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Ugly US jobs data just made stagflation a real risk for investors
Could you get a more Trumpian response? US jobs data scares the pants off financial markets, and US president Donald Trump responds by – checks notes – sacking the head of the Bureau of Labour Statistics, claiming the data was rigged to make the White House look bad. If it wasn't so serious, it would be funny. What Trump has missed is what economists have been warning about for ages: this data is becoming increasingly unreliable. Of the 70,000 companies that are surveyed for the official jobs data, it is estimated only 24,000 reply in time to pull together the monthly public report.
Sky News AU
27 minutes ago
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Victorian Premier launches push to make work from home legal right
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Perth Now
27 minutes ago
- Perth Now
WFH could become legal right
Working from home for two days a week could become a legal right in Victoria, under new plans proposed by Premier Jacinta Allan. The state government is promising to introduce the law — covering both public and private sectors — by next year, with it applying to anyone who can 'reasonably' carry out their work away from the office. Ms Allan will tell the annual state Labor conference: 'Working from home works for families and it's good for the economy. 'Day after day, unions are being contacted by workers who have been denied reasonable requests to work from home, and across the country, Liberals are drawing up plans to abolish work-from-home and force workers back to the office and back to the past. 'That's why the Allan Labor government is acting. Enshrining work from home in law means this life-changing practice isn't something you or your loved ones have to politely ask for. It's a right you'll be entitled to.' Victorian Premier Jacinta Allan is set to announce the law on Saturday. NewsWire / Nadir Kinani Credit: News Corp Australia She will add that a consultation will take place on the proposed Australia-first law, but added it won't determine if the plans should go ahead. 'We're already clear on that: it should be. We just need the appropriate laws to reflect it,' she said. Ms Allan said the new policy is aimed directly at supporting families, promising average savings of $110 per week, or $5308 annually in commuting costs. 'Work from home supports women with children, carers and people with a disability to work,' Ms Allan said. 'Thanks to work from home, workforce participation is 4.4 per cent higher than before the pandemic.' The legislation is expected to be introduced later this year. The move follows significant debate about work from home policies during the federal election, with Peter Dutton forced to backtrack on a proposed policy to limit remote work for public servants due to public backlash.
