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Unemployment rate falls to 12-year low

The latest round of employment data shows the unemployment rate fell by 0.3 of a percentage point to 4.6 per cent through July. But the 12-year low might not signify labour market strength, experts say.

New View Strategies announces their return to in-person classes and releases their fall schedule with 12 classes

New View Strategies announces their return to in-person classes and releases their fall schedule with 12 classes
prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.

Australian central bank s policy optimism tested by lockdowns

Wayne Cole 3 minute read Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz SYDNEY, July 20 (Reuters) - Australia s central bank was counting on the economy to keep surprising with its strength when trimming stimulus earlier this month, but might now be forced to reconsider as coronavirus lockdowns spread across the country. Minutes of its July 6 policy meeting, showed the Reserve Bank of Australia (RBA) policy Board considered economic outcomes had been materially better than expected, particularly in the labour market. As a result, it decided that from September it would reduce the amount of bonds it was buying every week to A$4 billion ($2.94 billion), from the current pace of A$5 billion.

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