Business & Economy

Economy now has no spare capacity as unemployment rate hits landmark sub-4 percent

Labour shortages push hours worked up; under-employment is down; worker illness shows new ‘COVID-normal’ for businesses

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Wages growth still soft and RBA will take note

Dr Sarah Hunter, KPMG Senior Economist, responds to today’s Wage Price Index figures

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Wages growth on the up but still below inflation

Headline numbers suggest that over the month to 16 April payroll jobs were down by 0.8 percent, but, over the year ended 16 April, payroll jobs were up 2.0 percent.

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Retail spending, housing and trade: Dr Sarah Hunter and Dr Brendan Rynne respond to the latest figures

Volatile times with retail spending up, housing approvals down and a strong trade surplus.

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RBA presses go on the cash rate increase

Dr Brendan Rynne, KPMG Chief Economist, responds to the RBA’s announcement

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Inflation now walking briskly, but not yet running. RBA first move not till June but more likely to be 0.4%

KPMG remains of the view the central bank will hold off raising rates until after the election.

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Women have been the economy’s secret weapon, but more needs to be done to close the gap

Women’s ability to step into the labour market in such large numbers is partly a reflection of the skills and expertise they have to offer, which are currently in high demand.

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Cash rate move possible in July – Dr Brendan Rynne, KPMG Chief Economist, responds to RBA announcement

A rate rise will be ‘in play’ at every RBA meeting from July.

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Remuneration & diversity – incentivising change

Boards are turning their attention to whether executives should be assessed against, and rewarded for, achieving sustainable outcomes in the interests of different stakeholder groups.

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An encouraging Budget for the mid-tier sector

This has been an encouraging Budget for the mid-tier sector.  

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KPMG backs Paid Parental Leave measure in Budget

KPMG welcomes the Budget proposal to enhance the Paid Parental Leave scheme – which picks up some of the recommendations made in a KPMG policy paper issued last year as part of its gender equity series.

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Sarah Hunter, KPMG Senior Economist, responds to Budget speech

Tonight’s Budget confirmed the budget-positive impact of a stronger economic recovery.

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Underlying momentum in the economy remains strong: Australia Economic Outlook: Q1 2022

Despite a difficult start to 2022, with flooding and ongoing Omicron impacts, underlying momentum in the economy remains strong

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