Chicken Chamlers is at it again. This time on the WA GST deal: At $US128 a tonne, WA’s share of GST would have stayed around the 30¢ per person mark. But as Morrison’s plan meant its share had to increase, billions and billions more had to be tumbled into the GST pot to ensure all
Fresh from the ABS. In seasonally adjusted terms, in January 2024: unemployment rate increased to 4.1%. participation rate remained at 66.8%. employment increased to 14,201,300. employment to population ratio decreased to 64.1%. underemployment rate increased to 6.6%. monthly hours worked decreased to 1,871 million. full-time employment increased by 11,100 to 9,797,800 people. part-time employment decreased by 10,600 to 4,403,500
The Department of Home Affairs has released temporary visa data for the December quarter of 2023, which shows that net overseas migration remained turbo-charged. The charts below summarise the data and compare visa numbers as of 31 December of each respective year. First, there were 2,763,000 temporary visas on issue as at 31 December 2023,
Prime Minister Anthony Albanese indicated in January 2022 – four months before the federal election – that his government would run a lower immigration policy if elected: “His “train locals first” push comes a month after the Labor leader refused to back the government’s plan to bring permanent migration back to 160,000 a year”, The
It just gets worse at Australia’s newspaper-turned-fantasy fruit cake recipe. Unsatisfied with the gaslighting of dying homeless people, The Guardian of Nothing’s intellectual frauds have scoured the earth to find a style of living that agrees with its perverse aesthetic: Meet Konstanze Winter in Delft, a canal-encircled city in the Netherlands best known for its
We have noted repeatedly how Australia’s unemployment rate will likely shoot up this year as employer demand for workers slows and labour supply grows briskly via strong net overseas migration. This puts MB at odds with the Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy (SoMP), which forecast that Australia’s unemployment rate would
Some very dovish Fedspeak and revisions to the latest US PPI print gave equity markets a small lift overnight, following a slump from the stronger than expected CPI print. Wall Street rebounded and futures for Asian share markets look more optimistic as a result although the USD remains fairly strong against most of the majors
Sometimes, being stupid can be an advantage, in the short term: Australia is lagging international peers on the adoption of artificial intelligence and other advanced technologies, according to the Productivity Commission. We are “pretty much toward the bottom of the pack of OECD nations,” Danielle Wood, chair of the commission, said at the AFR Workforce
A great note from TS Lombard that gets it. Time will tell if last week marked a local bottom in Chinese stocks, but the great unwind in China’s FDI and portfolio flows is just starting. The raft of measures put in place by Beijing to stem the market rout, including reports that Xi Jinping has
The Market Ear kicks us off. The Jaws Nothing new really, but the gap between equities and rates has grown very wide in 2024, especially over the past 2 weeks.These days the market is all about the Mag7, but what happens should the rates narrative revive as a driver of equities? Refinitiv Fed funds –