Thursday, October 18, 2018

September jobless rate falls to five percent - lowest in six years

Australia's official unemployment rate fell to a six year low of five percent seasonally adjusted in September. 

The unexpected fall is sustained could weigh on forecasts for the next interest rate rise. 

ABC's Peter Ryan analyses the figures from the ABS.

Wednesday, October 17, 2018

NBN, telco complaints "turning the corner" says Telecommunications Industry Ombudsman Judi Jones

The latest annual report from the Telecommunications Industry Ombudsman says complaints relating to the NBN are down and gripes about telcos in general are falling. \

Read the report here

While the Ombudsman Judi Jones says the number of complaints appears to be "turning the corner", there has still been a 6.2 percent increase at 167,831 over the year. 

Judi Jones tells ABC's Peter Ryan that her office has changed the methodology in assessing NBN complaints.

Tuesday, October 16, 2018

Telstra chairman John Mullen expects profit to be halved after full NBN rollout; investor anger about trimmed dividend

Telstra chairman John Mullen has warned shareholders that the telco's net profit is expected to be cut in half after the National Broadband Network is fully rolled out. 

Telstra shareholders have also slapped the board over decisions to trim dividend as the company undergoes a dramatic transformation to confront digital competitors. 

ABC's Peter Ryan says the warning saw Telstra's share price fall by 1.8 percent.

Here's my report from The World Today