Tag: labour
More quantitative tightening despite labour market not at maximum yet
Per the Reserve Bank of Australia announcement, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement...
Big economies near reaching labor capacity
At its meeting today, the Board of the Reserve Bank of Australia decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at...
Struggling UK sales figures, Canadian trade on the upside
Per the Australian Bureau of Statistics hours worked decreased by 0.6 million hours (less than 0.1%) in seasonally adjusted terms between August and September 2022, and employment increased by 900 people (less than 0.1%). Throughout the pandemic, the hours worked series shows larger short-term changes compared to the employed series, given that employees may have been away from paid work for a short period without losing their job.
US labor economy better, Canada bank rates steady
The Bank of Canada today held its target for the overnight rate at the effective lower bound of 0.25 percent, with the Bank Rate at 0.5 percent and the deposit rate at 0.25 percent....
US and Canadian labour markets show moderate reasons for optimism
Per today’s statistical analysis provided in Canada Labour productivity down after zero growth in the second quarter. Labour productivity of Canadian businesses decreased by 1.5% in the third quarter, with hours...
