• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, October 4, 2023
Earth-News
  • Home
  • Business
  • Entertainment
    Man bags life imprisonment for sexually assaulting 4-year-old in church

    Man bags life imprisonment for sexually assaulting 4-year-old in church

    BBNaija All-Stars winner gets N120m cheque, Innoson’s victory ride + Videos, photos |

    BBNaija All-Stars winner gets N120m cheque, Innoson’s victory ride + Videos, photos |

    We spent N5.5billion in the production of BBNaija All Stars — Multichoice reveals – Lifestyle Nigeria

    We spent N5.5billion in the production of BBNaija All Stars — Multichoice reveals – Lifestyle Nigeria

    Fashola Sends Fresh Warning To Nigerians

    Fashola Sends Fresh Warning To Nigerians

    Ebunife And Ian’s Outdoor Wedding Was A Show Of Love, Beauty And Sweet Moments

    Ebunife And Ian’s Outdoor Wedding Was A Show Of Love, Beauty And Sweet Moments

    UCL: Osimhen fails to score as Real Madrid beat Napoli 3-2

    UCL: Osimhen fails to score as Real Madrid beat Napoli 3-2

  • General
  • Health
  • News
    Holness, Golding continue to lose favour with Jamaicans

    Holness, Golding continue to lose favour with Jamaicans

    PM to indicate gov’t position on CCJ as Jamaica’s final appellate court

    PM to indicate gov’t position on CCJ as Jamaica’s final appellate court

    Brown Burke condemns recent murders of women, children

    Brown Burke condemns recent murders of women, children

    Health Ministry allocates more than $300m for dengue mitigation efforts

    Health Ministry allocates more than $300m for dengue mitigation efforts

    One Don Gang trial ends as sentences handed down for all 15 convicts

    One Don Gang trial ends as sentences handed down for all 15 convicts

    Jamaicans Brett, Williams on target in USL

    Jamaicans Brett, Williams on target in USL

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Tech
    Starlink is offering users in Nigeria a 20% discount as it looks to expand reach

    Starlink is offering users in Nigeria a 20% discount as it looks to expand reach

    Stitch announces $25 million Series A extension to expand enterprise payments product

    Stitch announces $25 million Series A extension to expand enterprise payments product

    Exclusive: Paystack expands further into offline payments as Nigeria’s POS volume surges

    Exclusive: Paystack expands further into offline payments as Nigeria’s POS volume surges

    Five key attributes of innovative startups

    Five key attributes of innovative startups

    WhatsApp hacks are back, and they’re sneakier than before

    WhatsApp hacks are back, and they’re sneakier than before

    X (aka Twitter) used to be great for customer service. Here’s where to go now

    X (aka Twitter) used to be great for customer service. Here’s where to go now

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Man bags life imprisonment for sexually assaulting 4-year-old in church

    Man bags life imprisonment for sexually assaulting 4-year-old in church

    BBNaija All-Stars winner gets N120m cheque, Innoson’s victory ride + Videos, photos |

    BBNaija All-Stars winner gets N120m cheque, Innoson’s victory ride + Videos, photos |

    We spent N5.5billion in the production of BBNaija All Stars — Multichoice reveals – Lifestyle Nigeria

    We spent N5.5billion in the production of BBNaija All Stars — Multichoice reveals – Lifestyle Nigeria

    Fashola Sends Fresh Warning To Nigerians

    Fashola Sends Fresh Warning To Nigerians

    Ebunife And Ian’s Outdoor Wedding Was A Show Of Love, Beauty And Sweet Moments

    Ebunife And Ian’s Outdoor Wedding Was A Show Of Love, Beauty And Sweet Moments

    UCL: Osimhen fails to score as Real Madrid beat Napoli 3-2

    UCL: Osimhen fails to score as Real Madrid beat Napoli 3-2

  • General
  • Health
  • News
    Holness, Golding continue to lose favour with Jamaicans

    Holness, Golding continue to lose favour with Jamaicans

    PM to indicate gov’t position on CCJ as Jamaica’s final appellate court

    PM to indicate gov’t position on CCJ as Jamaica’s final appellate court

    Brown Burke condemns recent murders of women, children

    Brown Burke condemns recent murders of women, children

    Health Ministry allocates more than $300m for dengue mitigation efforts

    Health Ministry allocates more than $300m for dengue mitigation efforts

    One Don Gang trial ends as sentences handed down for all 15 convicts

    One Don Gang trial ends as sentences handed down for all 15 convicts

    Jamaicans Brett, Williams on target in USL

    Jamaicans Brett, Williams on target in USL

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Tech
    Starlink is offering users in Nigeria a 20% discount as it looks to expand reach

    Starlink is offering users in Nigeria a 20% discount as it looks to expand reach

    Stitch announces $25 million Series A extension to expand enterprise payments product

    Stitch announces $25 million Series A extension to expand enterprise payments product

    Exclusive: Paystack expands further into offline payments as Nigeria’s POS volume surges

    Exclusive: Paystack expands further into offline payments as Nigeria’s POS volume surges

    Five key attributes of innovative startups

    Five key attributes of innovative startups

    WhatsApp hacks are back, and they’re sneakier than before

    WhatsApp hacks are back, and they’re sneakier than before

    X (aka Twitter) used to be great for customer service. Here’s where to go now

    X (aka Twitter) used to be great for customer service. Here’s where to go now

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Optimism for SMEs amidst global labour shifts

September 14, 2023
in Business
Optimism for SMEs amidst global labour shifts
Share on FacebookShare on Twitter

Recent research by the National Australia Bank (NAB) sheds light on shifting labour market dynamics in both the United States and Australia, offering important insights for Australian SMEs.

As the global labour market undergoes crucial transformations, small and medium-sized enterprises (SMEs) in Australia are closely following developments. Findings reveal that labour market dynamics in both the United States and Australia are showing signs of adjustment, offering potential insights and implications for Australian SMEs.

Table of Contents

  • Adjusting labour markets
  • Parallel trends in Australia
  • Australian SME economic update – Q2 2023 GDP growth
  • Economic fortification
  • Monetary policy and future outlook

Adjusting labour markets

Labor markets are undergoing noteworthy transformations in the United States and Australia, holding significance for SMEs. The data from the United States, often a source of inspiration for Australian SMEs, indicates a distinct deceleration in job growth. Encouragingly, this slowdown is not accompanied by alarming layoffs or a surge in unemployment. Indicators like job openings and quit rates have returned to more typical levels. Particularly noteworthy is the job openings-to-unemployed individuals ratio, which has improved to 1.5, approaching its pre-pandemic ratio of 1.2. Importantly, this moderation in the US labor market hasn’t caused a sudden spike in unemployment or layoffs; layoff rates remain below pre-pandemic levels. Instead, the deceleration is attributed to a return to standard hiring patterns.

Parallel trends in Australia

Australia’s labor market exhibits a similar trend. Layoff rates and transitions from employment to unemployment are currently below historical averages, while transitions into employment have resumed usual patterns. This suggests not only that Australian employers are retaining their workforce but also that there is a strong demand for labor. These developments provide optimism for Australian SMEs as they navigate labor market challenges.

The idea that labor markets can rebalance without a significant spike in unemployment is particularly reassuring. While wage growth in the US has moderated, the Federal Reserve anticipates further moderation in labor market conditions to achieve sustainable inflation targets. This progress surpasses what headline indicators might imply, with the US labor market closely resembling its 2019 state in many aspects.

Australian SME economic update – Q2 2023 GDP growth

Shifting our focus to the Australian SME landscape, the most recent GDP report, attributed to NAB’s research, paints a nuanced picture of the economic terrain. Australia’s GDP has expanded by 0.4% quarter-on-quarter, with a year-on-year growth rate of 2.1%.

While this growth figure may appear slightly lower than initial expectations, it aligns closely with consensus forecasts and represents a modest improvement over the Reserve Bank of Australia’s August Statement on Monetary Policy (SMP), which had projected a mere 0.2% growth. Furthermore, the upward revision of the first quarter’s GDP (now at 0.4%) suggests that the Australian economy has maintained its momentum.

Economic fortification

Despite a minor deceleration in consumption growth, Australian SMEs can take comfort in the fact that the economy has been strengthened by government infrastructure investments and increased business spending. This GDP release reinforces broader economic trends observed in other data.

Discretionary spending and goods consumption (excluding motor vehicle purchases) continue to decline, while spending on services remains relatively stable. Additionally, the report reflects the persistent effects of post-pandemic dynamics, with certain components, such as trade and business inventories, displaying higher-than-usual volatility.

Monetary policy and future outlook

In the short term, the latest GDP result is unlikely to significantly impact monetary policy in Australia. The Reserve Bank of Australia (RBA) remains confident that higher interest rates are effectively curbing demand and fostering a more balanced economy. Today’s data further supports this perspective. On the nominal side, price pressures remain elevated, but broader wage measures remain within the RBA’s acceptable range. Nonetheless, assessing productivity remains a challenge, particularly on a quarterly basis.

As Australian SMEs chart their course for the future, they should anticipate below-trend growth over the next two years, primarily driven by weak household consumption and a softening in dwelling investment. While the influence of the pandemic is gradually waning, ongoing improvements in trade and a shift in consumption patterns are expected, potentially leading to continued volatility in measured economic output in the near term.

For further FX, Interest rate and Commodities information visit nab.com.au/nabfinancialmarkets.

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Dynamic Business – https://dynamicbusiness.com/topics/news/optimism-for-smes-amidst-global-labour-shifts.html

Tags: AmidstbusinessOptimism
Previous Post

The big speed bump on the road to GenAI

Next Post

What SMEs need to know about the National Anti-Corruption Commission

Zaidi states Luciano likely Giants’ 2024 Opening Day shortstop

Zaidi states Luciano likely Giants’ 2024 Opening Day shortstop

October 4, 2023
Rays draw smallest MLB postseason crowd since 1919 in loss to Rangers

Rays draw smallest MLB postseason crowd since 1919 in loss to Rangers

October 4, 2023
Dbacks MLB Wild Card news: Diamondbacks holding narrow lead

Dbacks MLB Wild Card news: Diamondbacks holding narrow lead

October 4, 2023
Jerry Dipoto tells Mariners fans what they don’t want to hear

Jerry Dipoto tells Mariners fans what they don’t want to hear

October 4, 2023
Justin Fields called Chase Claypool over the weekend. Here’s why he wanted to talk to WR

Justin Fields called Chase Claypool over the weekend. Here’s why he wanted to talk to WR

October 4, 2023
Man bags life imprisonment for sexually assaulting 4-year-old in church

Man bags life imprisonment for sexually assaulting 4-year-old in church

October 4, 2023
BBNaija All-Stars winner gets N120m cheque, Innoson’s victory ride + Videos, photos |

BBNaija All-Stars winner gets N120m cheque, Innoson’s victory ride + Videos, photos |

October 4, 2023
We spent N5.5billion in the production of BBNaija All Stars — Multichoice reveals – Lifestyle Nigeria

We spent N5.5billion in the production of BBNaija All Stars — Multichoice reveals – Lifestyle Nigeria

October 4, 2023
Fashola Sends Fresh Warning To Nigerians

Fashola Sends Fresh Warning To Nigerians

October 4, 2023
Ebunife And Ian’s Outdoor Wedding Was A Show Of Love, Beauty And Sweet Moments

Ebunife And Ian’s Outdoor Wedding Was A Show Of Love, Beauty And Sweet Moments

October 4, 2023
Partenaires
afric.info
europ.info
usa-news
lesmeilleureschaussures.fr
goodsforyoutoday.com
looktopbeauty.com
keto-diet.biz
soccernews.info
nba-news.net
sportsprblog.com compar.biz
the-best.top
bestchoices.biz
expert-plus.fr
travel-mag.info
pksportsnews.com
news-sports.org

Categories

Archives

October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (3,849)
  • Entertainment (3,959)
  • General (2,919)
  • Health (1,881)
  • News (4,456)
  • Science (3,037)
  • Sports (4,111)
  • Tech (2,987)

Recent News

Zaidi states Luciano likely Giants’ 2024 Opening Day shortstop

Zaidi states Luciano likely Giants’ 2024 Opening Day shortstop

October 4, 2023
Rays draw smallest MLB postseason crowd since 1919 in loss to Rangers

Rays draw smallest MLB postseason crowd since 1919 in loss to Rangers

October 4, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version

Optimism for SMEs amidst global labour shifts- https://www.maquillages.info/   https://maquillages.org   https://www.deguisements-fetes.fr   https://maillots-de-bain-shop.com   https://www.le-noeud-papillon.com   https://www.jeepeg.fr   https://maillotde-bain.com   https://pushkarvisit.com   -/- According to Luke Fickell, Wisconsin is ‘all-in’ on NIL   Barbie film hits $1bn mark at global box office   Zhuhai Championships: Andy Murray loses to Aslan Karatsev in last 16   Breece Hall named Jets’ offensive X-factor for 2023   Soundking AK20 BA Amplificateur pour Basse   -*-$$DAKINE Split Roller Mallette ordinateur à roulettes, 21 cm, 110 L, Carbon   Veuve Clicquot – Coffret Retraite V.Clicquot Rose   Enceinte Mobile 700W Sono Active DJ KARAOKE 12″ Autonome Batterie à LED RVB + Micro VHF USB/SD/Bluetooth – LedWood Boostar1400   Volkswagen: IT-Störung bei Volkswagen behoben   Newcastle adds BetMGM UK to its bookmaker alliances   $$* Amalia   El Rancho Place d’Italie, Centre commercial Italie 2, place d’Italie 75013 Paris   Optimism for SMEs amidst global labour shifts *Optimism for SMEs amidst global labour shifts