Australian Economy

Cross-posted from The Conversation: As technology advances and changes our economy, young jobseekers will bear the brunt of changes in the labour market.

By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for November, which continued to show a trend rise in the number of inbound tourists, with Chinese arrivals continuing to boom.

Cross-posted from The Conversation: Over the last few years, we’ve seen a massive shift in the way we work.

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of November, which registered a small rise in annual immigration.

By Leith van Onselen Back in July 2016, Consolidated Land and Rail Australia (CLARA) Pty Ltd – an Australian private group – launched a long-term plan to deliver high speed rail between Sydney and Melbourne.

By Leith van Onselen Happy new year to everyone.

By Leith van Onselen In what will be almost a year to the day after the last vehicle rolled-off Ford’s Broadmeadows assembly plant, Holden announced over the weekend that it will shutter its Elizabeth assembly plant on 20 October 2017, ending 69-years of local production.

From the Washington Post another kicking for Millennials. A number of analysts are looking at lower returns for investments over the next 20 years than the last 20 years (I broadly agree).

Cross posted from The Conversation Phil Lewis Professor of Economics, University of Canberra Over the last few years, we’ve seen a massive shift in the way we work.

The monotonous tone from local economists is that rising house prices means rising wealth for all Australians.

Cross posted from The Conversation by Flavio Menezes Professor of Economics, The University of Queensland In the midst of the debate around whether Australia is correctly taxing miners, Paul Cleary provides a well-researched and written account of Norway’s approach to the development of its oil resources since the 1960s in his book Trillion Dollar Baby.

Retail trade figures for November are out this morning from the ABS, and its a big miss with only a 0.2% headline rise, when economists were expected double that for a bullish Christmas retail trade period.

Crossposted from The Conversation by Viet Nguyen Senior Research Fellow in Applied Macroeconomics, University of Melbourne Consumers are key players in the economy, they purchase goods and services, supply labour and make savings and investment decisions.

Cross posted from The Conversation by Liz Allen Postdoctoral Fellow, Centre for Aboriginal Economic Policy Research, Australian National University The Australian Census came under intense scrutiny in the wake of #censusfail.

Here’s one that stumped the economist’s predictions – a surplus!

Following in the footsteps of a stellar manufacturing PMI from Europe overnight, locally the AIG PMI was just release this morning, showing another month of expansion.

Strayan stupidity on display again today: Australia’s sugar industry may be the next flashpoint for a split within the federal Coalition ahead of the tabling of a Productivity Commission report that is understood to question the competitiveness and tax treatment of a sector that has also been at loggerheads with its biggest foreign investor.

The point of the phrase “the revolution will not be televised” is twofold.

From The Australian: Retailers have no reason to get their hopes up this Christmas, with new forecasts suggesting broadly flat trade as weak wage inflation and economic concerns put a clamp on gift budgets.