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The Latest Breaking News from the Bureau of Statistics

Bank's big rate call after 'ugly' inflation print

A big four bank has pushed back its forecast for the next Reserve Bank rate cut after Australia's headline inflation rate jumped in August.

AAP

Labor’s Measuring What Matters is a worthy goal – but one that has utterly failed to live up to its promise

The wellbeing framework has become little more than a data dump – but at least it highlights how little stock we should put in productivity figures

The Guardian - AU

At 2.7%, Australian inflation is back within the RBA zone. Here’s why that matters

A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%.

The Conversation

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No RBA rate cut yet, but Governor Bullock is about to find the pressure overwhelming

Who’d want to be Reserve Bank Governor Michele Bullock? On Tuesday she had to do the almost impossible: defend a decision not to cut interest rates at a time when they were being cut in just about every other major industrial nation.

The Conversation

Despite what you’ve read, Jim Chalmers’ wellbeing framework hasn’t been shelved – if anything, it’s been strengthened

Reports in The Australian suggesting Treasurer Jim Chalmers has shelved his budget wellbeing framework, known as Measuring What Matters, are incorrect.

The Conversation

Peter Dutton wants to cut migration for the sake of housing. Here’s why that’s not a good idea

Opposition Leader Peter Dutton has suggested the level of Australia’s permanent migration program be reduced from 185,000 – as proposed by the government in the budget – to 145,000. This is a significant reduction.

The Conversation

House prices just keep rising – everyone but the Australian government can see it’s a good investment

Taking an equity stake in a sector that so far has weathered three of most turbulent years makes financial sense and would improve housing affordability

The Guardian - AU

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We're in a per capita recession as Chalmers says GDP 'steady in the face of pressure'

Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics on Wednesday, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”.

The Conversation

Unemployment is staying low at 3.5%. But for those out of work, here's why it's become harder to get a job

Slower employment growth, faster population growth and a steady rate of unemployment are the main stories from the Bureau of Statistics’ labour force update, released on Thursday.

The Conversation

Unemployment rate falls to 3.5% as the economy adds 32,600 jobs in June on latest ABS figures

The bureau of statistics labour numbers will be examined closely by the Reserve Bank when it meets on August 1 to consider interest rates

The Guardian - AU

Wages growth hits a decade high, but no smoking gun for another RBA interest rate hike

Wages growth is at its highest level since 2012, with around 50 per cent of workers seeing pay increases above 3 per cent, but it is still well behind inflation.

ABC News

4 ways to bring down rent and build homes faster than Labor's $10 billion housing fund

Treasurer Jim Chalmers is the first in decades to declare war on what he calls the “pain of rising rents”.

The Conversation

ASX slips as inflation slows, Wall Street sinks on recession fears as First Republic Bank plunges 49pc

The Australian share market closed slighlty lower after the latest ABS figures showed that inflation fell from its December quarter peak, while Wall Street suffered its biggest falls in a month as fears of a banking crisis resurfaced, leading to shares of First Republic Bank plunging 49 per cent overnight.

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