Blogotariat

NSW remains Australia's biggest coal state, but not for long. And the start of a unique contract with what will be the world's most powerful battery has got everyone excited.

The US is having a grown-up jobs debate that would serve Australia well (or it would be if the Child President didn’t sack everybody he disliked). Goldman is typical. The Bureau of Labor Statistics (BLS) will publish a preliminary estimate of the benchmark revision to March 2025 nonfarm payrolls on September 9th. We estimate a downward

The post Yes, Karen, immigration impacts the labour market appeared first on MacroBusiness.

The news on inflation continues to improve, following the latest benign Q2 CPI print from the Australian Bureau of Statistics (ABS). On Monday, the Westpac-Melbourne Institute (MI) monthly CPI gauge was released. As illustrated below by Justin Fabo from Antipodean Macro, quarterly trimmed mean inflation remained low in July, undershooting the ABS measure. On Fabo’s

The post Lower Aussie inflation, but fewer rate cuts appeared first on MacroBusiness.

WA's main grid has a "connection-ready" pipeline of more than 12 gigawatts of renewable energy projects, the state-owned network company has revealed.

The sad vestige of globalism marching across the Harbour Bridge this weekend has met its maker already. Prime Minister Benjamin Netanyahu has reached a decision for the full occupation of the Gaza Strip, including operations in areas where hostages are held, a source in the Prime Minister’s Office told The Jerusalem Post on Monday. Meanwhile, the sad

The post Harbour Bridge goes back to traffic appeared first on MacroBusiness.

Victoria disease is metastasising: The economies of Victoria’s neighbouring states may be the real winners of Premier Jacinta Allan’s plan to enshrine in law the right to work from home, as businesses eye a possible move across the border, the peak business bodies in Labor-led NSW and South Australia say. Ms Allan announced on Saturday

The post Welcome to Helbourne the happy appeared first on MacroBusiness.

Higher-priced properties are typically the most volatile and sensitive to changes in interest rates. This volatility is illustrated by CBA below, which plots quarterly dwelling value growth for the most expensive homes against the least expensive homes. This greater volatility reflects the fact that the market for the most expensive homes is thinner and when

The post First home buyers squeezed by soaring prices appeared first on MacroBusiness.

Last month the ABS announced that it would not be releasing the 2023-24 Survey of Income and Housing due to data collection issues. In the ABS’ own words: “Despite work to address these issues, the data did not meet the ABS’ high standards for official statistics and will not be released. This decision means that

The post Australia’s economic statistics fly blind appeared first on MacroBusiness.

Perhaps the most enduring mystery dogging the Albanese government is why it has taken no action to reduce gas prices. This one reform is such low-hanging fruit, so easy to do, with such immense economic upside, that the failure to act upon it is the single most toxic symptom of Australian political failure in the

The post Everybody wants to kill the gas cartel appeared first on MacroBusiness.

Wall Street rebounded overnight in what looked like a short covering exercise but barely managed to cover the Friday night losses while the USD remains on the ropes as it only moved higher against Swiss Franc as the likelihood of the Fed cutting rates much sooner increases. US Treasuries again saw further moves lower across

The post Macro Morning appeared first on MacroBusiness.

Energy utility says it will shut down the gas network supply 10 regional towns because "it is no longer viable" for its customers or its business.

Moscow believes that conditions for maintaining the 1987 Intermediate-Range Nuclear Forces (INF) Treaty with the US have “disappeared” and “no longer considers itself bound” by it, according to a statement from the Russian Foreign Ministry.