The Latest Breaking News from ABS

Interest rates could hit two-decade high by August as mortgage stress soars

Australians struggling with the highest interest rates in a decade are being warned to expect one or two more mortgage bill hikes.

The New Daily · Jun 11, 2023

Australia’s productivity plunge: why is the Reserve Bank concerned and should we panic?

Philip Lowe cited ‘subdued’ productivity growth when the RBA lifted rates for a 12th time to try to tame inflation. Here’s why it matters

The Guardian - AU · Jun 8, 2023

Australian economy grew 0.2% in first three months of the year, the slowest since Covid lockdowns

Jim Chalmers says higher interest rates and cost-of-living pressures are squeezing household budgets and slowing the economy

The Guardian - AU · Jun 7, 2023

Amid a cost-of-living crisis, meet the people turning to side hustles to make ends meet

More Australians than ever before are working multiple jobs, but despite concerns over burn out, for some people it has become their driving force.

ABC News · May 20, 2023

Building approvals in single digits in Tasmanian city of Burnie, prompting supply concern

The state's construction industry has expressed surprise and concern at the Burnie figures, especially as the city has traditionally been the economic centre of the north-west coast.

ABC News · May 20, 2023

Michael Pascoe: Why you might never see that ‘wage growth’ we hear about

One thing we know for sure about the RBA – it knows even less about the outlook for wage growth than it does about inflation.

The New Daily · May 19, 2023

The Australian economy lost 27,100 full-time jobs in April as unemployment rose to 3.7%

UBS economist says jobs report ‘weaker than expected’ and makes an RBA rate hike in June ‘unlikely’

The Guardian - AU · May 18, 2023

Working more, paid less – the sad truth about women’s wages

Women are working more than men, according to the latest Australian Bureau of Statistics and their pay levels grew slightly faster than men.

The New Daily · May 16, 2023

Six of the 10 most disadvantaged areas in Australia are in Queensland, Socio-Economic Indexes for Areas rankings reveal

Almost 550 Australian regions have been ranked on their level of relative socio-economic advantage and disadvantage. Most of the lowest-ranked areas are in Queensland.

ABC News · May 9, 2023

Official data confirms Australia in a 'consumer recession' as retail sales drop

Australians are buying significantly fewer goods at shops and department stores, new Australian Bureau of Statistics data show.

ABC News · May 9, 2023