The only thing that may have prompted the Reserve Bank of Australia (RBA) to cut rates at its next monetary policy meeting is a sharp deterioration in the labour market. Alas, Thursday’s official labour force survey for August from the Australian Bureau of Statistics (ABS) extinguished any hope of a rate cut, with the unemployment
As the rise of populist major party candidates and upstart political parties continues from London to Tokyo, many have been left wondering why Australia hasn’t seen the rise of a new third alternative. While Australia has the Greens and One Nation as third-party alternatives, they are hardly new additions to the nation’s political landscape. The
In this week’s podcast, we are digging into the overinvestment in Electric Vehicles in China, and what it means for the rest of the investment market. Join us at 12:30 today: https://www.youtube.com/watch?v=s54Mm4ex4r4 Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the
Australia’s migration system is flooding the nation with low-skilled workers. The following chart from Alex Joiner at IFM Investors summarises the situation, with the overwhelming majority of net migrant arrivals arriving through pathways other than skilled visas: Even leading pro-Big Australia shills Peter McDonald and Alan Gamlen admitted that Australia’s permanent migration system is unskilled
Aussie wage growth has no chance of a sustained recovery. The mass immigration-led economy is, at base, a wage suppression scheme, and such macro forces will ultimately have their say. Leading indicators like the Seek Advertised Salary Index have slowed. The quarterly annualised rate is now at 3.1% and has trended lower. Other laggy indicators
On Monday, the federal government organisation the ‘Australian Climate Service’ published its latest National Risk Assessment detailing the potential impact of climate change on the nation. The report modelled scenarios in which global temperatures rose between 1.5°C and 3.0°C above pre-industrial levels out to 2050 and 2100. The Climate service warned that risks to communities,
The Reserve Bank GDP nowcast, released last Friday, forecast that New Zealand’s GDP contracted by 0.4% in Q2 2025. The Reserve Bank’s nowcast was revised lower following the final partial GDP indicators released last week, showing a sharp contraction in the manufacturing sector in Q2 and negligible growth in a range of services industries. On
As the debate over the right level of migration into the nation continues, I thought it would be interesting to look at some assessments of Australia’s migration system. There are plenty of reports that are scathing of the system’s failures, from its vulnerability to exploitation to its lack of focus on the skilled migrants most
Santos runs two LNG export trains out of Gladstone, Queensland, which siphons up East Coast gas and ships it to Asia (mostly China). Since Santos’ LNG export trains came online in 2015 (alongside others), the volume of gas produced on the East Coast has doubled, while 25% less gas has been supplied to domestic users.
Earlier this week, Roy Morgan Research released its shadow labour force report, which posted a large 0.8% jump in unemployment in August to 11.1%. Roy Morgan’s unemployment measure was also up a hefty 2.0% year-on-year: Roy Morgan effectively counts someone as unemployed if they want a job but are unable to get one. Therefore, it