Spike in jobless rate unlikely to end loan hiking cycle
A rise in unemployment and a surge in hiring point to conflicting impulses in Australia's labour market, but conditions remain relatively tight.
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A rise in unemployment and a surge in hiring point to conflicting impulses in Australia's labour market, but conditions remain relatively tight.
After three years of declining profits, Australian corporations returned to growth this reporting season, led by banks including CBA and NAB.
Economic data released this week will leave the Reserve Bank a little less concerned about underlying momentum in consumer demand, an economist says.
Aussie workers risk losing tens of thousands of dollars in retirement savings after research revealed people's stark lack of engagement in their superannuation.
Australia's latest jobless figures are likely to follow a trend for the year's start after economists were wrong-footed by a surprise fall in unemployment.
Rising inflation has pushed real wages below the level of rising costs, which could have a big impact on the Reserve Bank's next decision on interest rates.
December wage data is set to remain stable, even though large sections of the workforce pocketed a rise in their weekly pay.
The International Monetary Fund report is calling for a hike in the GST and other tax changes, while praising the handling of Australia's economy.
Mortgage-holders will be given an insight into the likelihood of further rate hikes when minutes from the Reserve Bank's latest meeting are revealed.
Angus Taylor has put housing front and centre of his priorities as the newest leader of the federal Liberal Party.