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The Latest Breaking News from ABS

How housing made rich Australians 50% richer, leaving renters and the young behind – and how to fix it

Compared to the rest of the world, income inequality is not particularly high in Australia, nor is it getting much worse – until you include housing.

The Conversation

Don’t listen to Lowe: wages are slowing, not growing

To expect a wage-price spiral under current conditions is nothing but fearmongering from people who should know better.

Crikey

The ABS Has Dropped New Population Data It Turns Out People Fkn Love Moving To Queensland

Bad news for NSW tho.

Pedestrian.tv

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Australia’s unemployment rate remains at 3.4% in November as 64,000 new jobs added

National jobless rate remains at near 50-year low as rebounding economy faces labor shortages from lack of migration

The Guardian - AU

Thousands more Australians died in 2022 than expected. COVID caused most deaths

Excess deaths this year were likely lower than the ABS estimate – but still overwhelmingly related to COVID and its effects on health.

The New Daily

Thousands more Australians died in 2022 than expected. COVID was behind the majority of them

Last month, the Australian Bureau of Statistics (ABS) released a report of mortality statistics. It showed that from January to July 2022, there were 17% more deaths (16,375) than the average expected for these months.

The Conversation

Ultra-low unemployment to hold firm

The latest Australian Bureau of Statistics labour force data due this week is expected to show continued high competition for workers in the jobs market.

AAP

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Hunter businesses 'downbeat', new survey results show

Businesses in the Hunter region are more concerned than the NSW average when it comes to rising interest rates and energy costs, according to the latest Business Conditions Survey.

Newcastle Herald

RBA remains defiantly out of touch as shareholders enjoy a bonanza

Wouldn’t it be nice if the Reserve Bank stopped worrying about a wage-price spiral and focused instead on profit-greedy firms.

Crikey

All eyes on last cash rate call for 2022

The Reserve Bank board will meet for its December cash rate decision next week and Australia's economic growth for the third quarter will be revealed.

AAP

Inflation may now have peaked. The RBA must tread carefully

The next worry for Philip Lowe is he’ll have to apologise for raising interest rates longer than needed

The Guardian - AU

Inflation declines in October, offering some hope to cash-strapped shoppers

It feels like Australians have been bleeding money, so today’s announcement that inflation has eased slightly will come as a shock to many.

The New Daily

Dip in Australia’s inflation rate in October raises hopes price rises may have peaked

Headline CPI rate eases from 7.3% to 6.9%, lower than economists’ expectations, but fuel prices still rose as full excise rate returned

The Guardian - AU

Inflation surprisingly eased last month as supply bottlenecks cleared

Inflation eases slightly in October, according to new monthly Bureau of Statistics figures, but the headline rate remains more than twice the Reserve Bank's target.

ABC News

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AAP

Inflation down but consumer pain lingers

Cost of living pressures eased slightly last month, although it's still too early to call the turning point for inflation.

AAP

Cost of living data top of watch list

Fresh data will reveal how sharply costs are rising and how well households are faring as financial pressures mount.

ABC News

One Nation senator Malcolm Roberts suggested there has been a decline in births related to COVID-19 vaccines. Is that correct?

One Nation senator Malcolm Roberts has suggested a "staggering decline" in births in data from the ABS is linked to COVID-19 vaccines. Is that correct?

The Canberra Times

COVID deaths highest among disadvantaged communities

Deaths due to COVID were also more prevalent in areas with greater socio-economic disadvantage such as in poorer areas and among migrant and Indigenous communities.

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The New Daily

Michael Pascoe: Once more for the dummies – we need higher wages

Inflation is more than double the headline wages growth – wages are lagging, not leading, Michael Pascoe writes.

ABC News

International flight bookings are finally on the incline. Here's what the latest data tells us about where Australians are travelling to

The answer to "where can I go?" is no longer merely "my living room" — like it was for many over the past two years. But has travel bounced back to pre-pandemic levels?

ABC News

As world population reaches 8 billion, Australian women are having fewer kids and at an older age

Brisbane mum Bernie Turnbull always knew she wanted kids, but like many Australian women her path to motherhood was anything but straightforward.

AAP

All eyes on wages and employment data

Wages and employment figures will hog the limelight this week and inform the central bank's interest rate hiking trajectory.

ABC News

Inflation's cost-of-living pinch hits mortgage borrowers, low-income and older households

As inflation continues to rise, the surging cost of living is hitting some types of households much harder than others.

ABC News

New data shows the economy is going to slow significantly over the coming two years

ABS and CommSec data shows there are already signs of a slowdown as average household spending goes up 15 per cent in the past five years.

AAP

Second, third jobs become the new normal

Workers have been taking on side hustles in record numbers as the cost of living crisis continues to bite and demand for skills remains fierce.

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