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The Latest Breaking News from ABS

Swift blip hides weak consumer that bodes well for RBA

Cost-of-living pressures are forcing consumers to rein in their spending across most goods and services to afford one-off cash splashes.

AAP

Big city competition shows in population gains

More Australians are calling Melbourne home than any other national city according to a new report released by the Australian Bureau of Statistics (ABS).

AAP

Migration rose by one-third last year to lift Australia’s population by a record 659,000

The net annual rise was revealed as Labor signalled moves to reduce migration arrivals

The Guardian - AU

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Newcastle unit numbers up, but Hunter region's home approvals take a dive

Total dwelling approvals in the Hunter fell 7.4 per cent in 2023.

Newcastle Herald

How many Black-owned businesses are there in the US?

In 2021, the US had 161,031 Black-owned businesses, with more than a quarter operating in healthcare and social assistance.

USAFacts

How many cattle are there in Australia? We may be out by 10 million

Official estimates from the Australian Bureau of Statistics put the national herd at 26 million but a University of Queensland study says there could be up to 35 million

The Guardian - AU

We now know the Reserve Bank has trashed the economy — and for what?

The Reserve Bank was reckless and incompetent when it lifted interest rates back in November, the latest economic data shows.

Crikey

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Airbnb says only 1% to 2% of homes in Australia are short-term rentals. What does that really mean for renters?

About 100,000 properties are used for short-term letting – equivalent to the housing shortfall on the horizon. But that comparison may oversimplify the situation

The Guardian - AU

Malcolm Roberts’ population claim fails its visa check

Despite what the One Nation senator has claimed, the majority of the 2.7 million visa holders in Australia are included in the total 27 million population figure.

Crikey

Wages are finally on the way up, but there’s a long way to go before workers feel relief

After three brutal years for households, concerns higher wages would drive up inflation and thus interest rates appear overblown

The Guardian - AU

Australia records 4.2% annual wage growth, outstripping inflation for the first time in three years

Treasurer says highest annual growth since 2009 ‘encouraging’ but expresses concern over non-compete clauses for employees

The Guardian - AU

Australia’s gender equality depends on properly tracking how women spend their time

Measuring the amount of unpaid labour done by women in Australia is vital in advancing principles of gender equality.

Crikey

Indonesia beats NZ as top Aussie tourist destination

Indonesia is Australia's favourite overseas holiday destination, beating New Zealand for the first time since tourism records were kept.

AAP

Inflation numbers key drawcard in data-packed week

The fight against inflation has not yet been won but the December quarter consumer price index is expected to show genuine progress.

AAP

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AAP

Australia's population tips over 27 million

Australia's population has swollen to more than 27 million and continues to grow by one person every 50 seconds.

The Guardian - AU

Australia sheds 65,000 jobs in December but unemployment rate remains at 3.9%

ABS figures show a steep drop in the participation rate from a revised record 67.3% in November to 66.8% in December

The Guardian - AU

Neither a pandemic nor interest rate rises: can anything dent the Australian housing market?

The entire political focus over the past 40 years has been to keep house prices from falling, or even abating

AAP

Jobs data on agenda as signs point to cooling inflation

Experts will examine job data and spending insights for a better idea of how the Reserve Bank will act when it returns for the first time in 2024.

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AAP

'Softer' year ahead as spending and loan growth slow

After a year of surging rental prices and cost-of-living expenses, relief could be on the cards for borrowers with economists raising hopes for a soft landing.

The Guardian - AU

Retail figures show we’re desperate for a bargain rather than flush with cash. The RBA should take note

When retail spending surges, the Reserve Bank can be tempted to raise interest rates – but analysing the economy requires an understanding of what is happening in the real world.

The Conversation

As Australian supermarkets are blamed over food costs, French grocer Carrefour targets Pepsi for 'unacceptable' price rises

French supermarket Carrefour has fired a warning shot in a price war with global food brands, dropping PepsiCo products last week because of “unacceptably high” increases.

Newcastle Herald

Grocery giants conveniently slash prices, but will a Senate Inquiry go far enough?

It's almost like there's an inquiry in the air ...

The Canberra Times

Canberra couple welcome Christmas baby, as Azlan roars into world

Azlan will share Australia's second-least-common birthday.

Crikey

Jobs market is still going strong — strong enough to absorb record migration

Australia’s workforce reached a new record in participation in November, as the jobs market continued to grow.

The Guardian - AU

Work-from-home rates fall but skill shortages may delay full return to Australian offices

Staff may be eager to come back to workplaces out of concern about career progression, expert says

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