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Australian Economy
Australia’s job market is weaker than it looks
The Australian Bureau of Statistics (ABS) has released the May labour force report, which reported a steady unemployment rate of 4.1% despite the loss of 2,500 jobs.
Leith van Onselen
23 days ago
2
Australia is a R&D wasteland
Australia’s annual R&D spending has also fallen to only 1.68% of GDP, well below the OECD average (3%) and the lowest among developed nations.
Leith van Onselen
23 days ago
22
7 Ways natural ventilation will save your business money
Running a business in Australia means pinching every penny.
Mr. Muzz
23 days ago
Australia’s job boom turns bust
Australia’s unemployment rate is currently 4.1%, a historically low figure. The low unemployment rate has been driven by the boom in non-market (government-funded) roles, such as those related to the NDIS.
Leith van Onselen
23 days ago
11
Australia’s colossal boom in government-funded jobs
Harry Ottley, economist at CBA, has written an excellent report on the Q1 2025 Labour Account from the Australian Bureau of Statistics (ABS), which illustates the extraordinary growth in non-market (government-aligned) jobs.
Leith van Onselen
24 days ago
4
Australia’s immigration economy is no longer working
Treasurer Jim Chalmers has declared war on Australia’s poor productivity growth, which has slumped to developed-world lows.
Leith van Onselen
24 days ago
35
Leading index sinks below the waves
Westpac with the note.
David Llewellyn-Smith
24 days ago
Why Australian manufacturing has no future
Australia’s manufacturing sector hit a record low share of GDP in the latest Australian Bureau of Statistics (ABS) national accounts.
Leith van Onselen
24 days ago
13
Sometimes less is more with taxation
According to The Guardian, Australia’s tobacco excise rate has tripled in the past decade, from 46c to $1.40 per cigarette, accounting for $28 of the average $40 price for a packet of 20 cigarettes.
Leith van Onselen
25 days ago
4
Which state is being ‘dudded’ on GST?
The Commonwealth Grants Commission (CGC) reduced Queensland’s share of goods and services tax (GST) revenue by $2.4 billion in March due to the state’s strong revenue from coal royalties.
Leith van Onselen
25 days ago
1
Australia should not fear population ageing
Policy makers and economists are concerned that the retirement of the Baby Boomer generation and an ageing population could see the nation’s workforce heavily diminished in the future.
Leith van Onselen
26 days ago
4
Renewable projects turn into giant financial sinkholes
Anybody who believes that meeting Labor’s 82% Renewable Energy Target (RET) by 2030 is achievable or affordable is delusional.
Leith van Onselen
26 days ago
34
Israel and Iran same old, same old?
Markets are half-panicked by the latest Middle East war.
David Llewellyn-Smith
26 days ago
10
Abolish EV subsidies
I am philosophically opposed to taxpayers providing subsidies for private car transportation. Most of these subsidies flow to higher-income earners. Therefore, these subsidies serve as a prime example of the reverse Robin Hood phenomenon, where the rich benefit at the expense of the poor. Electric vehicle (EV) subsidies are exceptionally costly and egregious.
Leith van Onselen
26 days ago
33
The economic week ahead
By Belinda Allen, Senior Economist at CBA The CommBank Household Spending Insights index lifted by 0.5% in May after a flat outcome in April.
Leith van Onselen
27 days ago
4
$8 coffees will bankrupt cafes
Australia’s cafe industry is on the verge of collapse.
Leith van Onselen
29 days ago
15
Victoria is headed for energy Armageddon
The Victorian government has set a delusional target to deliver 95% renewable energy by 2035. These targets are legislated in the Renewable Energy (Jobs and Investment) Act 2017 (Vic), namely: 25% by 2020 (achieved) 40% by 2025 65% by 2030 (previously 50%) 95% by 2035 (new).
Leith van Onselen
29 days ago
9
“Scarred” households refuse to spend
Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS), revealed that real per capita home consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak.
Leith van Onselen
30 days ago
5
No, Australia won’t “run out of workers”
The “Stats Guy”, Simon Kuestenmacher, is a well-known immigration shill.
Leith van Onselen
30 days ago
8
Australia desperately needs reliable baseload power
Leith van Onselen
30 days ago
20
Australia is a housing bubble with an economy attached
The Australian Bureau of Statistics (ABS) released data on Australia’s housing stock, which was valued at a record $11,366 billion as of Q1 2025, equating to $1,002,500 per dwelling.
Leith van Onselen
1 month ago
27
Australian inflation dives
The official Q1 CPI inflation data from the Australian Bureau of Statistics (ABS) revealed that the policy-important trimmed mean inflation rate fell to 2.9% year over year, staying within the Reserve Bank of Australia’s (RBA) inflation target range of 2% to 3%.
Leith van Onselen
1 month ago
4
RBA ‘locked and loaded’ on July rate cut
According to Westpac, financial markets have now priced a 97% chance that the Reserve Bank of Australia (RBA) will reduce the official cash rate (OCR) at its monetary policy board meeting in July.
Leith van Onselen
1 month ago
Unproductive summit to fix no productivity
The Department of Redundancy Department is Albo’s core portfolio.
David Llewellyn-Smith
1 month ago
15
Has the Australian economy just cracked?
Leith van Onselen
1 month ago
30
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