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Showing 61 - 70 of 741 results for "labour market"

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... congressional mandate to promote maximum employment and price stability, the current picture is plain to see: The labour market is extremely tight, and inflation is much too high." Aside from continuing the process of significantly reducing the size ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... employment and lower numbers of employed people becoming unemployed. "Together these flows reflect an increasingly tight labour market, with high demand for engaging and retaining workers, as well as ongoing labour shortages," Jarvis said. VanEck head ...

Australian corporate debt dwindles: Janus Henderson

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
Janus Henderson analysis found that Australian corporate debt has fallen 21.5% over 12 months because of booming cash flows from local miners. Sharp rebounds in profits among Australian companies along with debt repayments have pushed Australia's corporate ...

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
... lesser discussed issue of inflation psychology has drawn his attention. "There's been a shift in psychology in the labour market. For the past maybe two decades we haven't really had any indexation because people didn't worry too much about what the ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
... since last year's review decision have been the sharp rise in the cost of living and the strengthening of the labour market. "The Panel concluded that given the current strength of the labour market, the increases it had decided to make will not ...

OECD projects sharp growth deceleration

ANDREW MCKEAN  |  THURSDAY, 9 JUN 2022
... projection grew from 2.7% to 5.3% over this same period. "Wage and price pressures will rise given the already tight labour market and the strains on global supply chains, before moderating in 2023," the report said. This same OECD December report predicted ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... inflation." "But domestic factors are playing a role too, with capacity constraints in some sectors and the tight labour market contributing to the upward pressure on prices. The floods earlier this year have also affected some prices." Inflation is ...

Yellen forebodes stagflation risks

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... harm on Russia and Putin. She claimed the US is best positioned to meet these challenges given the strength of its labour market and economy, but despite her conviction, global inflation levels have become calamitous. Yesterday, UK inflation hit a 40-year ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... bring it back down." "It is essential that we bring inflation down if we are to have a sustained period of strong labour market conditions that benefit all." Powell added the Fed is highly attentive to the risk high inflation poses and was strongly committed ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... Settlement balances from 0% to 0.25%. Lowe said Australia's economic resilience is particularly evident in the labour market, citing the declining unemployment rate and record high labour force participation. "The central forecast is for the unemployment ...