The ASX is set to open lower after Wall Street's Nasdaq index fell 2.4 per cent. Meanwhile, RBA governor Michele Bullock will appear at Senate estimates after hotter inflation data increased the risk of a rate hike in November. Follow the day's financial news with insights from our specialist business reporters on our live blog.
New data from online job ad company Seek suggests the yearly change of the value of salaries added isWe'll delve more into it shortly, but there's an important — and weird — cultural caveat. Australian employers don't often put the salary on their job ads."So, most employers don't put the salary on the job ad. This is something we do advise employers to think about more carefully.
Why not? Especially in a tight labour market where people are looking to make more money to meet the cost of living?. "It's quite often in some organisations that newcomers will have different salary levels than the existing employees. So publicising that through the ad could create challenges internally for some companies or organisations."Read more about why wages are barely moving, below, including a chat with a Nobel Prize winner who wants you to earn more.Australian dollar: -0.7% at 63.10 US centsEuroStoxx 50: +0.2% to 4,073 pointsIron ore: +1.1% to $US117.
If that's not you, the new governor of the Reserve Bank will face some hard questions from 9.00am AEDT about the impact of central bank's year-and-a-bit of interest rate rises .slumped -2.4% overnight, falling −317.67 points to 12.822.21.lost -1.42% in value, shedding -60.2 points to 4187.48.
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