Topic: Economics


Jobless rate drops to 6.8 per cent in August surprise

August’s labour market report was surprisingly strong, delivering a marked decline in the unemployment rate, a small rise in the participation rate and an increase of 111,000 in employment. ...

Consumer sentiment bounces back

The Westpac-Melbourne Institute index of consumer sentiment jumped 18 per cent in September, while the weekly ANZ-Roy Morgan index also rose over the past week.

Q2 GDP slumps 7 per cent in record-breaking national accounts

Real GDP dropped by seven per cent in the June quarter in the steepest fall since quarterly records began, bringing Australia’s golden run of 28 years of uninterrupted growth to a brutal end.

Dealing with Australia's growing debt burden

As Australia's economy continues to grapple with the impact of COVID-19, the government's outlook for debt and deficits will require a disciplined response, writes AICD chief economist Mark Thirlwell.

Payroll jobs fall as Victoria’s lockdown continues to bite

Payroll jobs fell by one per cent over the month to 8 August, with jobs in Victoria dropping by 2.8 per cent. Private capital expenditure in the June quarter suffered its largest quarterly fall since ...

After seven weeks of falls, a slight rebound in consumer confidence

A very quiet week on the Australian data front means a much shorter weekly update this time after several bumper issues. Following seven consecutive weekly falls, consumer confidence has increased al...

One million unemployed and record low wage growth

July’s labour market report delivered stronger employment growth, a lower unemployment rate and a higher participation rate than had been expected. But it also left more than one million Austral...

JobKeeper expanded as growth expectations scaled down

The government has eased eligibility requirements for the JobKeeper program as intensified public health measures in Victoria have prompted Treasury to scale back its forecasts for Australian GDP grow...

Will the COVID-19 recession trigger a new era of structural change?

Healthcare, pharmaceuticals and technology are in the spotlight as the world adjusts to rapid structural change brought on by the COVID-19 recession, says AICD chief economist Mark Thirlwell.

Dropping into deflation as CPI Index falls

Australia’s consumer price index fell by a record-breaking 1.9 per cent in the June quarter. Payroll jobs have now fallen for the last three weeks. Consumer confidence continues to erode. Dwelling app...
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