There are two main reasons why the federal government supports running a high immigration program. First, immigration benefits overall economic growth, as measured by headline GDP. Running a high immigration policy allows the federal government to pretend to be a competent economic manager, even when per capita GDP growth is poor and individual living standards

So says Societe General. The AU unemployment rate jumped to 4.46% in September, above any of the Bloomberg survey forecasts. An upward revision to August leaves the average 3Q rate in line with the RBA’s latest SoMP view of 4.3%. However, the uptick skews risk higher for 4Q. Markets have been wrong-footed by single prints

The post RBA to make “insurance cut” appeared first on MacroBusiness.

In the first of a new series tackling clean energy BS, Tristan Edis asks why National Party politicians are so keen to paint renewables as the enemy of the farmer while cheering on fossil fuels?

While the level of migration remains a hotly contested issue, from the nation’s halls of power to backyard BBQ debates, for the longest time, migration conceptually was considered a positive by a majority of the public. But recently, the public’s attitude on the issue has begun to shift significantly. According to polling from Essential from

I love QLD. It is the last state of Australia. But, like Australia, it can be really, really stupid. Queensland has put its southern neighbours on notice and drawn a red line through a gas reservation proposal under consideration. As federal Labor deliberates whether to restrict east coast gas exports to prevent a forecast domestic

The post QLD commits gas suicide appeared first on MacroBusiness.

Former senior immigration department bureaucrat Abul Rizvi posted an article in Independent Australia where he explained how the Albanese government secretly increased the permanent migrant intake well above the official published level. Rizvi showed how Labor “has significantly increased the size of permanent migration compared to the situation pre-pandemic (see Table 3)”. A time series

In 2013, the Grattan Institute, under the energy policy leadership of former Origin Energy executive Tony Wood, lobbied hard against an East Coast domestic gas reservation policy: Grattan also lobbied for Western Australia to remove its gas reservation policy: The federal government listened to Grattan as well as other lobbyists and failed to implement an