Blogotariat

Australia’s unemployment rate is currently at a historically low 4.3%, and the Reserve Bank of Australia’s (RBA) most recent Statement of Monetary Policy predicts that it will continue around this level until the end of 2027. The fundamental reason for Australia’s low unemployment rate is that government spending has resulted in a record increase in

The post Shots fired across Australia’s bloated public service appeared first on MacroBusiness.

For months, the strong rebound in net permanent and long-term (NPLT) arrivals has pointed to rising immigration and population growth. The latest civilian population data contained in the October labour force release from the Australian Bureau of Statistics (ABS) suggested that population growth has rebounded, alongside the rebound in NPLT arrivals: Wednesday’s Q3 2025 national

The Albanese government is not about to implement a national-interest East Coast gas reservation scheme. It is about to deliver what the LNG cartel itself campaigned for. Cabinet has not signed off on the final details of the reservation scheme, but several senior government sources unauthorised to speak publicly said the government was preparing to

The post Alboism: Just do what the gas cartel says appeared first on MacroBusiness.

A slowing or deep diving US labour market (not that we would know given the lack of NFP prints) saw a lot more weakness in USD overnight as markets anticipate a full rate cut by the Fed in next week’s meeting. Wall Street continued to edge out higher with European stocks dragged along while Treasuries

The post Macro Morning appeared first on MacroBusiness.

On Tuesday, I reported on the following chart from Alex Joiner at IFM Investors showing how real non-mining sales of goods and services in Australia have grown by 51% since 2002. However, when adjusted for population growth, real sales have remained flat, growing by just 2% since 2002: The chart highlighted how the Australian economy has

The post Australian economy is stuck in the low-growth zone appeared first on MacroBusiness.

Washington has decided to stop negotiating with the supporting cast and go straight to the main stage. For the first time since the US revived its push for a negotiated end to the Ukraine conflict, the center of gravity has shifted to Russia.

The first rant I ever posted on this blog all the way back in early 2017 was entitled Gun Nuts and it referred to data from 2013 on general gun deaths in the US. At that time 33,534 people were killed by guns, at a rate of 10.35 per 100,000 people. In Australia in the same year 225 people were killed by guns, at a rate of 0.94 per 100,000 people1.

The conversation between Russian President Vladimir Putin and US President Donald Trump’s envoy Steve Witkoff was constructive, very useful, and substantive, according to Russian Presidential aide, Yuri Ushakov.

He made the comment after five hours of talks between the Russian president, his envoy Kirill Dmitriev, and US President Donald Trump’s special envoy Steve Wtikoff which fininshed after midnight local time.

New data centres will be expected to bring their own renewable and battery supply, and AEMO says they must follow strict rules that will help the grid, not break it.

A new 1.5 gigawatt project, backed and hosted by local farmers who held a tender for the facility, has hit the EPBC queue with a big battery in tow.

Down she goes, and where she stops nobody knows. Sales drowning. Year to date sinking. Inventory bouyant. Completions taking on water. Some of this is the recently banned data. It is not clear if the data remains are available to subscribers. Meanwhile, the reason for the ban is going to the bottom like a holed

The post Chinese property sinks to the bottom appeared first on MacroBusiness.

The Market Ear. It doesn’t matter… …until it matters. Note the latest short term gap between the US 10 year (inverted) and SPX. We saw a similar early gap form between the two in late October, before SPX “joined” the move. Source: LSEG Workspace Once again? In late October we saw the 10-year pick up

The post Bulls and bears duke it out appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) has released the Q3 2025 national accounts, which reported a 0.4% rise in headline GDP over the quarter and a 2.1% rise through the year. The result disappointed analysts’ expectations, which had tipped a quarterly rise in GDP of 0.7% and an annual increase of 2.2%. The result was

The post Australian economy remains per capita recession bound appeared first on MacroBusiness.