The Australian Bureau of Statistics (ABS) has released the Q1 wage price index, which rose by 0.9% over the quarter to be 3.4% higher year-on-year: The result was stronger than expected, with analysts tipping a 0.8% rise over the quarter and 3.2% year-on-year. The rise in wage growth was driven by the public sector, where
The post Australian wage growth hits RBA target appeared first on MacroBusiness.
Australia’s manufacturing industry is in terminal decline, falling to only around 5% of the economy in 2024, down from around 14% in the late 1970s. Australia has the lowest manufacturing share in the OECD. One of the recent causes of Australian manufacturing decline has been soaring energy costs on the East Coast of Australia. East
Labor is set to have more than 90 seats in the lower house when the new parliament sits for the first time. However, Crispin Hull has questioned the notion that Labor won this month’s federal election in a “landslide”: In fact, fairly modest swings were hugely magnified and amplified by the electoral system to result
The post Labor’s election “landslide” overblown appeared first on MacroBusiness.
The Market Ear on the recession that never was. Best recession ever Once again, the recession never came. Economists and markets spent much of the past year bracing for a downturn—citing rate hikes, inverted yield curves, and slowing indicators—only to watch the economy remain stubbornly resilient. It’s a familiar pattern. As the old adage goes, “macroeconomists
The post The chase begins appeared first on MacroBusiness.
United Kingdom Prime Minister Keir Starmer has called for the nation to take back its borders, saying the UK is becoming an “island of strangers” and that immigrants should learn to speak English. He has announced sweeping immigration reforms with the aim of reducing net overseas migration back to pre-pandemic levels. NEW: UK Prime Minister
For today’s blog post, I thought I’d wrap up the remaining urban teal contests in Sydney and Perth.
To start with, this map shows the seats of Wentworth, Mackellar, Warringah and Bradfield. The first three have incumbent independents running for re-election, while the fourth had a strong contest that is now too close to call. Of course it’s worth emphasising that these maps only show the ordinary election day booths. Large parts of the vote have been cast through other methods and they are usually more conservative.
DXY took a breather. AUD bounced. Lead boots to the moon. Gold prays it ain’t so. Metals go for growth. Miners still stuffed. EM yawn. Junk says nothing ever happened. No yield relief. Stocks only go up. Wall Street bears are in full retreat. Goldman. We expect this move to leave the US effective tariff
The post Australian dollar trumped appeared first on MacroBusiness.
In October 2012, Prime Minister Julia Gillard released a white paper titled Australia in the Asian Century.
The paper offered a lightweight commentary about a coming Asian Century and provided a few thought bubbles on how Australia might respond to such a development. What it failed to understand was that the Asian Century had been well and truly under way for at least 50 years prior to 2012.
Indian students and migration agents celebrated Labor’s federal election victory as a green light to immigration. The Indian community and migration agents know that the Albanese Labor government is a soft touch on immigration. Their view is well-founded, with record international student enrolments: Record graduate visas on issue: And record bridging visas on issue as
Coming Soon! The Real Politick, my own show, returns for Substack patrons only. Here is a preview of the new intro.
MARK SLEBODAMAY 11, 2025
https://marksleboda.substack.com/p/coming-soon-the-real-politick-my
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