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The Latest Breaking News from ABS

The week will feature a major economic conference in the US, while domestically attention will focus on consumer confidence and interest rates.

Crikey

Australia’s jobless rate is only 3.4% – so what’s holding wage growth back?

That the tight labour market isn’t leading to real earnings rises is proof of a ‘deep structural weakness’, says one economist

The Guardian - AU

New ABS Data Has Shown Just How Fkd Wages Are Compared To Inflation So Let’s Dive Right In

Wages compared to inflation are very bad according to new data and in the past year our ability to buy things fell the most on record.

Pedestrian.tv

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Overseas travel bounces back as Aussies shrug off COVID-19 groundings

New data shows Aussies are coming down with a serious case of travel fever, with international departures inching closer to pre-pandemic levels.

The New Daily

Monthly CPI could be volatile, ABS warns

The Australian Bureau of Statistics has released a paper on its plan to produce a monthly inflation measure that will give more insights into price inflation.

Crikey

Profit season ramps up, all eyes on wages

The Bureau of Statistics will report key wages data this week showing how much pay packets have grown over the past financial year, as profit season ramps up.

Crikey

Household spending jumps again in June

The Australian Bureau of Statistics says household spending rose 10.2 per cent in June – the 16th consecutive month of increases.

Crikey

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What if we had to sanction China?

China has become an aggressive, revisionist power, nourished by arrogance built from the economic strength that comes from decades of growth.

The New Daily

From French lessons to food delivery, record numbers of young people are finding side hustles to make ends meet

As rents and prices get hiked, record numbers of young people are having to find side hustles to make ends meet. Here's what some are doing.

ABC News

Trade surplus hits record $17.7b in June

Strong shipments of coal, iron ore and grain have helped Australia's trade surplus reach a record $17.7 billion in June.

AAP

Borrowers to feel the heat as RBA raises rates again, but new customers get cheaper deals

As the economic outlook became more uncertain, lenders are competing harder for new customers, providing a good opportunity for home buyers with large deposits and owners who have paid off a sizeable portion of their property.

ABC News

Owner-occupiers make loan switch: ABS

Owner-occupiers are trying to get better mortgage deals as interest rates rise, Australian Bureau of Statistics data released on Tuesday shows.

AAP

How has Queensland changed? Here's what the Bureau of Statistics' latest 2021 Census data tells us

The latest release of 2021 Census data reveals some of the key changes, from how many people now own their own home to who they are living with.

ABC News

How to beat inflation: eat avocados, buy men’s clothing and use childcare. If it were only that simple

Current inflation levels in Australia have only been seen once in the past three decades. Where is being hit hardest?

Crikey

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ABC News

New figures show problem of family and domestic violence growing in Northern Territory

The latest crime figures from the Australian Bureau of Statistics paint a sobering picture for the Northern Territory, with the number of family and domestic violence victims growing for the third year in a row.

Crikey

Business profit-taking is emerging as one of the hidden drivers of booming inflation

Demand isn’t the big problem for inflation — it’s external factors, including business using the cover of inflation to increase profits.

AAP

Record crops deliver big agriculture gains

Huge crops and record breaking rain have helped deliver a 17 per cent increase in the value of Australian agriculture, the bureau of statistics says.

ABC News

What is inflation? Why is the CPI so high? And how is the RBA planning to bring it back down?

Inflation is the highest it has been in decades, and is set to rise further. But how is it measured, what is behind the price rises and how will the Reserve Bank get it back under control?

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The Guardian - AU

Almost half of young women in Australia report mental health disorder, study finds

Deputy chief medical officer for mental health says level of distress in young people, happening worldwide, predates Covid

AAP

Data shows mental ill-health in Australia

Australia's first mental health and wellbeing survey in 15 years paints a picture of how disorders are affecting people and the adequacy of support services.

Crikey

RBA unbound: central bank now has a free hand to belt inflation

With unemployment at a 48-year low of 3.5%, the Reserve Bank can hike interest rates with virtual impunity.

Birmingham Post

North East deals of the week: key contracts, acquisitions and investments

Deals in the last week have involved the likes of Etika Clothing, Ryder Architecture, Filtronic and Sweet Dreams

Crikey

Online job ads at a 14-year high

There were 303,400 jobs being advertised online in June, the most since April 2008, another sign of an incredibly tight labour market.

Crikey

Jobless rate closes in on 50-year low

Economists expect the unemployment rate to ease to 3.8 per cent, as consumer and business confidence figures give a snapshot of where the economy is heading.

Birmingham Post

Engineering group NTG swoops for fellow North East firm ABS Precision

Gateshead's NTG has extended its capabilities with the acquisition of Longbenton based ABS Precision

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