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MacroBusiness Thursday, May 15, 2025 - 13:13 Source

After Australia’s Q1 wage growth result was in line with the Reserve Bank of Australia’s (RBA) forecasts, the April labour force report produced an unemployment rate broadly in line with expectations: As summarised by Alex Joiner from IFM Investors below, the result was stronger than the headline suggests. While the unemployment rate was steady at

The post Aussie unemployment hits RBA target appeared first on MacroBusiness.

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Renew Economy Thursday, May 15, 2025 - 12:55 Source

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MacroBusiness Thursday, May 15, 2025 - 12:30 Source

Unlike some economists, I believe that tariffs can be a useful tool in protecting strategic industries to keep alive certain capacities that are essential to the freestanding nature of any self-sustaining society. I could even live with something like a universal tariff, such as Trump’s 10%, though I would make it lower so it could

The post Has the child president fixed US industry? appeared first on MacroBusiness.

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MacroBusiness Thursday, May 15, 2025 - 12:05 Source

Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and special guest economist Cameron Murray unpack the downsides of superannuation as a pension supplement—and explore the broader social issues it creates. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment

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MacroBusiness Thursday, May 15, 2025 - 12:00 Source

Statistics New Zealand has released data showing that net overseas migration (NOM) decreased to 26,400 for the year ending March 2025, a decline from 100,400 in the year ending March 2024. “The fall in net migration in the March 2025 year was mainly due to fewer migrant arrivals, although departures also rose to a provisional

The post Young Kiwis are fleeing New Zealand appeared first on MacroBusiness.

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MacroBusiness Thursday, May 15, 2025 - 11:30 Source

Climate Change and Energy Minister Chris Bowen wants to double down on the rollout of offshore wind farms, ­renewables, and the phase-out of coal-fired power plants. Bowen claims that Labor’s landslide election victory, where it only secured 34.7% of the primary vote, was a rejection by voters of anti-­climate action “noise”. “Peter Dutton described the

The post Bowen doubles down on ‘net zero’ insanity appeared first on MacroBusiness.

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Renew Economy Thursday, May 15, 2025 - 11:11 Source
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Renew Economy Thursday, May 15, 2025 - 11:05 Source
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MacroBusiness Thursday, May 15, 2025 - 11:00 Source

The Australian Bureau of Statistics (ABS) released housing finance data for Q1 2025 showing that the value of new housing lending declined by 1.6% in Q1, taking the rate of annual growth down to 14.2%. This was the first quarterly decrease since Q1 23, driven by a fall in lending to owner occupiers (-2.6%/qtr) and

The post Australia’s housing upturn “losses momentum” appeared first on MacroBusiness.

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Your Democracy Thursday, May 15, 2025 - 10:50 Source

Our top civil servants are being paid exceptionally well by international standards and much more than our Prime Minister, let alone the ministers to whom they are answerable. Time for change, Rex Patrick says.

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MacroBusiness Thursday, May 15, 2025 - 10:30 Source

Fast and furious RSI across equity indexes has gone from extremely oversold to now hitting very overbought levels. RSI levels from the top: SPX, NDX and SOX. Source: LSEG Workspace Panic buying These are huge numbers. Forced chasing at its best. Goldman’s prime data from yesterday: 1. Global equities, second largest net buying day in 5

The post Stocks rampage into the void appeared first on MacroBusiness.

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MacroBusiness Thursday, May 15, 2025 - 10:00 Source

The latest batch of data suggests that Australia’s labour market continues to ease gradually. SEEK’s latest employment report shows that job ads continue to trend lower and applications per job ad higher: SEEK’s data continues to point to a rising unemployment rate: As Justin Fabo from Antipodean Macro shows below, all measures of job ads

The post Australia’s labour market eases gradually appeared first on MacroBusiness.

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MacroBusiness Thursday, May 15, 2025 - 09:30 Source

DXY is grinding higher. AUD fell. Lead boots are doing OK. Gold’s shakeout contines. Metals revert to mean. Miners yawn. EM yawn. Junk yawn. Yields are not co-operating. Stocks short squeeze from hell. Morgan Stanley has a crack. This weekend’s US-China trade news has further bolstered the USD’s correction, pushing EUR/USD below our 1.11 re-assessment

The post Australian dollar whipped by greenback appeared first on MacroBusiness.

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The Tally Room Thursday, May 15, 2025 - 09:30 Source

My last few booth maps have been focused on the non-classic races – the Greens in Melbourne, and the teals in Melbourne, Sydney and Perth. But a big part of the story was Labor routing the Coalition in traditional urban marginal seats, particularly those on the edges of cities, with the ultimate symbol being Peter Dutton’s defeat in Dickson.

So today I’m looking at two groups of three LNP marginal seats – three on the northern outskirts of Brisbane, and three to the south. In each of these clusters, two of the three seats were lost to Labor, with the third seat holding on.

First, let’s look at the northern map.

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Renew Economy Thursday, May 15, 2025 - 09:26 Source
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Cheeseburger Gothic Thursday, May 15, 2025 - 08:16 Source

I found this bit on ZDNet about a Harvard study on genAI use kind of interesting. Boiled down, it says generative AI in the workplace improves people’s work but erodes their motivation and engagement. There are numbers! Apparently. the psychological toll from a loss of agency and control over cognitively demanding tasks results in an 11% drop in intrinsic motivation and a 20% increase in boredom.

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MacroBusiness Thursday, May 15, 2025 - 08:00 Source

The latest data from the Department of Education shows that a record 1.1 million international students were enrolled in Australia at the end of 2024, nearly 250,000 higher than the 2019 pre-pandemic peak: The number of graduate visas on issue hit a record high of 222,200 in Q1 2025, more than double the 2019 pre-pandemic

The post International students flock to Australia appeared first on MacroBusiness.

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MacroBusiness Thursday, May 15, 2025 - 00:32 Source

If you’re starting a new venture or looking to improve how your business handles money, having the right business bank account can make all the difference. Aside from being a place to store your cash reserves, it can also be used as a tool to make your day-to-day operations easier, streamline your bookkeeping, and even

The post The essential guide to choosing a business bank account appeared first on MacroBusiness.

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MacroBusiness Thursday, May 15, 2025 - 00:05 Source

Wednesday’s Q1 2025 wage price index from the ABS recorded a slight rebound, with wages growing by 0.9% over the quarter and by 3.4% annually: Public sector enterprise agreements drove the rebound in wages. These drove more than half (54%) of the total quarterly wage increase. Real wages remained in the gutter, tracking 6.1% below

The post The shocking collapse of Australian real wages appeared first on MacroBusiness.

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Renew Economy Wednesday, May 14, 2025 - 17:14 Source
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Renew Economy Wednesday, May 14, 2025 - 17:09 Source
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Prosper Australia Wednesday, May 14, 2025 - 17:01 Source
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MacroBusiness Wednesday, May 14, 2025 - 16:31 Source

  AUD/USD   EUR/USD   USD/JPY   GBP/USD   Gold   WTI   Brent   Australia 200   US S&P 500   UK 100   Japan 225        

The post Macro Afternoon: 14 May 2025 appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, May 14, 2025 - 15:15 Source

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Renew Economy Wednesday, May 14, 2025 - 15:12 Source
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Renew Economy Wednesday, May 14, 2025 - 14:55 Source
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Renew Economy Wednesday, May 14, 2025 - 14:47 Source
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Renew Economy Wednesday, May 14, 2025 - 14:05 Source
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MacroBusiness Wednesday, May 14, 2025 - 14:00 Source

Via Roy Morgan. In April 2025, Australian ‘real’ unemployment increased 176,000 to 1,780,000 (up 1% to 11.2% of the workforce) with more people joining the workforce and overall employment dropping in April. The expansion in the workforce was the main driver of the increase in unemployment with 156,000 people joining the workforce lifting the number

The post Roy Morgan unemployment trends up appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 14, 2025 - 13:30 Source

A few weeks back, amid the turmoil of the Trump Administration’s “Liberation Day” tariffs, the futures market was pricing five more rate cuts this year. Earlier this week, the US and China agreed to massively reduce tariffs for 90 days while they negotiate a longer-term deal. US tariffs will be lowered to 30% (from 145%)

The post Markets cool on RBA rate cuts appeared first on MacroBusiness.

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