Business & Economy

Contraction in payroll jobs suggests cooling off in labour market

Payroll jobs contracted over the first half of July to be down 0.8 percent for the month ended 16 July 2022.

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Household spending rising and defying cost of living pressures

The ABS’ new household spending figures reinforce the retail turnover data released last week, with spending up 10.2 percent on a year earlier in June

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No pre-set path, but direction is still up: Dr Brendan Rynne responds to the RBA’s rate rise

In raising the cash rate by another 0.5 percent today, Dr Lowe is reiterating the RBA’s goal in chasing down inflation

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Momentum falling: Dr Sarah Hunter, KPMG Senior Economist responds to today’s ABS retail figures

There was a sharp slowdown in momentum in retail spending in June, with turnover rising by just 0.2 percent m/m (after a 0.7 percent increase in May).

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Inflation rising and spreading, but peak starts to come into view

While this is the highest level of inflation experienced in Australia for decades the June quarter CPI actually came in slightly lower than market expectations.

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88,400 new jobs added to the economy over the past month

Data released from the ABS today shows Australia’s unemployment rate has dropped to a staggeringly low 3.5 percent in June

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Double jump in RBA’s standard movement on rates

The RBA has increased the cash rate by another 50 basis points today to bring it up to 1.35 percent

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Rising inflation and potential slowdown bring uncertainty for business

Global supply shocks and strong domestic demand are creating significant cost pressures that are increasingly being passed to consumers.

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Skills mismatch a block on growth: Dr Brendan Rynne, responds to ABS quarterly jobs vacancies data

Our analysis shows Australia’s domestic labour market efficiency is falling.

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With the world in flux now is a good time to put geopolitics at the centre of your business strategy

This year, ASIC called out geopolitical risks as a key area of uncertainty that directors and management should assess in the future performance of a company,

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Workforce participation rate is highest since 1978

Dr Brendan Rynne, KPMG Chief Economist, responds to the ABS labour force data

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The RBA goes big on the cash rate to send a clear signal on inflation

Dr Brendan Rynne, KPMG Chief Economist, responds to today’s 0.5 percent interest rate rise

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Trade surplus expands as foreign tourists start to come back

Dr Brendan Rynne, KPMG Chief Economist, comments on ABS data on international trade

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