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BIZARRE: 3 - You Need To See This

One job for every two unemployed: Hunter labour market tighter than NSW

The Hunter has one job vacancy for every two unemployed people, offering "little wiggle room" for companies looking for skilled staff. The Hunter's April unemployment rate was 3.1 per cent, almost a full point below the state and national levels, according to the Australian Bureau of Statistics. Business Hunter chief…

Newcastle Herald

Pressure coming off RBA as jobs market loses some heat

The Australian workforce is expanding faster than employers are opening up new positions, which should help the Reserve Bank in its fight against inflation.

AAP

Australia’s inflation rate slows less than expected to 3.6%, dimming hopes of interest rate relief

Economists had tipped CPI growth for the March quarter of 0.8%, and an annual inflation rate of 3.5%

The Guardian - AU

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Slow progress on inflation tempers interest rate hopes

Australia's annual inflation rate has sunk to a two-year low but is slightly above expectations, which might lengthen the wait time for rate cuts.

AAP

Jobs market holds ground despite rise in unemployment

The official jobs data was more subdued in March as widely expected following a surprisingly strong February result.

AAP

Inflation holds steady but services prove stubborn

Consumer prices are growing at the same annual pace as last month, with Taylor Swift concerts fuelling a minor uptick in hotel prices in the big cities.

AAP

Big city competition shows in population gains

More Australians are calling Melbourne home than any other national city according to a new report released by the Australian Bureau of Statistics (ABS).

AAP

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As unemployment drops, so too do expectations of an RBA interest rate cut in the coming months

Michele Bullock has made it clear that curbing inflation remains top priority, but the numbers point to a labour market that isn’t easing as fast as predicted

The Guardian - AU

Interest rate rise unlikely after sluggish quarter of GDP growth, Australian economists say

Spending on Taylor Swift concerts defies pattern of consumers tightening their belts, with CBA predicting a September rate cut

The Guardian - AU

How many cattle are there in Australia? We may be out by 10 million

Official estimates from the Australian Bureau of Statistics put the national herd at 26 million but a University of Queensland study says there could be up to 35 million

The Guardian - AU

Home price upswing not 'typical recipe' for rate cuts

Confidence may be returning to the housing market due to rate cut speculation but one economist says rising home values could keep the Reserve Bank wary.

AAP

Retail sales rebound but spending appetite is weak

The consumer sector is clearly in pain and prioritising discounted goods, making it a difficult time to be a discretionary retailer.

AAP

Australian shares finish flat as inflation eases

The local share market has closed essentially unchanged after a cooler-than-expected inflation readout reinforced the case that the RBA is done with rate hikes.

AAP

Rent regulations are no silver bullet, but they would help make renting fairer

Virtually every week brings news of rising rents or a story of still more renters forced out of their homes by unmanageable rent increases.

The Conversation

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Pedestrian.tv

1 In 3 Young Aussies Are Drinking Excessively, A New Report Into Our Pisshead Culture Confirms

One in three young people are drinking excessively, the Australian Bureau of Statistics has revealed, as a report shines a light onto Australia's drinking culture.

AAP

Promising jobs data fuels hopes of soft landing

Despite a higher-than-expected 61,000 jobs being added to the economy in November, the jobless rate lifted to 3.9 per cent.

The Conversation

The 7 charts that show Australians struggling as saving falls to near zero

The national accounts released by the Australian Bureau of Statistics show economic growth slid to a measly 0.2% in the last quarter.

The Conversation

Australia's inflation rate now starts with a 4, allowing the RBA to hold fire on rates

Australia’s inflation rate has dived from 5.6% to 4.9% in October, pushing it below 5% for the first time in 20 months.

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AAP

Easing inflation takes heat off interest rate rises

Cooling inflation figures have improved the chances of the Reserve Bank keeping interest rates on hold.

AAP

Retail sales dip as shoppers hold off for Black Friday

Consumers hit the pause button on spending in the lead up to the Black Friday sales period, official retail trade data suggests.

The Conversation

Petrol is holding up inflation – the 7 graphs that show what's happening to prices and what it will mean for interest rates

Today’s figures from the Australian Bureau of Statistics show inflation fell in the September quarter for the third consecutive quarter.

The Guardian - AU

Australia’s jobless rate fell to 3.6% in September despite 40,000 full-time jobs being shed

Unemployment rate was 3.6% in September compared with reported 3.7% in August, the Australian Bureau of Statistics says

The Canberra Times

Gender questions among 'strong' contenders for the 2026 Census

Check what is likely in and what may be out of the next Census.

AAP

Advocates slam politicians for failure on homelessness

The Australian Bureau of Statistics has released Census data estimating more than one in five people experiencing homelessness identifies as Indigenous.

The Conversation

Closing the First Nations employment gap will take 100 years

In 2008 Australia’s federal, state and territory governments set the goal of halving the employment gap between First Nations Australians and others within a decade. That required, by 2018, lifting the employment rate for First Nations Australians from 48% to 60%, with the rate for other Australians being 72%.

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