Markets

Australian job ads continued their steady climb in April

Australian job advertisements continued to climb in April, which could bode well for the 2017 employment outlook. ANZ’s monthly data release showed a seasonally-adjusted 1.4% increase in job advertisements, trending up from a modest 0.8% rise in March. That takes the annual growth in job ads to 10.1%, up from […]
Australian job ads continued their steady climb in April
Markets

Australia, you’re unlikely to get a pay rise any time soon

The competing forces in the Australian economy were made starkly apparent with the release of the Reserve Bank of Australia’s (RBA) minutes from its March meeting this week. The bank kept rates on hold at 1.5%, as expected, and also took on a more dovish tone as it monitors the […]
Australia, you’re unlikely to get a pay rise any time soon
Markets

Here’s why Australia’s weak wages growth is such a problem

The December wage price index is out, and wages grew 1.87% in the quarter. Although results were in line with expectations, growth in the wages paid to Australian workers still remains subdued. This isn’t as much of a problem in the short term, but it could become troublesome looking out […]
Here’s why Australia’s weak wages growth is such a problem
Markets

A diabolical problem for the Australian economy, in one neat paragraph

Via Stephen Roberts, chief economist at Melbourne’s Alexander Funds management (emphasis added): … if the current trends in Australia’s labour market – soft employment growth driven by part-time jobs’ growth; falling hours worked; low and still declining wages growth – continue, as seems likely, inevitably the increasing constraint on growth […]
A diabolical problem for the Australian economy, in one neat paragraph