Yahoo Finance ASX up, Medibank class action and 6 other things to start your day
ASX: The local share market is expected to rise this morning after US stocks extended gains over the weekend.
Jobs galore: Australia's job market has proved more resilient to interest rate hikes and weakening economic conditions than any of the G7 countries.
Growth in employment outstripped the United States, France, Italy, Germany, Canada, Japan and the United Kingdom between May and November 2022.
Data drop: Speaking of the jobs market, Australia likely ended 2022 with another jobless rate below 4 per cent, according to financial market economists.
The December labour force report - due on Thursday this week - will follow several months of ultra-low unemployment rates reported by the Australian Bureau of Statistics.
Class action: Australian law firms have joined forces to run a class action against private health insurer Medibank after its customers’ personal details were stolen in a data hack.
Maurice Blackburn Lawyers, Bannister Law Class Actions and Centennial Lawyers have united to run the data-breach complaint against Medibank, which they said could secure compensation for as many as 9.7 million affected customers.
China travel: People in China are resuming travel ahead of the Lunar New Year despite worries about COVID-19 infections after Beijing dropped pandemic lockdowns.
Air passenger volumes in China have recovered to 63 per cent of 2019 levels since the annual travel season began.
Road works: Western Sydney motorists will be the winners of a new $1 billion state government roads package. The funds will go towards upgrades, safety improvements and a new bypass.
Part of the new builds are to improve evacuation routes in the wake of the past two years of flooding, which have left residents stranded at times or struggling to flee rising water.
Cash splash: A federal government cash injection for a new Queensland hydrogen hub will help carbon-intensive industries "thrive", Prime Minister Anthony Albanese said.
Albanese unveiled the $70 million investment - which the government expected would be matched by the private sector - for the Townsville Region Hydrogen Hub program.
Vapers: Public health experts have called for updated advertising laws to stop the promotion of vaping to young people on social media.
Experts weighed in on possible solutions to the youth vaping crisis ahead of a public consultation deadline on nicotine e-cigarette reforms.
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