Category Archives: Economy

Unemployment State by State Picture

And so to the state situation on the labour force data. There’s a fair myriad of stuff you can look at – full-time v part-time, men v women. In the past I have examined some of these with respect to … Continue reading

Posted in Economy, Employment | 1 Comment

Australia’s Unemployment Rate ‘steady’ at 5.5%

Today the ABS released the May unemployment numbers. They showed that in seasonally adjusted terms Australia’s unemployment rate was steady at 5.5%, in trend terms it rose to 5.6%. It’s is steady in the fact that last month the ABS … Continue reading

Posted in Australian politics, Economy, Employment

Australia’s GDP grows by 0.6% in March, 2.6% for the past year

First the obligatory, “less than analysists” expected sentence. OK. Now onto the data. Yep, the ABS in the midst of the quarterly economic nerd week, released the national accounts today. Growth was below trend. Even trend growth was below trend. … Continue reading

Posted in Economy, GDP, Industrial Relations, Productivity | 4 Comments

Drum Post– The Aussie Dollar goes down and up and… ?

My Drum piece this week looked at the exchange rate and how it really is a bugger of a thing to predict – especially when you try and apply economic principles to it. Given it has only got 64 comments, … Continue reading

Posted in Economy, Exchange Rate, The Drum | 1 Comment

Unemployment Rate: State v State (Or don’t be a woman in QLD)

As we move into State of Origin season let’s check out the employment situation on a state by state basis. First let’s check out the employment growth in April in seasonally adjusted terms. It’s always a bit iffy to look … Continue reading

Posted in Australian politics, Economy, Employment | 2 Comments

Australia’s Unemployment Rate down to 5.5%

Last month when the unemployment rate rose to 5.6% I summarized it saying: And that’ll do use for another month. Not great – 5,6% is certainly above where you’d like to be, but the trend of 5.5% at least gives … Continue reading

Posted in Economy, Employment | 1 Comment

Drum Post–Dodgy Graphs and Easy Markers

My Drum post today looks at some of the pretty misleading graphs being used on political parties websites. I suggest that when you start seeing these graphs you really need to put on your sceptical hat because there’s often a … Continue reading

Posted in Australian politics, Economy, The Drum | 6 Comments

RBA drops cash rate to 2.75% (or How do you like those record lows?)

In a move which I didn’t see coming, the RBA today cut the cash rate by 25 basis points to 2.75%. It came on the back of poor economic data such as today’s goods and services trade data which showed … Continue reading

Posted in Economy, Interest rates | 2 Comments

Drum Piece–Budget: Not all declines are declines

My Drum piece this week looked at the announcement of a $12b fall in expected revenue and the claims and counter claims about what this means about revenue and the budget. As a general rule I hate it when people … Continue reading

Posted in Australian politics, Budget, Economy, Taxation | 5 Comments

Australia’s March Inflation – Down Down, Prices are Down…..

The CPI figures for the March quarter were released today by the ABS, showing a next to nothing change of 0.1% in seasonally adjusted terms (0.4% in the original data, if you like that sort of thing). This means in … Continue reading

Posted in Australian politics, Economy, Inflation | 4 Comments