Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

3.2 million Aussies are unemployed or underemployed

October 13, 2025 - 14:00 -- Admin

Roy Morgan has released its labour force estimates for September, which reported a solid decline in both unemployment and underemployment. According to Roy Morgan, unemployment decreased by 37,000 to 1,739,000 (down 0.3% to 10.8% of the workforce) while under-employment dropped 243,000 to 1,499,000 (down 1.6% to 9.3%). However, as illustrated below, both unemployment and underemployment

Australia rushes towards golden 1890s

October 13, 2025 - 13:30 -- Admin

Michael Hartnett at BofA has good news for Australia. Zeitgeist:“Having lunch with X and he is asking should he invest in physical gold or silver or is it too late as his wine investments have been tanking?”–brother-in-law. The Price is Right: price action since Fed cut good for cash-needy not-for-profit tech(XBI, ARKK), bad for rate-sensitive

Labor botches superannuation reform

October 13, 2025 - 13:00 -- Admin

Update: Treasurer Jim Chalmers announced this afternoon that Labor has dumped its unrealised superannuation tax proposal, as well as made several other worthwhile changes. A full breakdown of these changes is available here. Original article below: ———————————————————————————————– The head of Treasury’s revenue group, Diane Brown, has told Senate estimates that the Prime Minister’s office had

China’s consumer push fails

October 13, 2025 - 12:30 -- Admin

Not that it was ever really a serious push, and paltry efforts make for paltry returns. Golden Week sales are in and pfft. Domestic interregional passenger travel rose 6.2% year over year but major merchants’ and caterers’ retail sales gained just 2.7% year over year. This is still down 2.6% versus pre-COVID. Overall, Golden Week

RBA not to blame for housing crisis

October 13, 2025 - 12:00 -- Admin

Last week, Reserve Bank of Australia (RBA) governor Michele Bullock was grilled by Greens senator Nick McKim about the RBA’s role in the housing crisis. “The $400 billion that the RBA printed in the early year or two of COVID and effectively handed over to retail banks, who then turn around and lend it into

Queensland abandons ‘net zero’

October 13, 2025 - 11:00 -- Admin

The Queensland government has significantly undermined the Albanese government’s ambitious 62% to 70% emissions reduction target by 2035 by extending the lifespan of the state’s coal-fired generation until the mid-2040s or later. Queensland Treasurer and Energy Minister David Janetzki released the Liberal National Party government’s five-year energy road map on Friday. It called for the

Will killing Santos fix gas?

October 13, 2025 - 10:30 -- Admin

There is justice in the world, after all. Santos’ GLNG gas export venture in Queensland is emerging as likely to be the biggest casualty in the reforms expected from Labor’s review of the east coast gas market rules, with one analyst estimating it could face a hit of up to several hundred million dollars a

Busting international student myths

October 13, 2025 - 10:00 -- Admin

As the debate over the impact of international students continues, the number of myths being repeated continues to grow, particularly on social media. So, rather than getting bogged down with directly addressing various narratives or making commentary on the various issues, today, the data will be doing all the talking. International Students and Housing Back

Labor in civil war over gas reservation

October 13, 2025 - 09:30 -- Admin

In an address to the National Press Club, BlueScope CEO Mark Vassella warned that Australia risks following the United Kingdom’s industrial decline if the federal government fails to fix the gas market. Vassella and other industry leaders say that without cheaper gas, the federal government’s Future Made in Australia policy is doomed, and Australia will

Pages