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Showing 1 - 10 of 1676 results for "Unemployment"

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... to pass. We also have seen an uptick in non-performing loans, with the potential for further rises, especially if unemployment increases. "In light of these considerations, APRA maintains its current macroprudential policy settings. We will continue ...

Wages grow 3.5% for the year

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... that there may be more spare capacity in the labour market than the jobs-related data suggests. "The current 4.1% unemployment rate is at low levels and the number of job vacancies remains elevated. Surveyed measures have also seen a recent uptick in ...

Interest rates to remain on hold for some time

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
... the easing cycle. "We note that the RBA will be more willing to leave policy on hold for an extended period if the unemployment rate does not lift much further from here." Aird said CBA is predicting 100bp of easing over 2025, finishing the year with ...

Inflation falls within RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... at 3.5%. "The Australian economy continues to demonstrate resilience, characterised by a robust labour market, low unemployment, and persistent wage inflation. Additionally, retail sales growth has accelerated, and the full impact of the government's ...

CBA's conviction on December rate cut has 'dipped'

ELIZA BAVIN  |  FRIDAY, 18 OCT 2024
Commonwealth Bank (CBA) head of Australian economics Gareth Aird conceded the stronger than expected unemployment data released yesterday does not strengthen the case for the Reserve Bank of Australia (RBA) to start cutting interest rates. Additionally ...

Hopes of RBA cut 'in tatters' after jobs data

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
The unemployment rate held steady at 4.1% in September, in line with the revised figure for August, according to seasonally adjusted data released by the Australian Bureau of Statistics (ABS). "With employment rising by around 64,000 people and the ...

Labor delivers another budget surplus, but productivity stalls

ELIZA BAVIN  |  TUESDAY, 1 OCT 2024
... macroeconomic environment is different from five years ago, with higher levels of labour force participation and a lower unemployment rate. "While there was a brief interruption during COVID, Australia's productivity deadlock has persisted through two ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... Bhimavarapu said. "The focus from here will remain on the labour market, so unless there is an upside surprise in the unemployment rate on October 17, there is little chance for an RBA pivot. "However, the RBA risks prolonged subpar growth by lagging ...

Australians living through protracted period of economic misery: CEDA

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... Committee for Economic Development of Australia (CEDA). CEDA's analysis of the "misery index" - which combines inflation, unemployment, and interest rates to gauge economic despair - shows that Australia's economic misery remains elevated post-COVID-19 ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... in property prices looks low. However, consumer spending is still likely to remain constrained, especially as the unemployment rate rises."
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