowed, the unemployment rate is rising, building construction is collapsing, and this is all occurring at a time that the inflation indicators are pointing ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
Accelerating wages growth and higher than expected inflation would perhaps indicate an increase is justified, however, the economic hardships faced by Australians is intensifying. According to an economic misery index by the University of Melbourne ...

It's painful, but it's working: Lowe

CHLOE WALKER  |  WEDNESDAY, 31 MAY 2023
... mid-2025. "By June next year, we're expecting inflation to be back to roughly 3.5%, and we're expecting the unemployment rate to be just a touch over 4%," he said. This is based on both the impact of the government's budget and the RBA's increase in ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... from these global economic challenges, but it is well placed to navigate them," budget documents said. "The unemployment rate is holding near 50-year lows of 3.5%, wages growth has picked up, and national income is being supported by elevated commodity ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... a higher unemployment, cooling wage and inflation pressures. However, this is unlikely with Australia's unemployment rate in recent months trending down and two inflationary pressures surfacing," McCormack said. McCormack added that the RBA faces ...

Employment figures no cause for rate hike: Experts

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
The unemployment rate remained steady at 3.5%, with a stronger than expected lift in jobs in March, however economists say it won't lead to a rate hike. According to the Australian Bureau of Statistics, unemployment is at the lowest seen since 1974. ...

Long pause likely from RBA: Economist

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
The Reserve Bank of Australia's (RBA) pause on interest rate hikes will likely linger, according to HSBC chief economist Australia and New Zealand Paul Bloxham. In a recent Financial Standard podcast, Bloxham said despite inflation still being high ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... Meanwhile, inflation is projected to decrease from 6.6% in 2022 to 5.3% in 2023 and further to 3.2% in 2024. The unemployment rate in Australia, which was 3.7% in 2022, is expected to increase to 4% in 2023 and further to 4.1% in 2024.

Australian CPI falls to 6.8%, adds to halt hopes

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... its peak. "Our rule of thumb has been that, once the RBA is convinced that inflation has peaked and that the unemployment rate has troughed, it would pause," he said. "We have held our view since January largely based on our view that the domestic economy ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
... two out of four domestic data releases have so far been published. "The NAB Business Survey was robust and the unemployment rate dipped to 3.5% in February from 3.7% in January," he said. The February retail trade and monthly CPI indicator are the final ...