Share this @internewscast.com

Australia’s jobless rate is expected to remain low, while those seeking new work are likely to receive a boost to their pay packets.
Labour force figures for May, to be released on Thursday, are tipped to show the unemployment rate holds steady at 4.1 per cent.
Economists predict about 20,000 new jobs were added to the economy for the month of May, following a bumper increase of 89,000 in April.

The Australian Bureau of Statistics is expected to reveal that the jobs market is tightening, with the labour force participation rate predicted to stay steady at 67.1 per cent.

Salaries go up in the month of May, data shows

Listed salaries have increased by 3.6 per cent for the year to May, according to a report by online job site Seek.
The site’s advertised salary index showed growth in pay rates for new positions has remained steady over the past year.
But monthly growth in May was just 0.2 per cent, the smallest one-month increase since October.
Seek senior economist Blair Chapman said the increase in wages advertised was a welcome rise.
“The growth in average advertised salaries is currently outpacing living costs, which is good news for those switching employers as they are likely gaining a real wage increase,” he said.

“This means they can purchase more goods and services or save some of their additional earnings.”

‘Real wages are growing again’

Treasurer Jim Chalmers said reducing unemployment levels had also been accompanied by a decrease in inflation.
“No major advanced economy has combined unemployment in the low 4s with inflation under 2.5 and three years of continuous growth,” he said in an address at the National Press Club on Wednesday.
“We know this welcome progress in the national aggregate data doesn’t always translate into how people are feeling and faring in local communities. But real wages are growing again.”
Chalmers has flagged potential tax reform during his second term in the role, which will be examined at a productivity summit to be held in Canberra in August.
“This is all about testing the country’s reform appetite.
“I am prepared to do my bit, the government is prepared to do its bit, and what we’ll find out in the course of the next few months is whether everyone is prepared to do their bit as well.”

Share this @internewscast.com
You May Also Like
ADF generic

Class Action Lawsuit Targets Alarming Sexual Violence Rates within Australian Defence Force

Women who claim to have faced systemic sexual abuse, harassment, discrimination, and…

Uncovering the Truth: How a Single Bone is Rewriting Australia’s Megafauna Extinction Story

A decades-old theory that First Nations peoples hunted Australia’s megafauna to extinction…

Indonesia Commits to Active Participation in Global Sports Amid IOC Criticism Over Israel Ban

Indonesia says it will continue to play an “active role” in international…
The fugitive father (pictured) was shot dead during a showdown between him and NZ Police

Exclusive: Inside the Secret Bush Hideouts of Fugitive Father Tom Phillips and His Children – Unveiling Three Years of Evasion

Newly released photographs have unveiled secretive bush hideouts where fugitive father Tom…
Western Sydney University hacked emails data breach

Major University Data Breach Exposes Sensitive Bank Accounts and Legal Information

Western Sydney University has admitted large amounts of personal data, including bank…
Kasha McIver, 39, pleaded guilty to the manslaughter of her housemate Matthew Warrington in the Victorian Supreme Court on Thursday alongside her co-offender Dylan Wyatt, 38.

Shocking Revelation: Convicted Killer’s Chilling Confession of Self-Defense

A woman has confessed to killing a man, whose dismembered remains were…
Australians who've self-diagnosed a gluten intolerance have been warned that they're likely cutting out the wrong foods.

New Research Reveals Aussies Misdiagnosing Gut Problems as Gluten Intolerance: A Growing Health Concern

Australians who have self-diagnosed with gluten intolerance might be excluding the wrong…
Trump insists he can strike suspected drug-smugglers without backing of Congress

Trump Asserts Authority to Target Suspected Drug Smugglers Independently of Congressional Approval

President Donald Trump has asserted that he retains the authority to conduct…
British ex-soldier acquitted of Bloody Sunday massacre murder

Former British Soldier Cleared of Murder Charges in Bloody Sunday Case

A former British paratrooper who was the only soldier ever charged in…
Trump tears down nearly all of White House East Wing for new ballroom

Trump Initiates Major Renovation in White House East Wing for New Ballroom

The White House East Wing has been completely demolished, according to newly…

Urgent Call to Action: Telcos Urged to Resolve Triple-Zero Failures Affecting 10,000 Samsung Users

Thousands of Samsung mobile phone users risk being out of pocket to…

U.S. Strike Targets Suspected Drug-Smuggling Vessel in Pacific, Leaving Two Dead

The United States military carried out a lethal strike on a boat…