Labour shortages push hours worked up; under-employment is down; worker illness shows new ‘COVID-normal’ for businesses
Dr Sarah Hunter, KPMG Senior Economist, responds to today’s Wage Price Index figures
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.
Volatile times with retail spending up, housing approvals down and a strong trade surplus.
Dr Brendan Rynne, KPMG Chief Economist, responds to the RBA’s announcement
KPMG remains of the view the central bank will hold off raising rates until after the election.
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.
A rate rise will be ‘in play’ at every RBA meeting from July.
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.
This has been an encouraging Budget for the mid-tier sector.
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.
Tonight’s Budget confirmed the budget-positive impact of a stronger economic recovery.
Despite a difficult start to 2022, with flooding and ongoing Omicron impacts, underlying momentum in the economy remains strong
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