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A Peek Into The Markets: US Stock Futures Edge Higher; Bank Earnings In Focus

A Peek Into The Markets: US Stock Futures Edge Higher; Bank Earnings In Focus
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Skilled migrants the missing link in Australia s post-COVID recovery

Print text only Cancel Plenty of economic reports come across my desk on a daily basis. Some stand out more than others. This one, from SEEK, caught my eye. It begins like this: Overview of March 2021: Highest number of job ads posted in a month in SEEK s 23+ year history. Applications per ad at lowest level since 2012. It s the combination of the lines above that grabs you. Bosses are shouting from the rooftops for quality candidates, and only hearing a few whispers back. It s also incongruous to what we know that millions of Australians want a job, or more hours than they currently have rostered.

Westpac consumer sentiment booms on - MacroBusiness

MacroBusiness Access Subscriber Only Content Via Bill Evans: The Index is now just 0.2 points below the December level which was a ten-year high. The main factors driving the Index are improving economic conditions and prospects, both domestically and abroad, particularly as they relate to our labour market. Australia’s success in containing COVID-19, the promise of vaccine rollouts bringing an end to the pandemic, and support from stimulatory government policies have all contributed to the sustained lift. However, the survey shows evidence of tensions emerging in the housing market. Every quarter, the survey includes additional questions around news recall that give a clearer indication of the topics influencing sentiment. Responses this quarter indicate that positive news around the economy, jobs and budget/tax policy have been most influential.

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