Finance

Unemployment could soon be at 3%. Here’s why it’s not going up anytime soon

Economy

Peter Martin

19 August 2022

What’s driving this new ultra-low unemployment? It’s been harder for employers to get workers, because borders were closed, and because of unusually high rates of people off sick.

Real wages in Australia fall by fastest rate on record ahead of Jobs Summit

Economy

Matthew Elmas

18 August 2022

Australian households are suffering under the sharpest decline in purchasing power on record as “sluggish” wages growth continues to lag behind skyrocketing prices for everyday essentials.

Australia’s inflation rate will soon be published each month. Here’s what that means

Economy

John Hawkins

18 August 2022

Australia’s consumer price index is about to go monthly, meaning Australia will join most of the developed world in getting an update on inflation at the end of every month, instead of once every three months as at present.

Small businesses are finding it harder to build employee numbers than big business, Employment Hero data shows

Economy

David Adams

17 August 2022

New data has outlined how the labour shortage and cost pressures are impacting employers nationwide.

It’s eInvoicing Week, and the ATO says adopting the next-gen system could save your business time and money

Economy

David Adams

15 August 2022

The ATO and bookkeeping providers have hailed the launch of eInvoicing Week, celebrating the new digital invoicing process which promises to save time and money for small businesses across Australia.

The shape of Labor’s Jobs and Skills Summit is becoming clearer as business groups call for industry diversification and IR reform

Economy

David Adams

15 August 2022

With barely a fortnight until the Jobs and Skills Summit, immigration, innovation, and industrial relations have become major agenda items.

Australia’s top economists on how to best fix high inflation

Economy

Peter Martin

15 August 2022

Australia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year.

“Costs have soared”: With cooking oil prices up nearly 70%, inflation is grilling Australia’s burger joints

Economy

David Adams

9 August 2022

With inflation soaring, fast food vendors aren't safe from economic pressures — and the humble burger may be one of the clearest indications of how sharply costs are rising.

Low-income Aussies to be hit hardest by inflation, and RBA says incomes won’t grow until late 2024

Economy

Bernard Keane and Glenn Dyer

8 August 2022

Low-income Australians can't do a thing about inflation, but they'll have to wear the cost of dealing with it.

More bank branches to close as Westpac, CBA and NAB to layoff 182 staff combined

Economy

Melissa Iaria

8 August 2022

The Westpac Group will close 24 branches, CBA will close five and the NAB will close eight banks, the Finance Sector Union says.