Australian wages growth stayed stubbornly weak last quarter in a disappointing o...
SYDNEY - Australian wages growth stayed stubbornly weak last quarter in a disappointing outcome for household consumption and provided further evidence of ample spare capacity in the country’s labor market despite a strong run of jobs lately.
Annual wage growth at 2.3% has remained steady since the quarter-ended September 2018 and way below policymakers desire of “3 point something”. “The data largely confirms the RBA’s view that spare capacity is limiting upward pressure on wages, and the economy needs to generate more jobs to absorb the extra workers,” said Sarah Hunter, chief economist at BIX Oxford Economics.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Explainer: How does negative rate policy work?Negative rate policy - once considered only for economies with chronically low i...
Leer más »
A $1 trillion US budget deficit is one big reason the Fed may have to cut ratesIf low inflation, a wobbly economy and tariff jitters weren't enough to push the Federal Reserve to lower interest rates, there's also the simple reason of the swelling national debt.
Leer más »
Opinion | The Trade War Hits China Where It HurtsFrom WSJopinion: Trump’s tariffs are hitting China at a vulnerable moment for its economy and authoritarian leaders, write AndyPuzder and JimTalent
Leer más »
Trump administration to make it harder for low-income immigrants to stayNEW: Trump admin. introduces a new rule on Monday that will make it harder for low-income immigrants who receive food stamps or other forms of taxpayer-funded assistance to stay in the country legally. - janestreet
Leer más »
A growing legion of debt-laden 'zombie consumers' has been enabled by low interest rates, economists say'Zombie consumers are huge beneficiaries of the Fed's continued monetary stimulus,' said Stephen Roach, a senior fellow at Yale University.
Leer más »