This Month
Budget was the grand final, not the season opener. Here’s the score
The windfall from the resources boom has been both a blessing for Australia and a curse for decades, giving the government a free kick on fiscal discipline.
Slash rates to avoid recession
Readers’ letters on the need for interest rate cuts, slashing stamp duty for retirees, housing affordability, tax bracket creep and the Melbourne Airport Rail Link.
Employment falls; Single word boosts shares; Apple pulls iPhone ad
Read everything that’s happened in the news so far today.
Job appointments have never been purely merit-based: CEW chief
If we give too much air time to DEI’s detractors, people may begin to believe such programs are unwarranted, says Chief Executive Women CEO Lisa Annese.
February
US jobless claims rise to highest level in three months
Some analysts say they expect lay-offs ordered by the Department of Government Efficiency to have an effect on unemployment in the next few weeks or months.
Jobless rate rises; Labor’s $2.4b Whyalla rescue; Rio Tinto’s miracle
Read everything that’s happened in the news so far today.
US economy adds 143,000 jobs, jobless rate at 4pc
US job growth moderated in January, bolstering the case that policymakers at the Federal Reserve need not rush further interest rate cuts.
Top forecaster Paul Bloxham says trade war changes the RBA path
HSBC’s chief economist says the RBA will only cut twice in 2025, beginning this month, and once in 2026.
January
Show me the money: JPMorgan’s bonus season cheers up bankers
Sources said early signs suggest it would be highly unusual if JPMorgan’s compensation doesn’t rank as top-quartile compared to local rivals – again.
Bond markets stick with early rate cut after jobs blowout
While bond investors modestly tempered RBA rate cut bets after jobs data smashed expectations, they have still priced in a strong chance for a move in February.
Jobs boom puts election rate cut on a knife edge
The stunning employment surge makes a pre-election rate cut less likely than the Albanese government would be hoping.
Employment jumps 56,000; PM’s reshuffle; Can the Gaza ceasefire last?
Read everything that’s happened in the news so far today.
Australian bosses hooked on migrants, global survey shows
A global survey has found that rather than investing locally, Australian employers want migration to do the heavy lifting to fill skills shortages.
December 2024
Gold miners see silver lining in big lithium and nickel layoffs
The mothballing of large West Australian critical minerals projects has come at the same time as a surge in demand for production of the precious metal.
JobKeeper saved jobs but killed productivity, says commission
Pandemic-era policies abated unemployment but kept workers attached to dud employers, the Productivity Commission says.
RBA could accept lower unemployment without inflation risk: economists
Others warn the jobs market may now be running too hot, and a longer period of elevated interest rates will be required.
Employment shock; Libs leader loses trial; Forrest’s vital moment
Read everything that’s happened in the news so far today.
Michele Bullock could be the Maradona of Australian central banking
The Reserve Bank governor is weaving through the inflation challenge with a hawkish comment here, a dovish quip there and a steady interest rate.
Emerson overstates RBA’s impact on jobs
Readers’ letters on what 4.5 per cent unemployment really means; delay of the Nature Positive Bill; Reserve Bank independence; office party activities; and South Australia’s high-voltage lines.
Energy workers hit hardest by transition: RBA research
Workers laid off from emissions-intensive roles suffered larger income falls than other workers losing jobs, according to Reserve Bank researchers.