The headline figures look good, but employment growth is slowing and hours worked are barely growing.
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Living standards have fallen for the fifth successive quarter, the longest decline in 40 years.
Australia’s inflation rate has halved, but it’s falling more slowly than it was, and previous high inflation is set to push up student debt.
Far from being “rampant” inflation was tame in the first two months of this year. We know this because of big changes in the way the bureau prepares its data.
The treasurer says the 2024 budget will be about supporting growth after the weakest economic figures in 23 years outside of a recession.
The best measure of living standards – real household disposable income per capita – has been going backwards for two years. It’s the biggest dive in living standards in half a century.
The Bureau of Statistics is considering scaling back the scope of Australia’s time-use survey in a way that will make it difficult to tell how much time we spend caring for children.
The official figures tell us inflation is 5.4%. But for working families, it’s actually 9%. Yet there is some good news ahead.
Six charts explain the Australian economy. Three of the most disturbing show living standards going backwards, productivity collapsing and household saving falling to a 15-year low.
The ABS is exploring whether and how to ask questions on gender, sexual orientation, and variations of sex characteristics.
Australia’s inflation data for the March quarter suggests the central bank will impose one or two further increases to meet its policy objectives.
The pandemic has changed economic thinking on how low the unemployment rate can go. We now need a new full employment target.
Australia’s employment growth is slowing, but the ups and downs from month to month make it hard say what happens next.
Victoria’s real gross state product has grown by 5.6%, while New South Wales has fallen to 1.8%.
For homebuyers, there’s no interest rate relief in sight just yet. Here’s why.
Australia’s first major time-use survey since 2006 shows unpaid domestic and caring responsibilities are still principally done by women.
Australia’s economy grew unusually strongly in the year to June, when interest rate increases were yet to bite.
The big increases quoted are for “asking rents”. The rents paid by existing renters are climbing more slowly.
ANU modeling suggests 80% of households face living cost increases below the inflation rate of 6.1%.
Australia has its lowest unemployment rates in almost 50 years – helped along by high numbers of employees off work sick.
Principais colaboradores
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Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professor of Economics, The University of Melbourne
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Professor of Economics and Public Policy, ANU College of Arts and Social Sciences, Australian National University
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Professor of Economics, UNSW Sydney
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Professor, Crawford School of Public Policy, Australian National University
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Professor of Economics, University of Canberra
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Lecturer in Economics, Monash University
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Associate Professor, Bankwest Curtin Economics Centre, Curtin University
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Professorial Fellow, University of Canberra
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Economist at Centre of Policy Studies, Victoria University
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Professorial Fellow and Co-Director, HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Fellow in Historical Studies, The University of Melbourne
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Associate Professor, Social Policy Research Centre, UNSW Sydney
