Blogotariat

The Productivity Commission is taking a rosy view of AI. AI will likely raise productivity, but there is ongoing debate about the magnitude of this effect. Studies suggest AI could increase multifactor factor productivity between 0.5% to 13% over the next decade (0.05 to 1.3 percentage points annually). After examining the assumptions underlying these studies,

The post AI will terminate Aussie youth job prospects appeared first on MacroBusiness.

The Federal Chamber of Automotive Industries (FCAI) released new car data for July, which reported the strongest monthly sales on record with a total of 103,097 vehicles delivered over the month. This was 3.6% higher than the same month last year. “We are now seeing confidence return to the market, supported by a recent interest

The post Australians want hybrid vehicles, not EVs appeared first on MacroBusiness.

Firefighters say a brush fire and a power outage was caused when a bird dropped a fish on power lines.

ANZ-Indeed jobs ads are interesting. The ANZ-Indeed Australian Job Ads series edged lower from a revised 116.3 in June to 115.2 in July. The series remains within a tight 114–117 range and has largely been tracking sideways since mid-2024. The June labour force survey revealed some signs of labour market easing, with the unemployment rate

The post Unemployed pile up as job ads stall appeared first on MacroBusiness.

Various narratives supporting and opposing the concept of working from home continue to propagate amidst the ongoing debate surrounding its benefits and politics. One of the most widely held ideas is that any job that can be done full-time, working from home, can also be done by a remote worker in another part of the

The post Is work from home the death of the bullshit job? appeared first on MacroBusiness.

Casting a formal vote in a Tasmanian lower house election isn’t the easiest vote to cast, but in some ways it’s easier than it would be in other places.

Voters are required to number at least as many boxes as there are vacancies – that means that the required number of preferences increased from 5 in 2021 to 7 in 2024 – despite an attempt by Kevin Bonham to allow for savings provisions that would minimise informal rates.

Another poor US domestic economic print – this time the latest ISM services survey – sent Wall Street lower amid reaction to a rambling interview by Trump overnight espousing new off the cuff tariffs for pharmaceuticals and others. Neither side of the Atlantic liked the newsflow although European stocks eked out a small gain while

The post Macro Morning appeared first on MacroBusiness.

The latest data from the Departments of Home Affairs and Education indicates that the Albanese government’s “crackdown” on the international education sector has had minimal impact. The Department of Home Affairs’ temporary visa data for Q2 2025 shows that there were 821,251 people residing in Australia on either a student or a graduate visa. This

The post Labor relaunches international student Ponzi scheme appeared first on MacroBusiness.

Review headed by Tim Nelson makes nine recommendations, including tenders for e energy, shaping and firm contracts, more transparency, and a focus on CER.

DXY is holding for now. AUD is licking its wounds. Lead boots bounced. Gold is firm, oil not. Metals are lacklustre. Mining bear intact. EM bounced. Junk toppy. Yields held the losses. Stocks fell anyway. I expect more AUD chaos for now. The market remains very short DXY, and such consensus trades often need long

The post Australian dollar licks its wounds appeared first on MacroBusiness.

Since the turn of the century, Australian policymakers have attempted to pump housing demand via stimulatory demand-side policies. These policies have ultimately driven mortgage debt and house prices higher, resulting in structurally worse housing affordability. The latest federal election was another prime example of this policy folly, with both Labor and the Coalition promising further

A new wind project has emerged near Julia Creek in Queensland's outback, the latest in a string of proposals along the Copperstring transmission line.