Australians’ average earnings decline as low-wage jobs recover

• February 19, 2021 03:02 PM AEDT
• Ashish

The Australian retail sales surged as coronavirus-induced restrictions in different states eased in January 2021. The national retail turnover recorded a 0.6 per cent rise (seasonally adjusted), up 10.7 per cent from the corresponding period of las...

• February 18, 2021 07:11 PM AEDT
• Hina Chowdhary

The Australian Bureau of Statistics (ABS) today released its latest data on Labour Force for the month of January 2021. The unemployment rate decreased to 6.4% in January 2021, down from its December value of 6.6%, going lower than the expected rat...

• February 17, 2021 05:15 PM AEDT
• Tribhuwan

Summary Assistant Governor Christopher Kent today reiterated that the bond buying program helped to put brakes on rising Australian Dollar. The Reserve Bank will hold more long term currency swaps to manage liquidity in the foreign exchange swa...

• February 17, 2021 03:33 PM AEDT
• Team Kalkine

The COVID-19 pandemic played spoilsports with Australians’ overseas travel plans in 2020, with the numbers hitting a 24-year low. As revealed by the latest Australian Bureau of Statistics (ABS) data, there was a 75% decline in the number of A...

• February 11, 2021 09:13 PM AEDT
• Team Kalkine

Credit card payments company Mastercard (NYSE: MA) announced that it would allow cardholders to transact using some cryptocurrencies on its platform starting later this year. The financial services giant is the latest in various other companies to ...

• February 09, 2021 03:14 PM AEDT
• Team Kalkine

Business confidence picked up in January even as business conditions declined from record highs in December, according to a survey. The fall in business conditions was on account of the COVID-19-related breakouts in a few cities, which were ultimat...

• February 07, 2021 12:38 AM AEDT
• Team Kalkine

  The recently released data for new vehicle sales in Australia has further boosted hopes for a speedy recovery in the automotive industry. The number of new vehicles sold in the first month of the calendar year 2021 has gone up by more than ...

• February 05, 2021 04:24 PM AEDT
• Kunal Sawhney

On the 5th of February, RBA governor Phillip Lowe presented his updated outlook for the Australian economy in his opening statement to the House of Representatives Standing Committee on Economics. Governor Lowe pointed out that things have taken a ...

• February 05, 2021 03:10 PM AEDT
• Hina Chowdhary

The Australian retailers suffered a drop in sales in December as shoppers pulled back from spending. The retail sales fell 4.1 per cent in December 2020 after a rise of 7.1 per cent in the previous month, the Australian Bureau of Statistics (ABS) d...

• February 04, 2021 04:17 PM AEDT
• Team Kalkine

AUD/USD improved slightly on Thursday after a dip in the currency exchange rate observed on Tuesday. The highly traded pair has seen persistent declines in the US dollar over the past couple of months. Additionally, following the GME and AMC short ...