Australia’s unemployment rate officially begins with a ‘3’. What now?’
Thursday’s figure for the month of April has broken the 4% barrier, with unemployment in Australia officially sitting at 3.9%.
Are real wages falling or growing? Let’s look at the evidence
To get at the truth about wage movement, we need to appreciate that prices fluctuate more rapidly than wages do and that underlying economic forces drive the longer term growth in real wages.
Peter Strong: Why a minimum wage increase will not solve the inflation problem
Any pay rise will create increased costs for employers, who will pass that onto consumers. This will increase inflation and the cycle will continue.
Election 2022: Albanese promises employment summit to improve wages and productivity
Albanese says a summit is needed to work out how best to improve outcomes for both employers and employees.
By the numbers: How Albanese’s wages plan would affect jobs, inflation and poverty
Anthony Albanese wants a 5.1% lift in the minimum wage — but how would that affect the economy?
Election 2022: Why are wages finally set to grow, and what are the major parties promising?
After nearly a decade of wage stagnation and real wage falls during the pandemic, the government is forecasting a tight employment market that will finally drive wages growth above 3%.
Australia’s record job vacancies are unlikely to lead to higher wages
It is unlikely the COVID-related labour shortages are enough to make a permanent difference to wages.
RBA forecasts show Australia won’t recoup last year’s real wage cuts until later this decade
The RBA thinks we're heading for the same rut of low wages growth as before the pandemic. That leaves workers behind and unlikely to catch up for a long time.
Philip Lowe says RBA “wants to see results” before changing interest rates
Despite the pundits hyping up the possibility of a 'looming rate rise', the RBA insists it wants wages to grow before it moves on interest rates.
Soaring house prices or cutting down unemployment? What the RBA is choosing to value in the upcoming budget
The RBA is not going to let up on pushing unemployment down and wage growth back up to where it believes it should be, not even for growing concern about climbing home prices.
Are consumers broke? Current disposable incomes lower than during GFC
The release of the 17th Household, Income and Labour Dynamics Survey (HILDA) shows people were right to feel they were 'going backwards'.
Morrison pledges red tape overhaul, invites suggestions from business
Red tape cuts and industrial relations reform are on the agenda as business lobbyists stretch out their hands to a newly reelected coalition government.
