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A record jump in employment in November
17 December 2021 | Mark Thirlwell MAICD
The number of employed people soared by a record 366,100 in November this year, smashing consensus expectations for an already-robust 200,000 increase. In an extremely strong labour force report, hour...
Director Sentiment buoyant despite post-pandemic challenges｜Director Sentiment Index 2H21
15 December 2021
Directors are optimistic about the economy, but directors have identified key challenges for the post-pandemic recovery, according to the AICD’s latest Director Sentiment Index.
RBA ends 2021 with cash rate still at record low and QE in place
10 December 2021 | Mark Thirlwell MAICD
As the data calendar winds down for 2021, this week brought the final RBA meeting of the year, several updates on the state of the labour market and yet more numbers on the pace of Australian house pr...
GDP shrinks 1.9 per cent in Q3 as Omicron looms
3 December 2021 | Mark Thirlwell MAICD
Along with uncertainties around the implications of the new Omicron variant for the world economy, this week also brought Australia’s September quarter 2021 national accounts and a bunch of data...
Revolution or evolution?
1 December 2021 | Mark Thirlwell MAICD
With its own constantly shifting parameters, the state of the Australian jobs market is causing companies and strategists significant concern, writes AICD chief economist Mark Thirlwell MAICD.
Business activity strengthened in November, jobs rose in October
26 November 2021 | Mark Thirlwell MAICD
The real-time data is showing healthy recovery in the Australian economy, though the Q3 GDP release next week will show a sharp contraction due to the lockdowns.
Catching up on COP26; no sign yet of surging wages
19 November 2021 | Mark Thirlwell MAICD
COP26 concluded with the signing of the Glasgow Climate Pact. Judged against the key benchmarks of delivering enough emissions reductions to keep the world on track to meet the goals of the Paris Agre...
An initial assessment of COP26
17 November 2021 | Mark Thirlwell MAICD
The 26th United Nations Climate Change Conference of the Parties or COP26 concluded in Glasgow on 13 November 2021 with nearly 200 countries signing on to the Glasgow Climate Pact. Our prim...
Jobless rate jumps to 5.2 per cent
12 November 2021 | Mark Thirlwell MAICD
The main focus of this week’s Australian data releases was some early evidence on the post-lockdown labour market. One indicator came in the form of the October 2021 labour force results, althou...
RBA exits yield curve control
5 November 2021 | Mark Thirlwell MAICD
At this week’s monetary policy meeting the RBA announced an abrupt end to the policy of yield curve control that it introduced back in March last year. The RBA also changed the language around t...