Watch the latest news on Channel 7 or stream for free onInflation surged 1.9 per cent over the three months, the latest national figures released this week revealed.
Wages have been lifting solidly but falling well short of fast-rising inflation, amounting to record declines in real wages. In the September quarter, the wage price index lifted 3.1 per cent annually and one per cent quarterly.“Applications per job ad picked up in November through to December by 10.4 per cent according to SEEK, which indicates Australians are looking at making a career move in 2023,” she said./The higher-than-expected inflation figures also likely locked in a ninth interest rate rise, which will flow through to mortgage holders in higher repayments.
RateCity analysis showed another 25 basis point cash rate rise will add another $76 to monthly repayments on a $500,000 loan, amounting to $908 more compared to May last year before rates started lifting.
No! If everyone gets a pay rise, inflation continues to rise because it costs more to produce, move, or build anything! Australia, you are now poorer thanks to the covid restrictions you supported! Learn to live with that fact!
Yep and I need it last year
I'm 85% of my normal pay which is already $11000.00 behind with what others are paid for my job and now add another $7000.00 I may as well give up.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Insta-famous Aussie fitness duo eyes UK expansionThe fitness firm co-founded by millennial influencers Laura Henshaw and Stephanie Miller (Keep It Cleaner) is meeting with investors ahead of a UK expansion this year.
Source: FinancialReview - 🏆 2. / 90 Read more »
Aussie start-up bids for failed UK battery maker - and its $6.7b planGeelong-based Recharge Industries wants to take over collapsed UK company Britishvolt – and if it succeeds, it could be the biggest battery play in Britain.
Source: FinancialReview - 🏆 2. / 90 Read more »
Iconic Aussie brand cuts Michael Clarke looseA major Australian brand says it has no future plans to work with Clarke after a disturbing video emerged this week of the cricketer and his girlfriend Jade Yarbrough arguing at a Noosa park. not a word about robodebt He has bad luck with stay single. The victim of domestic violence gets punished?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Classic trans-Tasman battle sees Aussie Diamonds clinch seventh Quad Series victoryAnother Quad Series title and another success story for the Australian Diamonds, who have beaten their old rivals the Silver Ferns in a classic encounter. Where's the Robodebt RC reporting? So sad almost nobody knew this was even going on because Aust Netball sold themselves to Foxtel. After 10 years of family involvement… Netball is dead to us. Netball netballaustralia NetballQuadSeries supernetball diamondsnetball How long until trans Tasman battle means something completely different?
Source: abcnews - 🏆 5. / 83 Read more »
Macquarie puts US software group FiscalNote back on Aussie radarsThere’s curious invite floating around fund managers’ inboxes, with stockbroker Macquarie reviving interest in the now US-listed software group FiscalNote.
Source: FinancialReview - 🏆 2. / 90 Read more »
How I came to terms with being a Singaporean AussieThis young author wrote a book to help teenagers navigate the problems of being pulled apart by two cultures.
Source: FinancialReview - 🏆 2. / 90 Read more »