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Showing 1 - 10 of 100+ results for "Wage growth"

US inflation drops to 8.5%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... As suggested by the latest employment report, the labour market has remained extremely tight, which has supported wage growth. "While the Fed will draw some comfort from todays' inflation report, the fight against high inflation is far from over and ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... 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 rose by an average of 375,000 jobs per month, down from the averages experienced ...

Is the wage price spiral narrative a lie?

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... according to an Australia Institute analysis. While a plethora of market commentary has expressed concern that aggressive wage growth will elevate inflation levels, the analysis said such fears typically ignore the fact that real wage growth is at historically ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
... share of GDP at an all-time low, working people cannot continue to see real pay cuts after a decade of record low wage growth under the previous government." As previously reported by the Financial Standard, The Fair Work Commission recently announced ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
... that increases to minimum and award wages will add an additional 0.45% to wages growth over the next year and that wage growth is likely to reach around 3.75% by mid-2023.

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... to $1,907 per year from this increase alone, with more to come," Cook said. Equally troubling, Finder showed that wage growth continue to lag inflation. "In the 12 months to March 2022, the consumer price index increased by 5.1%, while the wage price ...

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
... that increases in consumption expenditure had outpaced growth in disposable income and foretold its impact. "Even as wage growth increases, amid still high savings, we think elevated price pressures and lower assistance payments will start affecting ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... short term." However, Moloney did say that taking the super guarantee to 12% would force people to over-save, supress wage growth and would be net negative to the budget. "The system is still plagued by inefficiencies: high fees, sub-scale funds, multiple ...

Crestone warns on economic challenges

CHLOE WALKER  |  MONDAY, 23 MAY 2022
... inflation above target, and rising costs of living will present many challenges," Crestone said. It added that boosting wage growth without adding to inflationary pressures will be a difficult balance. Finally, on climate action: "The rise of the (often ...

Bolster your retention efforts: Robert Half

JAMIE WILLIAMSON  |  TUESDAY, 17 MAY 2022
... are not planning to raise salaries at all. The average pay rise is expected to come in at 11.4%; estimated annual wage growth is 2.3%. About 75% of employers believe turnover will increase this year compared to pre-COVID, while 19% think it will remain ...
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