Today
- Updated
- Interest rates
Markets bet on August rate rise as economy adds 50,000 jobs
The market is pricing in a one-in-five possibility that the RBA will increase the cash rate when it meets next month, after June’s strong jobs numbers.
- Updated
- Michael Read
This Month
US inflation falls in June, bolstering rate cut bets
Consumers prices eased by 0.1 per cent last month, helping the annual rate fall to 3 per cent, a boost for beleaguered President Joe Biden.
- Updated
- Matthew Cranston
Two-thirds of Australia’s ‘Xennials’ earn more than their parents
Australians have an easier time moving up the income ladder than workers in Scandinavia, the US, France and the UK, new research shows.
- Tom McIlroy
More RBA rate rises ‘unwarranted’ as non-migrant jobs growth tumbles
Yarra Capital chief economist Tim Toohey has cut his economic growth forecast from 2.25 per cent to 1.75 per cent in 2024-25, well below the RBA’s 2.1 per cent.
- Ronald Mizen
US payroll growth slows, jobless rate edges higher
Average employment growth over the past three months slowed to the least since 2021, bolstering the case for a pivot to interest rate cuts.
- Updated
- Matthew Boesler
June
- Exclusive
- Productivity
Why KPMG sees silver lining to 5pc jobless rate
The big four firm says there is no “productivity crisis” and recent lacklustre results can be explained by the workforce shake-up caused by the pandemic.
- Ronald Mizen
US jobless claims linger near 10-month high
Applications for unemployment benefits have remained subdued over the past year, as the labour market showed resilience.
- Bloomberg News
Skilled refugees could unlock $9b in extra GDP
Maths graduate Wissam Chabo applied for 100 jobs before getting work in a local cafe. Research shows skilled migrants are badly underutilised, even during Australia’s skills shortage.
- Euan Black
Investors dial up bets on September Fed rate cut after weak jobs data
Traders ascribe a 78 per cent chance the US Federal Reserve will cut interest rates in September, opening the door for the RBA to follow.
- Cecile Lefort
US jobless claims jump to the highest level in 10 months
The number of unemployment claims rose 13,000, higher than economists expected.
- Matt Ott
US adds far more jobs than expected in sign of economic health
US employers added a vigorous 272,000 jobs in May, as the economy showed resilience that will prove a boost to President Joe Biden.
- Updated
- Christopher Rugaber
Westpac’s chief economist Luci Ellis’ sliding doors moment
It is rare people can point to a single, pivotal, life-changing moment but two events, 30 years apart, have shaped her career.
- Ronald Mizen
May
- Opinion
- Chanticleer
Why bad news has the ASX bulls running
Bad news from the job market turned a good day on the ASX into a great one. Investors are ploughing into market darlings in the firm belief that rate cuts are coming.
- Updated
- James Thomson
Jobless jump could unwind next month, economists say
Economists predict some of the lift in unemployment in April may unwind in May, amid broader signs the jobs market remains strong and is absorbing a surge in migrants.
- Updated
- Michael Read
Jobless rate up; No ‘quick’ house price fix: RBA; Buffett boosts bulls
Read everything that’s happened in the news so far today.
Treasury expects unemployment to climb to 4.5pc by this time next year
Sluggish hiring could lead cautious households already grappling with higher interest rates to save rather than spend the windfall from tax cuts.
- Michael Read
- Opinion
- Chanticleer
Investors shouldn’t believe Chalmers on inflation just yet
For inflation to get back to target by Christmas, more pockets of pain will have to emerge. But the corporate sector is holding up well.
- Updated
- James Thomson
US job growth slows in April; unemployment rate rises to 3.9pc
The closely watched US non-farm payroll report showed employers scaled back hiring.
- Lucia Mutikani
April
Nickel miner axes 530 jobs as pressure builds for budget bailout
Resources Minister Madeleine King says government alone cannot solve nickel industry woes as job losses near 2000 since December.
- Brad Thompson
US data shows economy in unexpected slowdown
Growth in the world’s biggest economy was slower than expected, while an acceleration in inflation reinforced expectations rates won’t be cut before September.
- Lucia Mutikani
