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Showing 81 - 90 of 1721 results for "Unemployment"

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... tight labour market and the Fair Work Commission's decision to uplift the minimum award wage significantly. "The unemployment rate has remained around a 48-year low, pretty much all year, which is an incredible outcome," she noted. "Further, the ...

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... RBA target until 2025 for several reasons, including the economy's resilience to rate hikes, record migration, low unemployment, stimulatory fiscal policy, and government wages policy which is adding to inflation. "The RBA hiked the cash rate in November ...

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... Turning attention to growth, Powell said to date declining inflation has not come at the cost of meaningfully higher unemployment. "A highly welcome development, but a historically unusual one," he commented. He said the restoration of supply chains ...

The Voice is not at the expense of the economy: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 13 OCT 2023
... security, productivity, our skills need, and barriers to work," he said. "We've overseen 15 months where the unemployment rate has a three in front of it, and that's only happened in three other months since these records were first kept 45 years ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... loosening in the labour market," although conditions remain tight by historical standards. The ratio of job vacancies to unemployment has been on a downward trend, reflecting a drop in available positions and an uptick in joblessness. Further, the Committee ...

Some explanations have missed the mark: Lowe

CASSANDRA BALDINI  |  FRIDAY, 8 SEP 2023
... that target." Addressing the labour market, Lowe explained that when he assumed the role of governor in 2016, the unemployment rate stood between 5.5% to 6%, a far cry from the current 3.5%. "The share of Australians with a job has never been higher ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... VanEck head of investments and capital markets Russel Chesler said with services inflation remaining elevated and unemployment remaining low the risk of further RBA increases later in the year is still a looming threat. "We are now nearing the end of ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... may not need to suffer an extended period of below trend growth or even a so-called "per capita recession". "The unemployment rate consistent with inflation returning to target could be much less than the 4.5% rate currently assumed by the RBA," he s ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... 14,600 drop in employment in July, deviating sharply from the anticipated rise of 15,000 by economists. In July, the unemployment rate increased to 3.7%, up from 3.5% the previous month, despite economists' predictions of 3.6%. Concurrently, the participation ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... the previous 'unlikely to return to work' test. Accompanying this change, the permissible timeframe for a member's unemployment before their date of disablement has been extended from 12 months to 24 months. Another new test is the 'unable to do basic ...