The nation’s economy is an “island of security” says Treasurer Jim Chalmers despite less certainty about interest rate cuts among economists after stronger-than-expected jobs data. Dr Chalmers hailed low unemployment in a speech to investors in Sydney, saying 1.2 million jobs had been created since Labor...
A reawakening of the inflation dragon is not expected to end Australian workers’ record run of real wages growth just yet. Pay packets are expected to have grown in real terms for an eighth consecutive quarter in September, the Australian Bureau of Statistics will likely reveal...
The Reserve Bank will shed further light on its decision to deny homeowners a further rate cut when it releases minutes from its last meeting earlier in November. Australia’s central bank kept interest rates on hold at 3.6 per cent after the meeting in a unanimous...
Company taxes and regulation must be cut to boost productivity, Australia has been told by an expat head of a leading global economic body. Matthias Cormann, the first Australian to lead the Organisation for Economic Co-operation and Development and a former federal finance minister, said the...
Hopes of more interest rate cuts have taken a hit after Australia’s unemployment rate plunged, reinforcing beliefs of a tight jobs market. Bonds traders lowered the odds of another Reserve Bank interest rate cut on Thursday and the ASX fell to its lowest level since August...
Artificial intelligence will result in fewer jobs in the short term, but workers in some occupations may benefit from increased demand for their skills, employers predict. Despite considerable debate about the extent of disruption AI is likely to bring to the workforce, it was still too...