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Oz Blog News Commentary

Articles from MacroBusiness

AI will terminate Aussie youth job prospects

August 6, 2025 - 13:00 -- Admin

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,

Chicken Chalmers is the core productivity problem

August 6, 2025 - 12:00 -- Admin

This is as predictable as it is awful to watch: Australia’s biggest corporate taxpayer, BHP, and the federal government’s productivity adviser are at loggerheads over a proposal to introduce a cash-flow tax on companies, undermining Jim Chalmers’ push to achieve consensus at his economic roundtable. Instead of tax, which will be the final topic discussed

Unemployed pile up as job ads stall

August 6, 2025 - 11:30 -- Admin

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

Iron ore takes out the trash

August 6, 2025 - 10:00 -- Admin

Ferrous is doing a merry dance as steel and iron ore trade places. One of the mysteries of this year’s ferrous markets has been why or how seaborne market production increases have been absorbed without too much price damage. The output increase has been relatively small so far, and the stock has been offset by

Macro Morning

August 6, 2025 - 09:00 -- Admin

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

Labor relaunches international student Ponzi scheme

August 6, 2025 - 08:30 -- Admin

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

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