Continued strong demand for skilled workers backs economists’ predictions that the latest jobs figures will show the unemployment rate below four per cent for the first time in nearly 50 years.
THE BIG PICTURE
* With the COVID-19 pandemic, flooding and Ukraine-Russia war creating headwinds, Treasurer Josh Frydenberg is emphasising the “fiscal dividend of a stronger economy”.
* Budget deficit estimated to be around $70 billion, instead of the $98.9 billion estimated in the mid-year budget review in December 2021
Volatile cryptocurrencies are not for the faint-hearted.
Some buyers even have them tattooed.
The world’s dominant cryptocurrency Bitcoin is the most inked, according to research by industry platform Crypto Head.
Bitcoin is well ahead of second and third placegetters in the tattoo stakes – #dogecointattoo and #ethereumtattoo, according to the analysis of Instagram hashtags and Google search volumes.
The past week saw share markets rebound helped by optimism about a peace deal in Ukraine, a fall back in oil prices, relief that the Fed’s first rate hike was broadly as expected with the Fed seeing the US economy as strong and indications that China will provide more policy stimulus partly to combat covid related lockdowns.
