Markets

US economy beats estimates, adds 225,000 jobs in January as wages grow

The US labour market entered 2020 on a stronger-than-expected note, adding jobs for a record 112th month. The Bureau of Labour Statistics said Friday 225,000 nonfarm payrolls were created in January, compared with economist forecasts for 165 ,000. Average hourly earnings picked up to 3.1% from a year earlier, compared […]
US economy beats estimates, adds 225,000 jobs in January as wages grow
News

These are the 5 highest paying jobs in Australia right now

Salaries in Australia have grown steadily in the last 12 months, seeing a 3.5% uptick in advertised figures nationally, according to online jobs site Seek. Western Australia was the biggest winner over the period, as a shortage of qualified candidates see mining companies compete for talent, while South Australian salaries […]
These are the 5 highest paying jobs in Australia right now
Strategy

Your salary may peak sooner than you think if you’re a woman in the US

Women’s wages tend to peak at age 41, according to PayScale data. Men’s wages typically don’t stop growing until a decade later. According to PayScale, the median salary for a 41-year-old woman is $US53,300; the median salary for a 50-year-old man is $US80,300. (PayScale surveyed college-educated full-time workers.) When we […]
Your salary may peak sooner than you think if you’re a woman in the US
Markets

US jobs report misses estimates as unemployment holds at 49-year low

Employers hired fewer people than forecast in November, according to the monthly jobs report from the Bureau of Labour Statistics. Wage growth increased in line with expectations, holding at its fastest year-on-year rate since the financial crisis. The jobs report provides a high-level diagnosis of the US economy, and November’s […]
US jobs report misses estimates as unemployment holds at 49-year low
Markets

US jobs report beats big as wages grow at their fastest pace since 2009

US employers added more nonfarm payrolls than expected in October and the unemployment rate held at its lowest level since 1969, according to the jobs report released Friday. Average hourly earnings posted their biggest year-over-year increase since 2009, partly because wage growth was very weak in October 2017. The jobs […]
US jobs report beats big as wages grow at their fastest pace since 2009
Markets

US unemployment rate falls to lowest level since 1969

The US unemployment rate in September fell to 3.7%, its lowest level since December 1969. Employers added fewer nonfarm positions than expected as Hurricane Florence caused job losses in restaurants and bars. Wages increased in line with forecasts. The US unemployment rate fell to a 48-year low in September even […]
US unemployment rate falls to lowest level since 1969
Markets

UK workers are finally getting a pay rise

UK wage growth picked up to almost 3% in the three months to July. “Earnings have grown faster than prices for several months, especially looking at pay excluding bonuses,” David Freeman, the ONS’ head of labour market statistics said in a statement. The increase is in part down to more […]
UK workers are finally getting a pay rise
Markets

Something isn’t adding up in the Australian economy

ANZ’s consumer confidence index bounced back last week, but the “time to buy a household item” subindex fell again. It now sits below its long-run average, and other key data backs up the argument that Australians are showing a clear aversion to big-ticket purchases. Along with low wage growth and […]
Something isn’t adding up in the Australian economy
Markets

Here’s what economists are saying about Australia’s jobs report

Economists believe Australia’s labour market remains in a solid position, even though jobs unexpectedly fell in July. While the unemployment rate edged lower, the consensus remains that faster wage growth is still a long way down the track. Economists also provided context around sample rotation, state-by-state results and the outlook […]
Here’s what economists are saying about Australia’s jobs report
Markets

Here’s what economists are saying about Australia’s wage report

Australian hourly wage rates excluding bonuses increased by 0.62% in the June quarter, leaving the annual increase at 2.14%, up from 2.07% in Q1 2018. Most economists expect wage growth to remain weak, with many unconvinced that rising employment levels will translate to higher wage growth. Australia’s latest wage growth […]
Here’s what economists are saying about Australia’s wage report
Markets

Australian wages growth is exactly as low as markets expected

Wage growth in Australia rose by 0.6% for the June quarter in seasonally adjusted terms, leaving annual growth at 2.1%. Both results were in line with forecasts. The Q2 data was the strongest quarterly result since March 2014, although wage growth remains stuck well below the long-term average. Q3 wage […]
Australian wages growth is exactly as low as markets expected
Markets

Your 10-second guide to today’s Australian wage report

Australia’s Wage Price Index (WPI) for the June quarter will be released this morning (11:30am AEST). After a long period of below-average wage growth, the WPI has become one of the most important releases on the economic calendar. As Australian consumers navigate their way through a combination of high household […]
Your 10-second guide to today’s Australian wage report
Markets

CBA’s chief economist just renewed his call for a discussion on wages policy

Last night’s budget forecast was underpinned by optimistic assumptions about wage growth Domestic wage growth remains historically low, and CBA chief economist Michael Blythe says there should be more discussion about wages policy. Blythe said policy makers should consider tax-cuts for companies that commit to lift wages and capital investment. […]
CBA’s chief economist just renewed his call for a discussion on wages policy
Markets

One way to lift wages growth: take Australia’s small businesses to the world

Prioritising exports by small and medium businesses would boost wages, according to our work for an ongoing parliamentary inquiry. Smaller Australian businesses have disproportionately low levels of exports. This is despite being more profitable and productive than larger enterprises in most of the sectors we analysed. Smaller Australian businesses also […]
One way to lift wages growth: take Australia’s small businesses to the world
News

UK unemployment falls once again — and Brits are finally getting a pay rise

UK unemployment rate falls from 4.3% to 4.2%. Earnings grew by 2.8%, outstripping inflation for the first time in over a year. “The labour market continues to be strong,” senior ONS statistician Matt Hughes said. LONDON – Unemployment in the UK fell unexpectedly between December and February, according to new […]
UK unemployment falls once again  —  and Brits are finally getting a pay rise