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Showing 1 - 10 of 182 results for "Jobless Rate"

South Australia recognised as 'economic leader'

ANDREW MCKEAN  |  MONDAY, 22 APR 2024
... the lowest unemployment rate (3.8%) which is 35.8% below its decade average. Western Australia came second with a jobless rate of 3.6%, which is 32.2% below its decade average. When it comes to the total real value of residential, commercial, and engineering ...

Australian CPI accelerates to 7.3%

CASSANDRA BALDINI  |  THURSDAY, 12 JAN 2023
The Consumer Price Index (CPI) rose to 7.3% in the year to November, dragging inflation back up to its 32-year high. In October inflation dipped to 6.9%, showing signs of cooling off, however the elevated rise ahead of market expectation (7.2%) paints ...

Economic recap: Week to October 8

BENJAMIN ONG  |  MONDAY, 11 OCT 2021
... inflation averaged 1.84% in 2019 (the year before the covid-19 pandemic struck) at the same time that the average jobless rate has fallen to 3.7% -- the lowest level since the late 1950s. The same could be observed across many, if not most, global economies. ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... the March 2020's (when the pandemic and lockdowns began) 5.3% and the eight-consecutive month of decline in the jobless rate. Overseas, the biggest market mover was the faster-than-expected jump in US CPI inflation measures. Overall consumer prices ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... (5.1%) - lower than expectations for an unchanged print at 5.5% and the seventh straight month of decline in the jobless rate. Even better, this comes amid the rise in the participation rate from 65.9% in April to 66.2% in May - a whispering distance ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... and 3.2% in December 2020. This stronger economic growth would boost the labour market with the RBA expecting the jobless rate to continue to fall "to be around 5% at the end of this year and around 4.5% at the end of 2022". As for inflation, it's ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... and 2.0 percentage points below the 7.5% high recorded in July 2020 and the sixth straight monthly decline in the jobless rate. Moreover, Australian business conditions jumped to a new all-time high reading of 32 in April, bettering what was then the ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... and 2.0 percentage points below the 7.5% high recorded in July 2020 and the sixth straight monthly decline in the jobless rate. However, the ABS' "Labour Force" report showed that total employment contracted by 30,600 in April from March as the loss ...

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
... its February statement. This stronger economic growth would boost the labour market with the RBA now expecting the jobless rate "to be around 5 per cent at the end of this year and around 41/2 per cent at the end of 2022". It all seems to be cut and ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
... unemployment rate dropped to 5.6% in March after jumping to 7.5% in July last year -- its highest level in 22 years. This jobless rate remains insufficient to drive wages higher. Recall the good governor declaring that wages have to grow sustainably ...
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