The big employment sectors, retail and construction, are falling into contractionary territory.
"Both job loss concerns and rising risk aversion raise the risk of a further move by households to rein in spending and increase savings, all of which would be consistent with our expectation of a significant 'wealth effect' drag on demand," Mr Hassan observed. The five straight days of falls were superseded by four-out-of-five positive sessions on Wall Street last week.
However, the slide did come after both the global Brent crude benchmark and US oil hit 2019 highs earlier in the week.
Australia needs a pragmatist like Trump to increase job numbers and push the unemployment rate below 5%. Regardless of how Trump is viewed, he is proactive in job creation for the country he loves.
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.
RBA research shows rate cuts inflated the property marketRBA economists find interest rate cuts drove up house prices Well gee ya dont say Obvious Am surprised the RBA did not factor negative gearing benefits along with the low cost of mortgages, and the extent to which a rise in investment properties places upward pressure on property prices.
Source: theage - 🏆 8. / 77 Read more »
RBA research shows rate cuts inflated the property marketThe Reserve Bank research also cautions that long-term falls could, in the worst case, escalate into an American-sized drop in Australia's property market. Hordes of Chinese investors just waiting for a rate cut Why wouldn't it? I would have thought that the purpose of reducing interesting rates to increase economic activity. . Duh!
Source: smh - 🏆 6. / 80 Read more »
Climate change costs will have knock-on effect on interest rates, RBA warnsThe Reserve Bank warns it will have to take the impact of climate change into account when setting interest rates. Meh. Cease & Desist Geoengineering Now .... We the People DO NOT CONSENT ! This is what is commonly referred to as, 'jumping the shark'. blamingunicorns fantasyland alternatereality
Source: abcnews - 🏆 5. / 83 Read more »
RBA to take climate change into account when setting interest ratesThe Reserve Bank has warned the challenges of climate change threaten Australia's financial stability. Instead of blaming unicorns for your shortcomings, why not just fess up and admit, the years of unregulated, reckless abandon by the banks, and their buddies in government have led to the biggest debt bubble in history. The Earth's climate doesn't gamble on Wall Street.
Source: SBSNews - 🏆 3. / 89 Read more »
'So many jobs': The tertiary course with a 100 per cent employment success rateTAFE institutions under pressure to supply more IT graduates in booming industry. This is not surprising just amazing that it’s taken so long for the country to wake up. Even prisoners in the US are onto it. Highly competitive industry, not surprising there always looking for new workers, you're nothing but a resource at most places and they work you until you simply burn out. You're constantly under stress and also say goodbye to your work life balance. Career of last resort. The only sector of the industry that they can’t offshore to India.
Source: abcnews - 🏆 5. / 83 Read more »
'They're not doing their jobs properly': students to walk out of schools for climate strikeThousands of students across the country will skip school on Friday to demand more action on climate change, despite warnings they face disciplinary measures. pallavisinghal_ It's their future they are protesting about, not some political bull shit. pallavisinghal_ The reality is they are not shutting down essential services or industries. At the highest they are disrupting their own lives. Storm in a tea cup pallavisinghal_ Get back in your box and come back when you are grown up.
Source: smh - 🏆 6. / 80 Read more »
Up to one third of Murray Darling Basin Authority jobs to move to regional communitiesAbout 100 MDBA jobs will be relocated outside Canberra, Agriculture Minister David Little Proud has confirmed, saying 'those that manage the river should live on the river'. Moving in with irrigators probably Murderers !! How about you Minister are you leaving Canberra to move to rural communities?
Source: abcnews - 🏆 5. / 83 Read more »
Volkswagen to cut up to 7,000 jobs by 2023 as it moves to electric vehiclesGerman automaker Volkswagen say it will eliminate up to 7,000 jobs by 2023 as it seeks to accelerate its transition to electric vehicles
Source: SBSNews - 🏆 3. / 89 Read more »
Calls for rate cuts are getting louder, but would they be enough to boost a slowing economy?With forecasts for economic growth being rapidly revised down, the RBA is under increasing pressure to cut interest rates, but is it the best way to turn things around anymore? The economy is already tanking. abc pumping property and banking... more debt will fix it, its working out real good so far Intriguing how a non elected representative is responsible for fiscal policy & they have no accountability to the people. Curious who/what drives their agenda it surely is the people & their fair outcomes auspol reservebank analysis abcnews
Source: abcnews - 🏆 5. / 83 Read more »
Want to work at Sydney Zoo? More than 150 jobs availableSydney’s newest zoo is on the hunt for more than 150 staff ahead of its opening later this year. JustJenKing Jen, now is your chance! 🐘
Source: newscomauHQ - 🏆 9. / 77 Read more »