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Showing 1 - 10 of 187 results for "participation rate"

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... increased to 3.7%, up from 3.5% the previous month, despite economists' predictions of 3.6%. Concurrently, the participation rate saw a slight decrease, moving from 66.8% to 66.7%. The ABS cited seasonal factors, such as school holidays and an unusual ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... figures show that Australia's labour market remained strong in June, adding more than 33,000 jobs. While the participation rate edged down month on month by 0.1% to 66.8%, unemployment rate nevertheless remained at 3.5%. "Australia's labour market ...

Gender balance is smart economics: CEW

MICHELLE BALTAZAR  |  TUESDAY, 7 MAR 2023
... workforce participation by women from the current 73% to 85% (on par with Sweden, the highest labour force participation rate in the world) could boost GDP by as much as $186 billion per year, based on PwC estimates. "Businesses achieve better results ...

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
At the Commonwealth Bank Global Markets conference, Reserve Bank of Australia (RBA) assistant governor Christopher Kent said inflation is too high in most economies, reflecting disruptions to supply coupled with strong demand. In his presentation, Kent ...

Super baby bonus could end inequality

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
... school would help boost workforce participation for women with young children, HESTA said. Women's workforce participation rate when the youngest child is 0-5 years is almost 28.2% below that of fathers, and 12.2% lower where the youngest child is 6-14 ...

CBA posts strong result, dividend

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 FEB 2022
Commonwealth Bank reported first half results for 2022 with profit and dividend up significantly on the first half of 2021. The big bank reported statutory NPAT of $4.7 billion, up 26% on 1H21. Cash NPAT was up 23%, also at $4.7 billion. CBA paid a ...

Super tax concessions to outstrip Age Pension by 2040: Report

KANIKA SOOD  |  MONDAY, 28 JUN 2021
... million in 2060-61. By 2060-61, it expects life expectancy to be 89.3 years and men's to be 86.8 years. Total participation rate will be 81.5% in the 15-64 age group.

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... 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 from the historic high of 66.3% recorded in March this year - itself ...

Rest offers extra parental leave

KARREN VERGARA  |  TUESDAY, 11 MAY 2021
Rest has increased its parental leave for employees who work full time or part time. Eligible employees can now claim 16 weeks of paid parental leave instead of the 14 weeks previously available can be taken flexibly during a 12-month period. Rest chief ...

KPMG recommends super changes

KANIKA SOOD  |  WEDNESDAY, 5 MAY 2021
KPMG says SG contributions should be included in the Commonwealth Paid Parental Scheme, among three recommendations to level the gender gap in the workforce. Its recently published paper Towards a more equal sharing of work says since the 1970s, the ...
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