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MacroBusiness Friday, June 20, 2025 - 10:00 Source

The monthly growth in Seek advertised salaries has shown hints of stabilisation but is still trending lower. I expect the fade to continue as the immigration-led labour market expansion economic model does its thing. I do not expect we’ll get back to last cycle’s lows because the Labor government is forcing more wage rises via

The post The boom in Adelaide bureaucrats appeared first on MacroBusiness.

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xkcd.com Friday, June 20, 2025 - 10:00 Source

We're getting a lot of complaints from commuters who were routed onto a coaster, but the theme park patrons who spent hours stuck on an intercity line are also not happy.

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Renew Economy Friday, June 20, 2025 - 09:55 Source
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MacroBusiness Friday, June 20, 2025 - 09:30 Source

DXY is holding on. AUD is breaking down somewhat. Lead boots are getting heavier. The Trump fool has unleashed oil. Metals no bueno. Miners far to fall yet. EM meh. Junk still OK. US markets were closed but the European tell is heading south fast. War is not complex. Credit Agricole. Investors remain on tenterhooks

The post Australian dollar bombed into submission appeared first on MacroBusiness.

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The Tally Room Friday, June 20, 2025 - 09:30 Source

Now that we have a complete two-party-preferred vote for all of Australia, we can look at the distribution of seat margins and swings across the country.

For this post, I have produced a number of charts which show the distribution of seats by two-party-preferred result, and also by two-party-preferred swing. I also attempt to chart out the two-candidate-preferred swings in non-classic seats, or at least those which have a valid swing compared to 2022.

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MacroBusiness Friday, June 20, 2025 - 09:00 Source

Another night dominated by central bank decisions contrasted with indecisions around the Israeli war on Iran with the Swiss bank cutting rates to zero while the BOE held fire, just after the Fed a few days ago, while the Trump regime again goes to the TACO truck when talking about non-existent negotiations with the Iranian

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, June 20, 2025 - 08:38 Source

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MacroBusiness Friday, June 20, 2025 - 08:00 Source

In September 2024, the Housing Industry Association (HIA) labelling the federal government’s failure to control immigration a “systemic policy failure” that “compounds the challenge of delivering sufficient housing”. “The underestimation of population growth is a systemic policy failure that compounds the challenge of delivering sufficient housing”, HIA chief economist Tim Reardon said. On Thursday, the

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Renew Economy Friday, June 20, 2025 - 06:35 Source

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Your Democracy Friday, June 20, 2025 - 05:35 Source

Israel’s strikes against Iran amount to US military action despite official denials from Washington, US Senator Ted Cruz has suggested. Tehran has accused America of complicity in Israel’s attacks on its nuclear infrastructure.

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Renew Economy Friday, June 20, 2025 - 05:11 Source
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Your Democracy Friday, June 20, 2025 - 04:57 Source

Turkish President Recep Tayyip Erdogan has condemned Israel’s aggression in Gaza and ongoing attacks on Iran, comparing Prime Minister Benjamin Netanyahu to Adolf Hitler.

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THE BLOT REPORT Friday, June 20, 2025 - 00:40 Source

I know that not a huge proportion of Americans know what is going on beyond the borders of the US, and this was brought home to me recently, when I was reading something about the massive No Kings protests in myriad cities and town across the US. One source I read estimated that about 13 million people demonstrated. All this happened while Trump held his military parade in honour of his own birthday, at which something like a few thousand people showed up to watch, some of whom were even there to protest against Trump, or at least to separate the 250th anniversary of the army’s creation from Trump’s 79th birthday.

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MacroBusiness Friday, June 20, 2025 - 00:05 Source

The Rudd/Gillard Labor government made the disastrous decision in the early 2010s to authorise LNG exports from Gladstone, Queensland, without forcing gas producers to first serve the domestic market. As a result of this policy blunder, East Coast Australia became the only gas exporting jurisdiction in the world without a domestic gas reservation policy. We

The post How Australians were robbed of their own gas appeared first on MacroBusiness.

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Renew Economy Thursday, June 19, 2025 - 17:42 Source
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The Tally Room Thursday, June 19, 2025 - 17:10 Source

It has barely been two weeks since the no confidence motion passed, and just over a week since the Tasmanian state election has been called, but the candidates are coming out of the woodwork very quickly.

I have now updated my election guide to feature those candidates announced so far.

The Liberal Party and Labor have now announced a full slate of 35 candidates. The Liberals finished announcing their ticket this afternoon, when they announced their last four candidates for Clark.

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Renew Economy Thursday, June 19, 2025 - 16:22 Source
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MacroBusiness Thursday, June 19, 2025 - 16:00 Source

The Israel-Iran war continues to dominate risk markets as the TACO-in-Chief threatens to join in with bunker busters over the weekend to eliminate the Iranian nuclear facilities. The USD is gaining strength against most  of the undollars with the Australian dollar losing ground on a relatively weak unemployment today, heading back below the 65 cent

The post Macro Afternoon appeared first on MacroBusiness.

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George Monbiot Thursday, June 19, 2025 - 15:45 Source

Protection should be the default state of the oceans.

By George Monbiot, published in the Guardian 13th June 2025

I have been saying this a lot recently: “At last!” At last, a mainstream film bluntly revealing the plunder of our seas. At last, a proposed ban on bottom trawling in so-called “marine protected areas” (MPAs). At last, some solid research on seabed carbon and the vast releases caused by the trawlers ploughing it up. But still I feel that almost everyone is missing the point.

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Renew Economy Thursday, June 19, 2025 - 14:16 Source
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Renew Economy Thursday, June 19, 2025 - 14:13 Source
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Renew Economy Thursday, June 19, 2025 - 14:02 Source
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Renew Economy Thursday, June 19, 2025 - 13:42 Source
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Renew Economy Thursday, June 19, 2025 - 13:32 Source

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MacroBusiness Thursday, June 19, 2025 - 13:30 Source

Liberal MP Garth Hamilton has called for sweeping changes to the tax system, arguing that it needs to be inclusive and support modern families. His suggestions for reform include introducing lifetime deductions on tax rates for mothers, in recognition of the fact that they often have lower salaries when they return to the workforce. Hamilton

The post Liberal MP fails on tax reform appeared first on MacroBusiness.

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Renew Economy Thursday, June 19, 2025 - 13:28 Source

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MacroBusiness Thursday, June 19, 2025 - 13:24 Source

ANZ with report. Australia’s annual greenhouse gas emissions declined 1.2% in the year ending March 2025, according to the National Greenhouse Gas Inventory. This follows a flat annual result over the year to December 2024. Excluding the land use, land use change and forestry4 (LULUCF) sector, annual emissions fell 1.0% in the year to March

The post Aussie carbon emissons fall, sort of… appeared first on MacroBusiness.

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MacroBusiness Thursday, June 19, 2025 - 13:00 Source

The blueprint for how to fix Australia’s tax system was spelled out 15 years ago by the Henry Tax Review. Unfortunately, both sides of government ignored its recommendations. Fast forward to today, and the federal budget is facing a decade of budget deficits amid the unwinding of commodity prices, the ageing population, and increasing spending

The post How Jim Chalmers should tackle reform appeared first on MacroBusiness.

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MacroBusiness Thursday, June 19, 2025 - 12:30 Source

The cartel is back, baby. And so are ludicrous electricity prices. Bowen is the great fiddler. The Australian. The Albanese government’s planned overhaul of household electricity price caps could put small energy retailers surviving on razor-thin profit margins out of business. Federal Energy Minister Chris Bowen confirmed the government would review the Default Market Offer

The post Bowen fiddles while energy burns appeared first on MacroBusiness.

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MacroBusiness Thursday, June 19, 2025 - 11:56 Source

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. The unemployment remained steady due to the 0.1% fall in the labour force participation rate. However, despite the loss of jobs, monthly hours worked jumped by 1.3% in

The post Australia’s job market is weaker than it looks appeared first on MacroBusiness.

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