Economy

HomeEconomy

Fewer people are working multiple jobs but the numbers remain historically high - Newsreel

Multiple jobs dropping in tighter market

Multiple job holding in Australia remains at a historic high despite a 1.2 percent fall in the June quarter. Figures released by the Australian Bureau of Statistics show

Growth data reflects 90s recession numbers

The Australian economy grew slightly last quarter, with the annual growth rate the lowest in more than 30 years, excluding the pandemic. Latest data from the Australian

Job ads fall as labour market finds balance

The number of employment ads in Australia has dropped by almost 30 percent since a post-pandemic peak in late 2022. The latest ANZ-Indeed Job Ads data showed a decline

Current account deficit balloons to $10.7b

Australia’s current account deficit is the largest in six years, according to the latest Australian Bureau of Statistics (ABS) data. ABS Head of International

High-rise apartments drive bounce in approvals

High-density apartments drove an almost 17 percent turnaround in building approvals across the country in July, despite Queensland’s numbers going backward. The latest

Rising cash distress in small business

Small business owners are feeling rising levels of distress as their cash flows are threatened by creditors becoming insolvent and their own ability to meet

Brisbane among Australia’s ‘youngest’ capitals

The population of Australia’s capital cities is, on average, more than four years younger than the rest of the country, with Brisbane the nation’s youngest State

Inflation eases despite fruit and vegetable pain

Inflation eased in July, with the monthly Consumer Price Index (CPI) at 3.5 percent, down from 3.8 percent in June, despite the largest annual jump in fruit and

Rate cut in Australia ‘as soon as Melbourne Cup Day’

By Peter Martin Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about

Regions grappling with bumpy growth transition

Queensland’s regions are in the grip of a transition that is challenged by housing shortages, the war for talent, education shortfalls and the need to manage

Subscribe to our newsletter

Newsletter