Interest Rate Unchanged in April-14

[rabidz]

Andrew Wilson tweets:
1. "No surprise interest rates on hold and likely to remain so for the foreseeable future."
2. "Those bravely predicting rate rise this year seem to be ignoring current Melbourne jobless at 7.3% highest since 1999 and set to rise."

Couldn't agree more..
So true..

 

[D.T.]

Time to get more leverage

 

[ok180]

We will be richhhhhh!

 

[impala67]

Very late year if at all. More certain for 2015.

I thought there would be one cut this year but very doubtful.

Highest unemployment since 1999 was surprising.

 

[rabidz]

Very late year if at all. More certain for 2015.

I thought there would be one cut this year but very doubtful.

Highest unemployment since 1999 was surprising.

Bill Evans (Westpac) thinks that there will be no more cut.
The next move is up, which is probably happened in the 2nd half of 2015.

 

[buzzlightyear]

Andrew Wilson tweets:
1. "No surprise interest rates on hold and likely to remain so for the foreseeable future."
2. "Those bravely predicting rate rise this year seem to be ignoring current Melbourne jobless at 7.3% highest since 1999 and set to rise."

Couldn't agree more..
So true..

Current Vic unemployment rate as reported by ABS in February 2014 is 6.4%. Seems a long way from 7.3%...

 

[impala67]

Current Vic unemployment rate as reported by ABS in February 2014 is 6.4%. Seems a long way from 7.3%...

Either side of six & a half - That seems more in line with where I thought it was.

 

[Spades]

Break down on region have unemployment between 4.7-7.1%.

http://lmip.gov.au/default.aspx?LMIP/LFR/Vic_LFR_LM_byLFR_UnemploymentRate

Sure would be good to see how many of those employed are actually in fulltime employment versus casual,part time and on contract basis.

Cheers Spades.

 

[D.T.]

Break down on region have unemployment between 4.7-7.1%.

http://lmip.gov.au/default.aspx?LMIP/LFR/Vic_LFR_LM_byLFR_UnemploymentRate

Sure would be good to see how many of those employed are actually in fulltime employment versus casual,part time and on contract basis.

Cheers Spades.

Yep. Employment figures are not really comparable because of that

 

[impala67]

Break down on region have unemployment between 4.7-7.1%.

http://lmip.gov.au/default.aspx?LMIP/LFR/Vic_LFR_LM_byLFR_UnemploymentRate

Sure would be good to see how many of those employed are actually in fulltime employment versus casual,part time and on contract basis.

Cheers Spades.

Excellent point Spades...I think the term is "underemployement". i.e., employed, however not enough hours to make ends meet, or thereabouts.