The Number-Wangers Are At It Again!

Australian employment surpassed expectations in June and the jobless rate held at a lower revised rate, underlining the labor market’s resilience to rapid interest-rate increases.

The jobless rate remained at 3.5%, having hovered in a range of 3.4%-3.7% since June last year, Australian Bureau of Statistics data showed Thursday. The economy added 32,600 roles from a month prior, more than double estimates, and employment has now risen in nine out of the past 12 months.

The data increases pressure on the Reserve Bank to resume raising rates, with money market bets implying a better-than 50% chance of a hike to 4.35% at its Aug. 1 meeting. The Australian dollar extended earlier gains, rising to 68.25 US cents. Three-year bond yields jumped 12 basis points, heading for their largest one-day increase since July 7.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

A Retail Conundrum [Podcast]

The latest from the ABS on retail turnover looked superficially stronger (and again the MSM went to town). But correcting for population growth and inflation it is a different story, and we know some are cutting back hard, while others are spending big on the offers and discount incentives. Nothing here to stop the RBA, in my view.

https://www.abs.gov.au/statistics/industry/retail-and-wholesale-trade/retail-trade-australia/may-2023

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
A Retail Conundrum [Podcast]
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A Retail Conundrum

The latest from the ABS on retail turnover looked superficially stronger (and again the MSM went to town). But correcting for population growth and inflation it is a different story, and we know some are cutting back hard, while others are spending big on the offers and discount incentives. Nothing here to stop the RBA, in my view.

https://www.abs.gov.au/statistics/industry/retail-and-wholesale-trade/retail-trade-australia/may-2023

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

A Small Inflation Breather [Podcast]

The latest numberwang from the ABS showed only a slight fall in core inflation, though the headline dropped a bit. And of course the MSM were celebrating the “news”. These are the less reliable monthly series of course.

However, the underlying story is one of sticky wages inflation and some one-off changes which offset rises. And of course higher power costs will start to hit from July. So, nothing here to deflect the RBA.

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/monthly-consumer-price-index-indicator/may-2023

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
A Small Inflation Breather [Podcast]
Loading
/

A Small Inflation Breather

The latest numberwang from the ABS showed only a slight fall in core inflation, though the headline dropped a bit. And of course the MSM were celebrating the “news”. These are the less reliable monthly series of course.

However, the underlying story is one of sticky wages inflation and some one-off changes which offset rises. And of course higher power costs will start to hit from July. So, nothing here to deflect the RBA.

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/monthly-consumer-price-index-indicator/may-2023

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

More Households Are Taking Multiple Jobs To Try And Get By!

The latest from the ABS highlights the rising number of workers with multiple jobs in an attempt to cover the rising costs of living. Many women working part-time in healthcare and related sectors are impacted.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
More Households Are Taking Multiple Jobs To Try And Get By!
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More Households Are Taking Multiple Jobs To Try And Get By!

The latest from the ABS highlights the rising number of workers with multiple jobs in an attempt to cover the rising costs of living. Many women working part-time in healthcare and related sectors are impacted.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

A Surprise Drop In Housing Finance In April!

The latest new lending data from the ABS showed a surprise fall in April, with a drop in refinancing, first time buyers, and general lending for housing.

This surprise change in the lending weather might be related to Easter which occurred in the month, or it might reflect the higher interest rates now on the cards.

We discuss the data and consider the consequences.

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Up The Unemployment Curve….

The April ABS release showed a surprise small rise in the unemployment rate. So we look at the figures and ask if this is significant, given the budget papers expectation of higher unemployment ahead.

https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/apr-2023

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

More By The Numbers…

We review the latest in new lending statistics and building approvals released by the ABS.

In essence there are signals of consistent slowing, despite a small rise in first time buyers entering the market in reaction to the 1 month RBA rate rise pause. However, refinancing continues to drive the markets as more seek better rates. Building approvals continue to languish, as the HIA are always keen to underscore.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

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