New Zealand’s unemployment rate increased to 5.1% in Q4 2024 from 4.8% in Q3 2024. In comparison, Australia’s unemployment rate was 3.9% in the fourth quarter of 2024 (4.1% in January), the largest difference since Q3 2012. As a result, large volumes of Kiwis have left New Zealand for Australia. New data from Stats NZ,
The idiot MSM is at its gotcha worst. Peter Dutton has again refused to offer a figure for how much power prices would come down under a government he leads, while assuring those prices would nonetheless be lower than they would be under a re-elected Labor government. Assuming Dutton dropped the spot gas price to
Iron ore continues its plod sideways as steel falls away. The Office of the Chief Economist’s quarterly forecast is out is an interesting mix of fear and greed. It has finally mustered the courage to include the Pilbara killer in its supply outlook but it has spread the ramp up of shipments very conservatively so
As we know, the Albanese government is an inveterate liar on most matters of economics. Today, he adds to the ignominious record. Albanese said the Australian Domestic Gas Security Mechanism, which enables the government to pressure exporters to release more domestic gas when needed, was working sufficiently. “The spot price is at $13. When we
With the federal election campaign in full swing and voters heading to the polls on Saturday 3 May, the first batch of opinion polling has Labor leading the Coalition and Anthony Albanese ahead of Peter Dutton as preferred prime minister. According to a Resolve Political Monitor poll conducted by Nine newspapers, Albanese leads Dutton by
Alan Kohler produced an explainer video for ABC where he summarised Australia’s housing crisis with the following: “We know that dwelling approvals have been in trend decline for 10 years”. “We also know that population growth has been climbing for 20 years driven by a doubling and then tripling of migration”. “This is why we
The Market Ear on some worrying signals for the bubble. Mother of all trend lines Does this look bullish to you? Big rejection as we tested the 200 day and the huge trend line from below. 50 crossed the 100 day, marking the “light” death cross. NDX 19k is the must hold area. Source: Refinitiv
The Q4 Australian Bureau of Statistics (ABS) national accounts, released earlier this month, showed that the economy edged out of per capita recession after recording 0.1% growth over the quarter. This followed 21 months of consecutive declines in per capita GDP. The Melbourne Institute’s latest nowcast for Australia’s Q1 GDP growth, presented below by Justin
Before the pandemic, Australia had easily the highest concentration of international students in the world. The international student population has continued to surge post-pandemic, with enrolments hitting a record high of 1.095 million in December 2024. Enrolments at end-December 2024 were 143,000 higher than the 2019 pre-pandemic peak and more than triple (749,000) higher than
I hope the fake left still loves its ABC because it sure doesn’t love them. Jacob Greber is a graduate of the AFR businessomics school of journalism, and he lines up the single most biased piece of junk journalism on the gas debate that I can recall. Is Saul Kavonic, former strategic advisor at Woodside,