Smack in the middle of the campaign, the March quarter inflation figures were delivered to a stunned audience.
In last month's federal Budget, the Government estimated inflation this financial year would come in at a paltry 1.5 per cent."Jobs and growth" was the Coalition's catchcry for much of the past six years.
Source: Financial Digest (financialdigest.net)
Good. Lets see how good they are at managing the economy. They might want to get their own finances in order first, after all they are technically a bankrupt party... oh and stop blaming Labor.
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Is the RBA's model broken or merely bent as wages wither and jobs grow?Falling unemployment should boost wages and inflation, but it is not anywhere in the world. ...the RBA is not the economy, never was; the commercial banks matter more than they do and international issues affect us more potently than domestic ones; Oz is simply a dig it up ship it out, domestic consumption and services employment economy - it's dumb and dead-ended Alternative headline. Wages growth above inflation. Your welcome.
Source: abcnews - 🏆 5. / 83 Read more »
Health jobs 'impossible to fill' as hospitals deal with higher demand, union claimsAs Tasmania deals with increasing demands on the health system, unions say it is impossible to get positions filled — but the Government denies there is a recruitment freeze. billshortenmp will just offer to pay them more. Throwing cash from the “top end of town” to the poor while he sits on the deck of his yacht is his “go to” solution.
Source: abcnews - 🏆 5. / 83 Read more »
Fact Check: Are a million Australians doing two jobs and a million underemployed?Bill Shorten says a million Australians are doing two jobs and a million are underemployed. Is he correct? RMIT ABC Fact Check investigates. Irrespective of one`s politics, the current style of campaigning is guaranteed to turn even the most ardent supporter off! The juvenile antics of the two principals are indicative as to why one should consider voting for a complete set of new faces in parliament. That may be because of Part-time and Casual job placement. Where has Full-time employment gone? We have to work to earn, to pay for a home, where the Banks won't lend, because we don't have Full-time employment. The Bank Mortgage needs two Part or Casual jobs for $ payments. Gotta love how the ABC Factcheck team cherry pick things. Pick a statement - any statement - from the Coalition that can be shown to be “Misleading”, or pick an ALP statement that can be shown to be “Correct”. Very biased and politically motivated. Any claim of impartiality is BS
Source: abcnews - 🏆 5. / 83 Read more »
Business conditions tumble with job prospects hit hard as economy coolsThe jobs market appears to be deteriorating, according to the influential NAB business survey, putting further pressure on the Reserve Bank, which is banking on unemployment falling from here. Australian Governments have turned Australia into a quarry and Contiki tour, China's screwed (Trump), jigs up, hope ya gotta Plan B?
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How clean is your hotel room? Housekeepers say the industry has dirty secretsSome housekeepers say the accommodation industry has some dirty secrets, as workplace rights advocates fear the sector is ripe for staff exploitation and rush jobs.
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Coalition accused of saving cash at expense of long-term unemployedJobs Australia says a move to more online services, championed as a way to funnel money back to difficult cases, is instead a cost-cutting exercise. swrighteconomy Just as the LiberalAus has the unemployed and underemployed on the rise.. swrighteconomy Bit of subject/object confusion on this headline.
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Cashed up kids: Simple ideas take pocket money to a whole new levelEarning decent pocket money through working odds jobs can be difficult for kids, motivating some to pursue their own small business.
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'Decentralising hasn't worked so far, it won't start working now': Coates | Sky News AustraliaThe Grattan Institute's Brendan Coates has dismantled calls for decentralisation of Sydney and Melbourne, saying the reason house prices are so high in the two cities is because that's 'where all the jobs are'. \n\nMr Coates has told Sky News that the ratio of house prices to income in some regional areas 'isn't that much lower than parts of Sydney'. \n\nPrime Minister Scott Morrison took aim at congestion in the major cities in March when he unveiled a migration plan designed to encourage migrants to move to regional Australia. \n\nMr Coates says decentralisation plans have been in the works for a century, saying 'it hasn't worked so far, it won't start working now'. \n\n\n\n\n\n\n Exactly, immigration creates jobs, something the RWNJs on sty news forget (deliberately) to tell you Where have they decentralised. A proper NBN, as originally planned, would have allowed for greater job decentralisation........oh wait who was it that thwarted thatto allow his piss poor subscriber TV network to hobble on for a few more years?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
PM talks up China relations, throws Daley under the bus | Sky News AustraliaScott Morrison has talked up Australia's relationship with China, at a meeting for the Chinese community in Sydney, as he seeks to draw on the large Chinese community to get Fiona Martin elected in Reid. \n\nIn a speech on Wednesday, Mr Morrison highlighted controversial comments made by former New South Wales Labor leader Michael Daley, who said Asian immigrants were taking jobs in Australia.\n\nMeanwhile, tensions over the below-the-line campaign to re-elect Jim Molan have now boiled over, with the Nationals telling its members to ignore the Coalition ticket in what they call an ‘extraordinary step'. \n\nWith just days left in the campaign, it’s another distraction to the Prime Minister, with his main goal to win lower house seats.\n\nImage: News Corp Australia \n\n\n He talks up the Chinese but refuses to recognise First Australians!! Not one Indigenous policy from this guy during the whole campaign Grub! The currency is collapsing . war with china is going full steam ahead. Australian logic - How do you get out of a hole ? by making it bigger .
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Wages growth fails to pick up, with construction workers seeing pay stagnateWage growth remains stuck around historically low levels, with workers receiving annual pay increases averaging 2.3 per cent. ...it's an employers marketplace - no shortage of hands for the same body of work = perpetual dilution of wage increase demand; that's just dumb supply and demand stuff... 2.9% Reality Interesting observation when national wages decision awarded a 3.5% wage increase. Where did the increase go if the average is much less?
Source: abcnews - 🏆 5. / 83 Read more »
Wage growth stuck at historically low levels | Sky News AustraliaNew data confirms wage growth is stuck at historically low levels, with The Bureau of Statistics Wage Price Index rising half a per cent for the third quarter in a row, falling short of expectations. \n\nIt means workers are receiving yearly pay increases of 2.3 per cent, with the modest growth mainly driven by scheduled pay rises in the public sector. \n\n\n\n\n\n\n\n It's not stuck, low wages are by policy design according to mathias cormann, try telling the truth sty Ain't that the truth, while company profits rise by over 30%...where did it all trickle to? Wages cannot rise - employers have been squeezed to the limit. Collapse is waiting in the shadows LiberalAus
Source: SkyNewsAust - 🏆 7. / 78 Read more »