UNSW FINSOC Presents: Subcommittee Recruitment 2023!
Are you looking to develop your professional and personal skills whilst being a part of an enriching and tight-knit community? Do you have an interest in finance, but have no idea what path to take? Look no further, FINSOC is the right place for you!
I spy with my little eye something beginning with D… 
FINSOC’s Director Meet & Greet is finally here. Your long-awaited chance to meet our friendly team of Directors and Execs has arrived.
Feeling a bit lonely or even hungry? Our Director Meet & Greet will ensure you leave with new friends 
and a satisfied appetite 
.
Unemployment rate increased to 3.7% in January
• The unemployment rate has jumped to 3.7% from 3.5% in January due to more than 11,500 people losing work, according to data released by the ABS last Thursday.
• The sharp drop in January was a result of a loss in 43,300 full-time workers, which was only partly offset by a 31,800 rise in part-time employment.
RBA raises rates, and expect further increases will be needed
• In the first Tuesday board meeting of 2023, the RBA has raised the official cash rate by 25 basis points to 3.35%, the highest level in over a decade.
• RBA governor Phillip Lowe affirms expectations of further rate rises and says “the Board expects that further increases in interest rates will be needed over the months ahead” to stabilise high inflation.
Fear of Contagion as Adani Group accused of Fraud
• Since the release of the Hindenburg report which accuses the Adani group of the “greatest fraud in economic history”, the Indian industrial conglomerate has lost over $140 billion in market value.
• The group faces allegations of various fraudulent activities including “brazen stock manipulation”, breach of shareholder disclosure laws and money laundering.
Official CPI higher than expected
• ABS reported 7.8% inflation over the year, coming in just under the RBA’s expected 8% forecasts.
• According to ANZ senior economist Catherine Birch, a “rate rise next month is almost certain” to curb inflation.
2023 T1 is approaching so start off the new term right by visiting 
FINSOC’s stall at O-week!
Learn more about your finance degree, career paths, general advice for uni, all while picking up some free merch! 
