Thursday, April 15, 2021

Jobless rate dips to 5.6pc, 70k new jobs in March as Commonwealth Bank boss Matt Comyn describes economic recovery as "miraculous"

Australia's unemployment rate fell to 5.6pc in March with another 70,700 jobs added to the economy according to the ABS. 

The latest figures put the jobless rate just 0.4 of a per cent above where it was prior to the mass job losses seen at the beginning of the COVID-19 pandemic. 

Commonwealth Bank chief executive Matt Comyn says the jobless rate could fall to 4.7pc by the end of 2022 describing the recovery as "miraculous". 

Here's my analysis from The World Today.




Monday, April 12, 2021

Australia Post announces new CEO as Christine Holgate prepares to face senate inquiry

Australia Post has appointed a new chief executive to replace Christine Holgate who was ousted late last year after awarding four senior executives Cartier watches worth almost $20,000.

Woolworths executive Paul Graham will join Australia Post in September after more four decades of supply chain and logistics experience including roles at Deutsche Post and DHL. 

ABC's Peter Ryan says Mr Graham's appointment comes as Christine Holgate prepares to give evidence to a senate inquiry into her controversial departure.

I spoke on ABC NewsRadio shortly after Mr Graham's appointment was announced.

And here's my analysis from The World Today.

Reserve Bank warns on real estate bubble and risks of "excessive borrowing". Monday Finance with Peter Ryan.

Australia's Reserve Bank ratchets up it's concerns about surging house prices warning that record low interest rates could encourage "excessive borrowing". 

The RBA says it's carefully monitoring risk-taking by banks as borrowers continue to rush into the red hot real estate market. 

ABC's Peter Ryan says Christine Holgate's appearance before a senate inquiry into her removal as Australia Post chief executive will be closely watched event amid claims of bullying inside the organisation.

Here's my analysis in RN Breakfast this morning.