Deutsche Bank chief economist Phil Odonoghoe warned in September that Australia’s unemployment rate would be much higher if employers were not hoarding labour. “Australia’s unemployment rate is lower than it should be because most of the adjustment to lower labour demand has occurred through hours worked, rather than through employment”, he said. “We estimate that
U.S. SPECIAL OPS FLIGHTS TO ISRAEL FROM UK’S CYPRUS BASE SURGE UNDER STARMERSecrecy surrounds unmarked American military planes going from UK territory to Israel, but new information could further implicate Labour ministers in war crimes.
New data highlights the two-tier nature of Australia’s construction sector at present, with the number of cranes deployed on residential building sites falling to a two-year low of 493 in the September quarter, compared with 535 six months earlier. In contrast, the data from quantity surveying firm RLB shows that the number of cranes on
A few years ago I read a book by the iconic Australian author Helen Garner titled “House of Grief”. It dealt with the trial and conviction of a man named Robert Farquharson for the murder of his three young sons Jai (age 11), Bailey (age 7) and Tyler (age 3) on Fathers’ Day in 2005.
The Australian Electoral Commission today published the maps and data for the final boundaries for New South Wales for next year’s federal election, which makes it possible to calculate final margins and show maps of the new boundaries.
After the fold, the map shows the changes between the old boundaries, draft boundaries, and final boundaries.
Paris has played a highly active role in NATO’s proxy war against Russia in Ukraine, delivering billions of euros-worth of war materiel and repeatedly threatening to deploy ground troops.
France will need to prove its ability to wage war with Russia in large-scale exercises planned for next year, a senior commander has said.
Most stock markets were up today here in Asia today in response to the record high on Wall Street helped by a new slush fund created by the PBOC to keep Chinese equities elevated. The USD remains firm going into tonight’s US CPI print with the Australian dollar steady just above the 67 cent level.
The post Macro Afternoon appeared first on MacroBusiness.
CNN — Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office.
Independent Tertiary Education Council Australia (ITECA) Media Release Independent skills training and higher education providers delivering quality outcomes to international students express deep concern over the lack of clear direction in the Senate’s review of the Education Services for Overseas Students Amendment (Quality and Integrity) Bill 2024. The Independent Tertiary Education Council Australia (ITECA) says…
China fanboys come in all shapes and sizes. Some are smarter that others. University of Queensland Vice Chancellor Peter Varghese is a more subtle and dangerous version than the likes of foghorns like Geoff Raby and Paul Keating. Varghese wrote this week: The central strategic axis of the Indo-Pacific region is – and for the
The post The unresolved tension in Peter Varghese appeared first on MacroBusiness.
The Reserve Bank of New Zealand has slashed the official cash rate by 0.5% to 4.75%. In arriving at its decision, the Reserve Bank noted that “business investment and consumer spending have been weak, and employment conditions continue to soften. Low productivity growth is also constraining activity”. “High-frequency indicators point to continued subdued growth in
By Denis Bright With the Queensland Government now in caretaker mode, time is running out for more communication about the priorities of a fourth term of government for Queensland Labor. Pre-polling voting commences on 14 October and continues for the last two weeks of the campaign. State Labor’s primary vote is still stuck on 30…
Honestly, Australians are the most media gaslit people on earth. Yes, even worse than the US. This is because, unlike the US, our mainstream press is a desperate vested interest attached to a dying housing bubble economic model that it will never let go. To wit, we get propaganda like this: Australians are open to
The post No real housing crisis solutions allowed appeared first on MacroBusiness.