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The Latest Breaking News from ABS

Households are hurting. Savings are weak. The future’s uncertain. Is a rate cut near?

While some like to suggest another hike is needed, the RBA is not so quick to dismiss the pain the economy is already feeling

The Guardian - AU

‘There’s 20% more methane than they thought’: new data confirms Australia has been undercounting cattle

The Australian Bureau of Statistics updated its methodology and says there are 4 million more cattle than previously estimated

The Guardian - AU

Australia’s unemployment rate dips to 4% as economy adds 40,000 new jobs

Jobless rate eases as employers shrug off rising costs to keep adding to their workforces

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Jobs market put to test in sluggish economy

Economists expect another relatively robust jobs report for the month of May even as higher interest rates knock the economy around.

AAP

Taylor Swift, Pink and Australian Grand Prix boosted national economic activity in March quarter

ABS says spending for the period would have been lower for clothing, merchandise and dining if not for Eras tour

The Guardian - AU

'We have a plan': state reacts to housing crisis outcry

A real estate body has called on authorities to provide an accountable delivery plan, describing the Queensland's housing crisis as "woeful".

AAP

Migration has been blamed for the housing crisis, but it’s not that simple

Cutting permanent migration and capping student numbers won’t help much – but experts say it could hurt a whole lot

The Guardian - AU

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Australia’s unemployment rate rises to 4.1% reducing chance of another RBA interest rate hike

Jobless rate increases from a revised 3.9% in March but it’s a mixed picture with employers adding 38,500 jobs overall

The Guardian - AU

Australia’s unemployment rate rises to 3.8% in March as employers shed more than 6,000 jobs

Reserve Bank and Treasury had predicted unemployment rate would rise from February’s 3.7% as interest rates bite

The Guardian - AU

Australians dropping fruit and vegetables from diet amid cost-of-living crisis

ABS data shows changes in grocery consumption, prompting concerns over eating habits and the nation’s health

The Guardian - AU

New Zealand goes off-piste looking for Aussie tourists

Australians aren't picking New Zealand as a holiday destination as much as they used to - but are spending more when they do.

AAP

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 Herald

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.

USAFacts

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.

The Guardian - AU

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

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

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The Guardian - AU

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

AAP

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

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

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