Blogotariat

A recent report from CBA economist Harry Ottley illustrated the unprecedented rise in non-market sector jobs over the past decade. This sector includes the health care and social assistance, education and training, and public administration and safety industries. It includes both public and private service providers that rely on government funding. The non-market sector has

The post NDIS job boom delivers productivity bust appeared first on MacroBusiness.

The latest batch of housing construction data from the Australian Bureau of Statistics (ABS) shows that the Albanese government’s target of building 1.2 million homes over five years is nowhere close to being met. First, in the year to May 2025, only 182,900 dwellings were approved for construction, 57,100 (24%) below the 240,000 required to

The post Australia’s intractable housing shortage appeared first on MacroBusiness.

Earlier this year, Matt Bell from The Australian posted an article based on the Hays 2025 Skills Report claiming that Australia was facing a skills crisis, with businesses unable to find workers with the right skills. The latest recruitment data from Jobs & Skills Australia shows that employers are now finding it considerably easier to

The post Australia stuffed full with low-skilled workers appeared first on MacroBusiness.

DXYT softened last night as the great narcissist⁣ resumed attacking the Fed. AUD firmed. Lead boots are rolling over. Oil liked the chaos, oill did not. Metlas no bueno. Big mining bear fully intact. EM tried. Junk too. As yields cooled on a softish PPI. Stocks meh. The PPI helped offset yesterday’s bad CPI (in

The post Australian dollar chaos as loon Fed attacks Fed appeared first on MacroBusiness.

A busy night of data, geopolitics, plus absurd politics as the Trump regime looks to fire Fed Chair Powell because he won’t lower rates (even though he only has one vote and there’s clear evidence of an inflationary push from the tariffs). This kept Wall Street on its toes but eventually Trump TACO’d out again

The post Macro Morning appeared first on MacroBusiness.

The activist group Palestine Action was designated a terrorist organization by by Parliament on July 2 after it splashed red paint on a British war plane in protest of it assisting Israel’s genocide in Gaza. The non-violent group is in court challenging its designation by a violent government. The author, a former British diplomat, was in the courthouse and filed this report. This is the second and last installment of his two-part article.

Another possible surrogate for the control of potential enemies of society is the reintroduction, in some form consistent with modern technology and political processes, of slavery. Up to now, this has been suggested only in fiction, notably in the works of Wells, Huxley, Orwell, and others engaged in the imaginative anticipation of the sociology of the future.

read more

Most people have been appalled or sickened by the images coming from Gaza, of flattened cities, rows of shrouded corpses, dead or dismembered children, mangled babies, emaciated children, lists of journalists and health-workers targeted. In the western world, people have been demonstrating in their many thousands against this genocide in Gaza. So what do governments do? They are more concerned with placating Israel and stopping the protests than stopping the genocide, even to the point of criminalised protesting1. 

China solar giant proposes huge solar and battery hybrid project, designed to tap into a new wave of industrial and electrification loads on Australia's western grid.

Risk markets continue to weigh up last night’s US CPI print with tariff inflation beginning to hit the US domestic economy, with the Fed likely to hold instead of cut for the rest of the year. More “frameworks” and “thinkings about deals, maybe” are being announced by the Trump regime as US Treasury yields drift

The post Macro Afternoon appeared first on MacroBusiness.

As we know, Australia hates Donald Trump in part because of his stance on climate change. What most Australians don’t know, however, is that the US has done a much better job of decarbonising itself cheaply than we have. The recent change has been part of the post-COVID recovery. While the US has rehabilitated industry,

The post US energy transition far better than Australia’s appeared first on MacroBusiness.

Natalie Collard, the CEO of Farmers for Climate Action, discusses how renewables can boost farm incomes, strengthen local economies, and creating a more equitable energy future. Natalie Collard is the CEO of Farmers for Climate Action.

The groveller-in-chief will grovel. China Daily, a state media outlet, trumpeted the unusual length of Albanese’s visit (six days) and claimed the prime minister’s office saw the trip as a “friendly gesture” made “against the backdrop of rising tensions between the United States and many countries”. …Earlier in the day, TV journalists at the Drum

The post Albo is a Xi Jinping mini-me appeared first on MacroBusiness.