We spend more on alcohol than we’ll admit, less on electricity and gas combined than we think.
The Australian Bureau of Statistics is doing what it can to push back against lobby groups’ over-inflated claims of job creation — but it can’t stop people misusing its figures.
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Businesses won’t employ more people unless they are prepared to invest. Figures out on Thursday suggest they are.
With the end of JobKeeper come changes that will force more people to search for work.
This government has known more about the granular detail of the crisis than any government in any crisis before it.
Economic activity has returned to almost what it was before the crisis, but to nowhere near were it would have been were it not for the crisis.
New data from the ABS shows how people adjusted their consumption patterns and behaviours during the early COVID-19 restrictions — and how some lifestyle changes have remained since then.
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Australian Bureau of Statistics figures suggest there have been more than 800 ‘excess deaths’ in Australia in January-March 2020, relative to the average, but only 103 confirmed COVID-19 deaths so far.
Even in places that are now COVID-free spending remains subdued, and different.
The best case scenario sees a short-term recovery to the depths of the 1980s and 1990s recessions.
Incomes climbed as we snapped our wallets shut in the March quarter. The June quarter will be much, much worse.
Far too much hangs on whether Australia is “technically” in a recession. It might be skewing the design of our coronavirus support measures.
Women have suffered much more than men. Many who were employed in March have withdrawn from the labour force and so aren’t counted as unemployed.
The ABS is providing near real-time data like never before. It’s labour force survey remains the most authorative way of tracking the labour market.
Prison rates have stopped increasing for the first time in seven years. In fact, they’ve decreased by 1%.
Crime rates are down, but they were decreasing while imprisonment rates were increasing, so that doesn’t really explain lower numbers in our prisons.
Every reference but one to inequality nearly doubling was removed from an Australian Institute of Health and Welfare report.
The Institute for Health and Welfare issued an “errata” to correct statements about inequality that were perfectly correct.
An economic growth rate with a ‘1’ in front of it is unusual, and normally seen near recessions.
Households are buying no more than they were a year ago, and the wage share of national income is the lowest since 1964.
Some things went wrong and some things went right. The resulting current account surplus is neither good nor bad.
Australia is becoming more like the United States. Increasingly, we invest overseas. Our domestic economy is weak.
The statistics show the wealthiest households are getting a growing share of household wealth. The Productivity Commission is trying to tell us they are not.
Freedom of Information documents show the Bureau of Statistics spent a good deal of effort toning down news of rising inequality. The Productivity Commission seems to have been at it too.
Without consumer demand investments can be bad for firms and bad for the economy.
Investments only makes sense if there are markets for the things those investments will produce. It isn’t clear that there are.