Australia’s ‘miracle’ labour market has been living in somewhat of a fool’s paradise. A boom in government-funded jobs has driven Australia’s strong job growth and historically low unemployment rate. The non-market sector, which comprises public and private service providers that rely on government funding, has accounted for 60% of total job creation since the pandemic
Barack Obama entered national politics with a smile that looked like Hope and Change. Amid rumors of family discord and disarray within the political party he once led, his face has hardened. He lately looks bitter, resentful, exhausted by the act.
By Harry Ottley, economist at CBA The unemployment rate rose to 4.3% in an otherwise quiet week locally. Next week is quiet again. The RBA minutes and a speech from RBA Governor Bullock will garner the most attention. The calendar offshore is also extremely light, with CPI in NZ and the ECB policy decision the
The post The economic week ahead appeared first on MacroBusiness.
There were some noticeable swings in the Tasmanian election, and there will be some changes in the Assembly, but overall the result seems to have produced a Parliament with a similar balance of power. That’s not great news for the government, because the outgoing Assembly had just voted no confidence in that very government.
On February 4, 2026, the last remaining strategic arms control treaty between the United States and Russia, New START, will expire. Void of an extension of this treaty, or the activization of an alternative arms control mechanism that replicates/improves on the existing treaty, there will be an extremely high risk of both the US and Russia feeling compelled to enter an expensive and potentially catastrophic nuclear arms race.
DXY faded Friday night. AUD was stable. The bif short is, like, permanent. Lead boots going downhill. Commods flew as DXY paused. Big mining bear steel counter-rallying. EM looks more like yesteryear. Junk OK. As yields eased. Stocks flat. Goldman is modestly bearish on AUD as the RBA is run over by its own stupidity.
The post Australian dollar to fall with interest rates appeared first on MacroBusiness.
The Writers Guild of America (WGA) has called for an investigation into the abrupt cancellation of The Late Show with Stephen Colbert by CBS and its parent company, Paramount Global, alleging the move was politically motivated.
Peatlands are vital for human survival, but we are destroying the few that are left. Australia’s gas industry facing a volatile future. Chinese banks funding the destruction of tropical forests – not good for humans or tigers.
Peatlands: vital but unprotected
Dear Millie Muroi. Greetings from the people of Macrobusiness. We know you are the young up-and-coming economics commentator in the mainstream media at Nine, and we really do hope that you have a long and distinguished career in Australia’s media. We understand if the only things you may have heard about Macrobusiness are not all
Gen. Christopher Donahue assumed command of Allied Land Command and U.S. Army Europe and Africa in December 2024.
Gen. Donahue is a graduate of the United States Military Academy at West Point, NY, and was commissioned in 1992.
In his previous assignment, he served as the 39th Commander of the XVIII Airborne Corps, and Ft. Bragg, NC and as the Commander of the 82nd Airborne Division.