Economy

Women shaking hands. | Newsreel

Unemployment rate drops to 3.9 percent

Australia’s unemployment rate has dipped below 4 percent as a “higher than usual” number of unemployed people found work in November. Th latest Australian Bureau
Read more12 December 2024
Billy Bob Thornton in Bad Santa - Newsreel

Christmas warning on festive fraud frenzy

Consumers have been warned to be alert to scams over Christmas as a festive fraud frenzy grips the marketplace. The NGM Group, which operates the Greater Bank and
Read more12 December 2024
Construction is lifting in Queensland but not fast enough - Newsreel

Target to address housing crisis ‘out of reach’

The State Government’s new dwellings target “remains out of reach” and regulatory reforms are necessary to address the issue, a peak construction group
Read more11 December 2024
Inflation graphic. | Newsreel

Rates on hold. What the RBA Board said

Statement from the Reserve Bank Board At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 percent and the interest rate paid on
Read more10 December 2024
Sun shining on solar panels. | Newsreel

Renewables drive down turnover for electricity suppliers

An abundance of renewable energy supply led to an almost 10 percent drop in turnover for electricity supply businesses in October. The latest Australian Bureau of
Read more10 December 2024
Gunggandji-Mandingalbay Yidinji Peoples Prescribed Body Corporate Aboriginal Corporation

FNQ business nation’s best small employer

A Far North Queensland First Nations business has been named the country’s best small employer at the Australian Training Awards. Yarrabah-based
Read more10 December 2024
Mobile phone payment. | Newsreel

500 million mobile wallet payments in one month

Australians made payments worth more than $20 billion through mobile wallets in October. Australian Banking Association CEO Anna Bligh said the latest Reserve Bank of
Read more10 December 2024
Traveller at airport. | Newsreel

Extra pressure on visitor numbers to Australia

Projected international visitor numbers to Australia have been revised down as geopolitical, economic and environmental issues combine to take some of the sheen off
Read more10 December 2024
Queensland will need thousands of extra workers for the large major projects pipeline - Newsreel

Construction pipeline requires 20,000 extra workers

Another lift in the construction pipeline for Queensland will create demand for more than 20,000 extra jobs over the next two years. The Queensland Major Projects
Read more10 December 2024
Woman with sore wrist at work. | Newsreel

Growing arthritis numbers to impact workforce

Almost 5.5 million Australians will be living with arthritis by 2040, placing a $11.9 billion strain on the health system and impacting national productivity. A new
Read more10 December 2024