Blogotariat

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.

IAEA chief Rafael Grossi has confirmed that his agency has no firm evidence of an Iranian nuclear weapons program, debunking the justification used by Israel to launch its aggression last week. Sputnik asked commentators including a renowned Iraq War whistleblower to weigh in why Israel and Washington neocons are so eager to beat the drums of war.

DXY went nowhere. AUD recovered some. Lead boots are going sideways. Oil short? Metals bifurcating. Biug miner bear one for the ages. EM meh. Junk hasn’t budged. Long end sort of OK. Stocks nothing burger. Here are the Fed headlines. *FED HOLDS BENCHMARK RATE IN 4.25%-4.5% TARGET RANGE *FOMC MEDIAN FORECAST STILL SHOWS 50 BPS

The post Australian dollar resilience returns appeared first on MacroBusiness.

Australia’s annual R&D spending has also fallen to only 1.68% of GDP, well below the OECD average (3%) and the lowest among developed nations. As a result, the Albanese government has launched a review into Australia’s R&D, which is analysed below by independent commentator and MB Subscriber, Stephen Saunders. By Stephen Saunders Thus far, Australia’s

The post Australia is a R&D wasteland appeared first on MacroBusiness.

Network boss wants stronger, faster collaboration on distributed energy reform, to avoid repeating mistakes – and to fast-track benefits long-promised to consumers.

Overnight saw the Federal Reserve hold fire in their latest FOMC meeting although the reasons were more domestic than foreign macro problems as the Trump regimes tariff tirades are really starting to slowdown the US economy. The potential entry of the US into the fraca in the Middle East gave risk markets further pause but

The post Macro Morning appeared first on MacroBusiness.

Master Builders Australia (MBA) has used a submission to the Productivity Commission to argue that the federal government should provide tax incentives to builders who meet industry standards. The MBA argues that this would help boost competition, investment, and productivity in the sector, while also reducing the cost of building new homes. MBA CEO Denita

One underrated voice in President Trump’s ear has broken his silence on the ongoing Israel-Iran war with a lengthy and powerful statement this morning that contains significant historical context. 

Tindo Solar lands five year deal to export Australian made solar PV modules to Vietnam.

The Israel-Iran war continues to dominate risk markets as the TACO-in-Chief threatens to join in with bunker busters and demands unconditional surrender. The dealmaker in action! The USD remains weak against almost all the undollars while domestic Japanese data is keeping Yen weak after the BOJ taper plan announcement. The Australian dollar is hovering around

The post Macro Afternoon appeared first on MacroBusiness.

The Reserve Bank of New Zealand has slashed the official cash rate by 2.25%, which has lowered mortgage rates by around 2% over the past year. The sharp reduction in interest rates by the Reserve Bank is partly due to the heavy decline in New Zealand home prices. According to Justin Fabo from Antipodean Macro,

The post Housing crash forces Reserve Bank to cut rates appeared first on MacroBusiness.

The chiefs of AGL and EnergyAustralia say consumer energy resources are key to bringing down electricity prices, but only if orchestrated -- by them.

If there is one thing that MAGA hates, it’s neocons. Those fanciful folk who thought they could lead the world to US nirvana at the point of an assault rifle. Pre-emption was their code, and regime change was their method. They tried in Afghanistan and failed. Then Iraq and failed slightly less. MAGA hates them

The post Trump is a military chicken, too appeared first on MacroBusiness.