The ASX 200 slid 2.9% on Thursday amid less than completely encouraging news at home, and awful news from abroad.
The progress we were making has been slowed or reversed, at exactly the wrong time.
Reserve Bank Deputy Governor Guy Debelle, Governor Philip Lowe, and assistant governors Luci Ellis and Michele Bullock at Friday’s parliamentary hearing in Canberra.
The Reserve Bank's best case scenario is that its forecasts are wrong.
The latest claim that job-seekers are actively snubbing work opportunities flies in the face of research.
Claiming "there are jobs out there for those who want them" is cheap rhetoric glossing over the reality of unemployment.
Most of those receiving the $40 per day have been doing it for a long time.
Many people enter and leave Newstart quickly. But most of those on it have been on it for a long time.
Work isn’t as stable as it once was.
A growing number of jobs are becoming less stable, with fewer benefits and stagnating wages. This is taking a significant toll on the psychological health of workers.
South Africans with jobs fear that automation could make them redundant.
The governments needs to adjust its agenda to take on board concerns voiced by citizens about the impact of technological changes.
South Africa’s child support grant helps fight poverty among children up to the age of 18.
The child support grant, as a policy instrument, cannot work alone in ensuring that young people thrive and succeed.
As uncertain as 2019-20 is, The Conversation’s team of 20 leading economists are in broad agreement that the outlook isn’t good. Scott Morrison and Treasurer Josh Frydenberg will also have to deal with the unexpected.
Wes Mountain/The Conversation
The Conversation's distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
Unemployment and a loss of health insurance are two problems not necessarily captured in official poverty measures.
In the US, poverty is measured by income level. But that measure misses many other aspects of poverty – like unemployment, poor health and a lack of health insurance.
Giving young people financial skills can lead to much better education and job outcomes.
Arming young people with financial capabilities does improve their employment prospects, but how exactly is still not clear. One possibility is that financial literacy boosts their confidence
Inequality in South Africa derives from settler colonialism. The country is incredibly unequal.
Inequality persists in post-apartheid South Africa, reflecting the distribution of power. Reversing this will require changing the social processes and relations that underpin it.
South Africa has seen a steady rise in the number of protests
If the country is to survive its current crisis, government will need to undertake two difficult tasks simultaneously.
Many young South Africans see no point in voting.
After recent elections, South Africa are grappling with what the reasons are for the declining trend in youth participation in the 2019 elections.
Sluggish jobs growth may compel Federal Reserve Board Chair Powell to take action.
The Fed said it's ready to act to 'sustain the expansion.' The latest jobs report suggests it may have to act soon.
Millions of unemployed Americans have become too discouraged to look for work.
An economist explains why the long-term drop in the participate rate is an even bigger problem for the US economy than the May slowdown in jobs growth.
Our standard economic model says when labour is scarce, the cost of labour should increase. But something is broken. This is not happening.
We're facing a global economic problem that no one really understands or knows how to fix.
New Zealand’s unemployment rate is better than the OECD average of 5.2%, but 12 OECD countries have lower rates.
Historically, New Zealand's post-war rate of unemployment was 2% or lower until the early 1980s. Today, 4.4% of New Zealanders are out of work, but the well-being budget is unlikely to bring unemployment rates down.
Average Walmart workers make twice the federal minimum wage but may still qualify for public benefits.
AP Photo/Mark Lennihan
Stressing out about potentially losing benefits can prolong financial instability. Solving this problem will help low-paid workers and everyone else.
Unlike their South African counterparts, Indian call centre workers have better career prospects.
Unlike India's, South Africa's business process outsourcing sector is not generating jobs that offer workers the chance of progressing up the career ladder.
International unemployment standards ignore a big part of South Africa’s labour market problems.
South Africa’s embrace of international conventions has buttressed the country’s reputation in statistical circles. But these global standards prove a poor fit for the country.