Posts tagged "inflation"

With the US facing a recession and interest rates rising globally to curb inflation, Australia is facing a tumultuous economic period.

The work from home debate has ramped up over the past week, as employers once again deliberate how to avoid COVID-19 office outbreaks and contend with rising living costs.

The Australian Bureau of Statistics says the economy added some 88,400 jobs over June, while the number of unemployed people fell by 54,300.

The US dollar is the world’s reserve currency, which means it is used in most international transactions. As a result, changes in its value have implications for the entire global economy.

The construction industry is weighing the need to combat inflation against the likelihood rising interest rates will deter new home buyers.

The Reserve Bank of Australia hiked the cash rate target 0.5% on Tuesday, matching market expectations as the central bank battles inflation.

The last-minute grocery startup has a business model that seems to have cherry-picked all the worst, hardest and most expensive elements of running a business, says Ian Whitworth.

The Geelong-based company is the latest construction firm to struggle as material costs and fixed-price contacts dig into the sector.

Price hikes on fresh produce have resulted in calls for supermarkets to impose price caps to ensure shoppers can still afford to feed their families healthy food. But price ceilings on goods or services rarely, if ever, work.

There is no guarantee America will lean into a recession, the nation's Treasury Secretary Janet Yellen says, as spiking inflation and dwindling consumer confidence stoke fears of a broad-scale downturn.

Australia has now managed to keep a rate of unemployment below 4% for three consecutive months. If things are so good, why is wage growth so low?

"Increasing the minimum wage isn't the silver bullet that people are hoping that it will be," writes Amanda Rose.