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Economics

Homeowners wait on Reserve Bank decision this morning

AAP  |  WEDNESDAY, 8 OCT 2003
Homeowners will again hold their collective breath today as they await the outcome of the Reserve Bank's board meeting.

Budget under pressure: Abbott

AAP  |  WEDNESDAY, 8 OCT 2003
The 2003/04 federal Budget was under considerable pressure, Health Minister Tony Abbott said today.

Economists expect sedate employment growth for September

Economists have forecasted that Australia's workforce is likely to grow at a more sedate pace in September after August's massive growth rate which culminated in the unemployment rate being at a 13-year low of 5.8 per cent.

Nearly half of all Australian employees not happy with their jobs

In the 2003 Seek Survey of Employee Satisfaction and Motivation in Australia almost half of employees were not happy with their jobs, with 49 per cent of employees responding that they were unhappy or very unhappy, compared with just 25% of employees ...

RBA expected to hold rates, but hikes will come

Australia's effervescent economy will force interest rates to rise soon but most economists think the Reserve Bank will wait for further evidence of a global upswing before hiking rates.

Australia's merchandise trade grows despite drought, world economic sluggishness

Despite slow world growth and the drought, Australia's merchandise trade rose by seven per cent with the European Union (EU) and by 4% with the Americas in 2002, the Department of Foreign Affairs and Trade disclosed recently.

Interest rate changes unlikely in tomorrow's RBA deliberation

WITH AAP  |  TUESDAY, 7 OCT 2003
The Reserve Bank of Australia (RBA) is unlikely to alter its steady stance on interest rates when it meets tomorrow as it will be weighing up the durability of the US economic recovery, economists have said.

Labor proposes stronger corporate disclosure measures

Senator Stephen Conroy, the deputy opposition leader in the senate and the shadow minister for financial services and corporate governance, has said that the self-regulatory approach of the Government is incapable of tackling unbridled corporate greed ...

Latest employment data released by the ABS

The Australian Bureau of Statistics (ABS) in its latest employment data for Australia have revealed that its trend figures indicate a 0.1 per cent reduction in full-time employment during August 2003to 6,781,200, but a rise of 1.4% for the year.

Stronger job ads suggest growing momentum of the economy

The latest ANZ job advertisements suggest that the Australian economy is regaining momentum, with both newspaper and internet jobs on the rise.