The Latest Breaking News from the Bureau of Statistics

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.

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

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

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”.

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

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.

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

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.