Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 1647 results for "Unemployment"

Business confidence, conditions rally: NAB

ANDREW MCKEAN  |  WEDNESDAY, 10 AUG 2022
... maintain a fairly positive stance. Nevertheless, Oster added: "With businesses running at close to full capacity and unemployment at 3.5%, materials and labour are becoming ever-more expensive, driving prices higher. That cycle is likely to continue ...

RBA lifts cash rate to 1.85%

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
... whilst being watchful of the impact that tighter monetary policy is having on economic activity." "Inflation and unemployment data are going to be the two key data points that the RBA monitors over the coming months as it determines the path of interest ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... is slowing down as the Federal Reserve acts to bring down inflation." Biden went on to tout the nation's 3.6% unemployment rate, second quarter job creation and strong levels of consumer spending. Later at a press conference, he cited the data and ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... weakened. However, despite these developments Powell said that the labour market remains extremely tight, with the unemployment rate nearing a 50-year low, job vacancies nearing record highs and wage growth elevating. Over the last three months US employment ...

Victoria has the best economy - but not by much

CHLOE WALKER  |  MONDAY, 25 JUL 2022
... territories results. "Victoria leads the way on two of the eight economic indicators," James said. They are relative unemployment and retail trade. It also ranked second on construction work done and housing finance, and this on dwelling starts. "But ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
... 2-3%." Lowe said the RBA is seeking ways to return to the target range whereby the economy continues to grow, and unemployment stays low. However, he conceded that the path ahead is narrow and clouded with uncertainties. Lowe went on to admit that he ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
The unemployment rate has fallen to 3.5%, the lowest level since 1974, and near-record inflation hasn't subsided, leading experts to believe that aggressive rate hikes will continue. Australian Bureau of Statistics (ABS) data showed the number of ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
... that the Australian central bank is looking for resulting in falling house prices, weaker consumption and rising unemployment." "This should take some heat out of the economy as households and businesses tighten their belts, but the greater question ...

MLC Life enhances income product range

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... employment status. Additionally, customers who hold their policy inside super can access a certificate of disability for unemployment at no extra cost. This means, that if customers are unemployed when making a claim and don't satisfy the relevant ...

Mutual sector overcomes pandemic headwinds

ANDREW MCKEAN  |  MONDAY, 20 JUN 2022
... 2020. The report said: "The pandemic impacted the Australian economy, the financial markets and generated significant unemployment, all resulting in a significant loss of superannuation contributions and investment income." Nevertheless, the long-term ...