Monthly Archives: December 2012

Industrial Disputes–strike me pink

And now to round out the week’s economic data, Industrial Disputes. No doubt these’ll get a big run tomorrow in certain newspapers (a hell of a lot more than they gave the productivity figures, I’m guessing). First the long term … Continue reading

Posted in Australian politics, Economy, Industrial Relations, Productivity

Unemployment Rate in November falls to 5.2%

Well that was unexpected! Today the ABS released the Labour Force data which showed that in seasonally adjusted terms the unemployment rate fell from 5.4% to 5.2%. The fall is quoted as being a 0.1 percentage point fall, due to … Continue reading

Posted in Australian politics, Economy, Employment | 1 Comment

Australia’s Annual GDP Growth Falls to 3.1%

And so this wonderful week of economic data hit the peak today with the national accounts being released by the ABS (labour force and industrial disputes are out tomorrow). The September quarter figures should in seasonally adjusted terms, Real GDP … Continue reading

Posted in Australian politics, Economy, GDP

Banks: The Cash Rate and the Real Interest Rates

In my monthly round up of stuff to do with the RBA’s interest rate announcement I as a rule show this graph: Now I must admit that by itself it is a bit misleading. It suggests the banks are making … Continue reading

Posted in Economy, Interest rates | 6 Comments

RBA Cuts the Cash Rate to 3%

Today the RBA announced that it was cutting the cash rate by 25 basis points from 3.25% to 3.0%. This now puts the cash rate at the equal record lowest level. The cut was largely expected – so expected that … Continue reading

Posted in Australian politics, Economy, Interest rates