Economy

HomeEconomy

Update to Australian Core Skills Occupation List

Calling all goat farmers, print journalists and tour guides. Australia needs you. The trio of professions are among the more than 450 occupations listed on the Federal

City exodus to regions higher than during COVID

The COVID-induced stampede of city dwellers moving to the regions has not slowed, with Australia’s eastern states the major beneficiaries. The latest Regional Movers

$3.3 billion trade surplus lowest since 2018

Australia’s trade surplus fell to its lowest level in more than six years, as the country’s current account balance registered a deficit of $14.1 billion in the

AI not impacting job numbers or wages … yet

An OECD study has found that, so far, there is little evidence that artificial intelligence (AI) has reduced the number of jobs available or impacted wages. The latest

Apartment developments mask drop in housing approvals

Housing approvals have come off the boil, with a surge in apartment development approvals propping up the October numbers. The latest Australian Bureau of Statistics

Blitz on Gatton farms targets shadow economy

Federal Government officers have raided farms in Gatton, west of Brisbane, following reports of worker exploitation. Australian Taxation Office (ATO) Assistant

Energy use climbing again following pandemic lull

Australia’s net energy use has increased for the first time since before the pandemic. New figures from the Australian Bureau of Statistics (ABS) show 2022-23

Australia’s superannuation nest egg tops $4 trillion

Australians now have more than $4 trillion squirreled away in superannuation funds. The Australian Prudential Regulation Authority (APRA) Quarterly Superannuation

Cheap electricity keeps annual inflation rate stable

Annual inflation remained steady at 2.1 percent in October, supported by a continued fall in electricity prices. Australian Bureau of Statistics (ABS) head of prices

On Country training boosts remote workforce

A training program in the Northern Territory is creating a skilled local workforce to counter the tyranny of distance in Australia’s Top End. The program, run by

Subscribe to our newsletter

Our newsletter