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Australian economy

This Month

Flexible workplaces are the winners in the war for talent

With Australia facing widespread skills shortages, many businesses are having to make similar choices as workers realise they have the power to demand greater flexibility.

  • Ronald Mizen and Gus McCubbing

Skills shortages put speed limit on economic growth

Australia’s skilled worker shortage will put a speed limit on the economy as businesses struggle to meet demand and are forced to restrain output.

  • Ronald Mizen and Michael Bennet

Australia’s big economic challenge

Awaiting this weekend’s election victor is a super strong jobs market but also rising inflation, cost of living pressures, higher interest rates and a mammoth budget repair task.

  • John Kehoe

Letters of 20 May 2022 : Polls hold the key to energy future

Election, energy, fossil fuels, pollution, net zero, oil and gas, carbon challenge, housing, interest rates, super, jobless rate

Labor pledges tax crackdown as deficit tops Coalition’s by $8.4b

In a new announcement to raise $3.1 billion, an ALP government would strengthen the ATO’s avoidance taskforce on multinationals, large companies and the rich.

  • John Kehoe
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Jobless rate’s fall to 48-year low triggers skills warning

The latest Australian Bureau of Statistics job ads data suggests businesses are trying to fill more than 400,000 positions.

  • Updated
  • Ronald Mizen

Women driving force behind 48-year low jobless rate

There are almost 401,000 more people in employment than at the start of the pandemic, and women make up 60 per cent of the newly employed.

  • Ronald Mizen and Gus McCubbing

Parties have plenty of data but no ideas

Four pieces of economic data were always going to dominate the federal election, but bigger issues have not been adequately addressed.

  • Ronald Mizen

Weak wages growth linked to ‘concentrated economy’: Sims

Former competition watchdog Rod Sims says stronger market power of companies in Australia has contributed to higher prices for consumers and lower wages for workers.

  • John Kehoe

Election winner faces a big budget shock

The next federal government will face pressure for faster fiscal consolidation to get underlying inflation back under 3 per cent by mid-2024, as the RBA forecasts.

  • John Kehoe

Letters: Another lost chance for change

Labor misses mark over productivity; Albanese needs to pick side over lawless union; Fossil fuel industry abuses its free ride; Singapore shows way on super for housing; Morrison’s chickens come home to roost

Why Lowe is talking tough on inflation

Reserve Bank of Australia boss Phil Lowe’s blunt warnings have reduced the likelihood that households will face a punishing spike in borrowing costs.

  • Karen Maley

Boosting productivity means everything for higher wages

The political argy-bargy over lifting the minimum wage showed what’s missing from the election campaign is any meaningful national productivity strategy.

  • Richard Holden

How the rampant $US is wrecking the global economy

Rapid-fire interest rate rises in the US are causing headaches all over the world, triggering financial market volatility and currency weakness.

  • Updated
  • Enda Curran and Amelia Pollard

Warped policy priorities mask hidden costs

Climate change linked to support for fossil fuels and housing inequality are emblematic of the policy challenges neither major party wishes to tackle.

  • Jeremy Lawson
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Restaurateur offered $13k to attract workers, but no one applied

Staffing shortages have rocked Victoria’s hospitality industry, with restaurateurs struggling to attract to backpackers to fill the gaps.

  • Gus McCubbing

The ‘teal’ challenge splintering Perth’s blue-ribbon establishment

Political aspirant Kate Chaney’s bid to turn Perth’s blue ribbon seat of Curtin teal is splintering the Perth establishment.

  • Ronald Mizen

The ‘everything’ bull market is over

The next investment cycle could be marked by persistent inflation, higher rates and bigger governments. Investors will need to work harder to find returns.

  • James Thomson

Letters of 13 May 2022: Attacks expose desperate PM

Scott Morrison, Anthony Albanese, federal election, wage rise, inflation, tax cut, Ukraine, China

Letters of 12 May 2022: A wage rise of 5.1 per cent is not enough

Wage rise, inflation, business profits, home prices, climate change, Labor, Tony Abbott