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The Latest Breaking News from Australian Bureau of Statistics

How we invented 'unemployment' – and why we're outgrowing it

When Labor leader Anthony Albanese couldn’t quote Australia’s unemployment rate in the first week of the election campaign, many said it didn’t matter: the Australian Bureau of Statistics figure was “meaningless”; “fudged”; “manipulated”; and didn’t count all those who had registered for JobSeeker.

The Conversation

Twice as many Aussies heading overseas since borders opened, but numbers still lag well below pre-pandemic norm

Australians continue to tentatively return to overseas travel, but only one demographic has come anywhere near its pre-pandemic peak.

ABC News

Home lending plunged 6.4 pct in April

Borrowing for housing fell 6.4 per cent to $30.99 billion in April, representing a steeper fall than economists were expecting.

AAP

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Building approvals show more modest fall

Building approvals showed a more modest decline in April after the wild swings recorded in the early stages of 2022.

AAP

In an age of low unemployment in Australia, what about those locked out of the jobs market?

Governments have long ignored a fast-growing cohort of people who live with illness or disability that prevents them from working

The Guardian - AU

Michael Sukkar says Coalition policies have pushed first home buyers to their highest levels in 15 years. Is that correct?

Housing Minister Michael Sukkar says the Coalition is responsible for getting the level of first home buyers to its highest in 15 years. RMIT ABC Fact Check runs the numbers.

ABC News

Weighing up the counter-offer

Counter-offers are flying in today’s abundant job market. With so many positions unfilled – 423,500, according to the Australian Bureau of Statistics –

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Cost of living forces record number of Australians into second jobs to stay afloat

A record number of Australians are taking on extra jobs as the cost of living skyrockets. Here's how some of them are trying to keep up.

ABC News

Cutting through the accusations and acrimony to get to the facts of the second leaders' debate

The second leaders' debate on the Nine Network was full of accusations and acrimony. RMIT ABC Fact Check cuts through the shouting to bring you the facts.

ABC News

Big US rate hike a warning for Australia

The biggest rate hike by the US Federal Reserve in 22 years could be an indication of the measures the Reserve Bank may need to take to curb inflation.

AAP

The cost of living is surging, so why will the RBA add to it by raising interest rates?

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it.

ABC News

Morning mail: rent increases outstrip government assistance, inflation set to hit 4.5%, life-drawing’s new era

Wednesday: Rental prices rise by up to 20.2%, while rent assistance increases only 4.5%. Plus: how life drawing became more inclusive

The Guardian - AU

Labor unveil budget plan, PM touts regions

As Labor outlined its economic strategy, Prime Minister Scott Morrison has made a direct pitch to regional voters as climate divisions loom.

AAP

What key numbers should Australian politicians – and voters – know and care about?

Anthony Albanese fluffed jobless and cash rate questions but other figures indicate where the country is heading

The Guardian - AU

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ABC News

Labor politicians are responding to the pre-election budget by attacking the government's record. Here's what you need to know to interpret their claims

Shadow Treasurer Jim Chalmers and Opposition Leader Anthony Albanese have responded to the Coalition's pre-election budget with a string of attacks on the government's record. How do they stack up?

AAP

Modest post-flood recovery in jobs

The Australian Bureau of Statistics said payroll jobs rose 0.2 per cent in the early weeks of March, only a partial recovery from flood-affected February.

ABC News

Rising cost of living presenting a challenge for some Australians on the age pension

According to the Australian Bureau of Statistics, living costs increased by 2.6 per cent for working households in the December 2021 quarter. For age pension households, that figure was 3.4 per cent.

ABC News

Queensland teacher shortage reaching 'crisis point' with 270 vacant teaching posts

Teacher shortages across parts of regional Queensland are reaching "crisis point", turning classrooms into little more than child minding centres, parent advocates say.

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AAP

Jobless rate could fall below 4pct soon

The unemployment rate could fall below 4 per cent sooner than forecast in this week's federal budget with the number of job vacancies growing in recent months.

ABC News

Victoria's population shrank by almost 45,000 at pandemic's height

Almost 45,000 people left Victoria at the height of the COVID-19 pandemic, according to the Australian Bureau of Statistics.

AAP

Budget to provide practical household help

Economists expect a much-improved bottom line when Treasurer Josh Frydenberg hands down his fourth budget on Tuesday.

AAP

Unemployment rate drops to four pct

The Australian Bureau of Statistics says the unemployment rate dropped to four per cent in February, as 77,400 people joined the workforce.

ABC News

Property prices rose by 4.7 per cent across Australia's eight capital cities in the last quarter

The latest figures from the Australian Bureau of Statistics show the average property price across Australia's eight capital cities has now risen by 23.7 per cent over the past 12 months.

AAP

Petrol bowser pain flows for some time yet

Treasurer Josh Frydenberg has warned petrol prices could remain elevated for some time yet as a result of the war in eastern Europe.

The Guardian - AU

Australian Bureau of Statistics report on Covid deaths misrepresented by rightwing media

Analysis: Commentators and news websites have spread incorrect information on Covid deaths in Australia, feeding conspiracy theories

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