Economy

Women shaking hands in meeting. | Newsreel

Unemployment and hours worked on the rise

Australia’s unemployment ranks grew by 21,000 in March but the underlying labour market trends remain stable. Figures released by the Australian Bureau of Statistics
Read more 18 April 2024
Woman eating chocolate. | Newsreel

Chocolate eating rises, fresh food declines

Australians have turned to chocolate over the past five years as vegetable, fruit and milk consumption drops. The latest Australian Bureau of Statistics food consumption
Read more 18 April 2024
Person welding. | Newsreel

Manufacturers rebound but face labour challenges

Australian manufacturers have rebounded strongly from the pandemic, but labour supply pressures are inhibiting future growth. The Australian Industry Group’s
Read more 18 April 2024
Worried woman and child gaze out window. | Newsreel

Wealth divide grows as housing gap widens

The wealthiest Australians lifted their net worth by 84 percent over the past 20 years as the gap between rich and poor continued to grow. Research released today by the
Read more 18 April 2024
Aerial shot of housing. | Newsreel

Rental strain on family budget at record levels

The portion of income needed to service rental payments is closing in on a third for most Australians, as unaffordability hits record levels. The latest ANZ CoreLogic
Read more 17 April 2024
Solar farm. | Newsreel

Energy projects must deliver for communities

Future renewable energy projects in Queensland will need to adhere a new code of conduct to ensure the current and future needs of communities are fully considered. The
Read more 17 April 2024
Speakers at the AFI policy leaders forum. | Newsreel

Dire skills shortage looms without new job pathways

Queensland is facing a “dire” shortage of skilled labour over the next 20 years without a radical overhaul of education and training pathways. The leaders of two
Read more 17 April 2024
Asian woman in rock pool. | Newsreel

Inflation shocks torpedo super-low interest rate era

A leading global economist has warned that inflation shocks may become more frequent and the era of “super-low” interest rates is probably over. HSBC Global
Read more 16 April 2024
Farmer in the field. | Newsreel

Farming action needed to avoid major profit decline

The Australian farming industry has been warned that it requires urgent action to avoid a 50 percent decline in profitability over the next 30 years. The CSIRO’s
Read more 16 April 2024
Workers high five in office. | Newsreel

Banks rank highly in advancing employees

Two of Australia’s biggest banks have been named the country’s best employers, based on data analysed by social media platform LinkedIn. The Commonwealth Bank and
Read more 16 April 2024