Good luck with telling voters they are better off than a few years ago

Good luck with telling voters they are better off than a few years ago

Even if wage growth does improve, it will probably go up by less than expected

The Guardian - AU

Australia's central bank more upbeat on growth, but still no rush on rates

Australia's central bank more upbeat on growth, but still no rush on rates

SYDNEY (Reuters) - Australia's central bank is sounding more upbeat about a pick-up in economic activity, but high household debt and slow wage growth mean interest rates are set to stay at all-time lows for some while yet, minutes of its June policy meeting showed on Tuesday.

Powell's Puzzling U.S. Labor Market Looks Somewhat Like Japan's

Powell's Puzzling U.S. Labor Market Looks Somewhat Like Japan's

U.S. policy makers for years sought to avoid what they saw as the Japanese disease of a deflation-wracked, depressed economy. But now Federal Reserve Chairman Jerome Powell seems to be hoping that the U.S. has grown a bit like Japan in one key respect: the jobs market.

With unemployment low, wages will start growing – won't they?

Unfortunately, right now underemployment is a better predictor – and it’s at 8.5%

The Guardian - AU

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New Zealand's GDP growth seen cooling as housing, immigration slow

WELLINGTON (Reuters) - New Zealand's economic growth is expected to have slowed further in the first quarter, falling short of central bank expectations and underscoring the case for keeping interest rates on hold for a considerable time, according to a Reuters poll.

Labour to set Bank of England productivity target under radical proposals

BoE and government would sign accord laying out how they would meet a new 3% annual productivity growth target

The Independent UK