Unemployment rate jumps to 3.7 per cent The official labour force report reveals the jobless rate lifted to 3.7 per cent and around 4000 jobs were lost from the economy. The New Daily · May 17, 2023
New Zealand set to deliver no frills budget as election looms New Zealand is set to deliver what it calls a "no frills" budget on Thursday as falling tax revenues squeeze coffers and inflation risks cap cyclone reconstruction efforts, constraining stimulus as the Labour government faces an election this year. Reuters · May 17, 2023
Labor urged to return employment services to public sector amid warning over mutual obligations Union says compliance measures do more harm than good as Acoss analysis reveals they disproportionately affect vulnerable jobseekers The Guardian - AU · May 16, 2023
Strike-hit education and health sectors struggling to recruit staff says report Both sectors have been hit by strikes for several months in bitter disputes over pay and staffing Wales Online · May 15, 2023
Strike-hit education and health sectors struggling to recruit staff – report Almost half of public sector employers surveyed expect significant problems filling vacancies to continue over the next six months. The Independent UK · May 14, 2023
OPINION - The Standard View: Without economic growth, there is no escape from the cost of living crisis The UK economy cannot get out of first gear. Data released by the Office for National Statistics shows growth was a negligible 0.1 per cent in the first quarter of the year, with output falling by 0.3 per cent in March alone. Evening Standard · May 12, 2023
Too early to sound the all-clear as impact of UK rate rises yet to be felt There are some signs that headwinds are easing but economy still looks fragile The Guardian - UK · May 12, 2023
UK economy grows slightly in first quarter but slumps unexpectedly in March THE UK economy marginally grew over the first quarter of the year, according to official data, despite an unexpected slump in March. The National (Scotland) · May 12, 2023
Rishi Sunak ‘may fall short on pledge to halve inflation in 2023’, top think tank warns The National Institute of Economic and Social Research reckons inflation will to fall to 5.4% by the end of the year Evening Standard · May 11, 2023
RBA research finds Australia has up to an 80 per cent recession risk to get inflation under control Previously unpublished internal research from the Reserve Bank estimates that Australia's risk of recession over this year and next could be as high as 80 per cent. ABC News · May 11, 2023
Leaders navigating an uncertain world Business leaders across the globe are regularly asking themselves some form of the following four questions: Bangkok Post · May 10, 2023
Coalition may support Labor’s cost of living measures Cost of living measures helping struggling Australians with soaring energy and health costs in Labor's second budget may be supported by the coalition. The New Daily · May 10, 2023
PM maintains ‘we’re the party of aspiration’ – as it happened This blog is now closed. The Guardian - AU · May 9, 2023
Budget spends big on support but won't make much difference to poverty The 2023 federal budget has a strong emphasis on the cost-of-living, with a A$14.6 billion plan designed to help Australians who are “under the pump”. The Conversation · May 9, 2023
The Conversation · May 9, 2023 Budget 2023: Budgeting for difficult times is hard – just ask Chalmers Surplus or not, the budget papers show us living through pretty awful times.
Al Jazeera · May 9, 2023 Australia flags first annual budget surplus in 15 years Treasurer Jim Chalmers says country is on track for first surplus since the global financial crisis in 2008.
ABC News · May 9, 2023 What time is the 2023-24 federal budget? Here are the key things to watch for and what 'budget surplus' means While the federal government has already announced several measures ahead of the big moment on Tuesday night, the full details don't drop until then. Here's a quick guide to get you up to speed with what's happening and what to watch out for.
The Independent UK · May 9, 2023 Australia forecasts first annual budget surplus in 15 years The Australian government has forecast the nation’s first balanced annual budget in 15 years but warns that economic pressures such as inflation will push the country into deeper debt in future years
The Guardian - AU · May 8, 2023 Jobseeker must be substantially raised in the budget – and there’s a simple way to pay for it If the stage-three tax cuts were only temporary, there would be no need to delay lifting support for those who need it most
The Guardian - AU · May 8, 2023 Inside the Canberra bubble: what happens in the federal budget media lock-up? Are you actually locked up? Is it stressful? Do you have internet access? Amy Remeikis answers all your burning budget questions
The Guardian - AU · May 8, 2023 Jim Chalmers to announce first surplus in 15 years in 2023 federal budget Albanese government’s first full-year budget benefits from higher commodity prices, low unemployment and wage growth
The Guardian - AU · May 7, 2023 Fears relief could add to inflationary pressures – as it happened This blog is now closed.
The New Daily · May 5, 2023 Workers to get real wage lift ahead of schedule Australian workers can expect to see their pay packets growing faster than consumer prices by early next year. An improvement in real wages, which
The Conversation · May 5, 2023 Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates.
The Independent UK · May 4, 2023 White House warns of catastrophic recession if US defaults on debt The White House says a default would cause a self-perpetuating crisis because the government couldn’t borrow money to help Americans deal with the resulting recession