In the second last line of the RBA’s exhaustive forecasts out to December 2027 was their projection for real wage growth in year-on-year terms at 6-month intervals. According to an analysis from Greg Jericho, the policy director at the Centre for Future Work, what they have projected is effectively two separate recessions for real wages
Why are wrongful dismissal claims soaring?…Everyone has a theory. A weakening job market. Artificial intelligence-assisted applications. Greater media attention on the cases leading to greater worker awareness of their rights. Did something break in people’s attitudes during the pandemic that contributed to the increase? Has working from home done something to curdle workplace relationships? A
I know that you know, but you’ll never be able to prove it,” Graham Richardson once said to me more than 20 years ago, back when we were still talking.
For a reporter whose career has been spent uncovering crime and corruption, Richo was the one who got away.
Long lunches, Swiss bank accounts and a kangaroo scrotum: My decades pursuing Graham Richardson
Canberra is on a charge for the media moguls. Facebook owner Meta would be liable to pay the Australian Taxation Office more than $112 million a year if it fails to strike commercial deals with local publishers under new laws aimed at forcing recalcitrant social media platforms to pay for news. But the tax, which
Australia’s population grew by an extraordinary 8.5 million (45%) over the first 25 years of this century, far exceeding the population growth of other advanced nations. Over the four years from Q1 2021 to Q1 2025, Australia’s population grew by an estraordinary 1.88 million (7.9%)—equivalent to adding an Adelaide and Hobart to the nation’s population.
Amid the frenzy of economists calling rate holds and hikes, Westpac is making the most sense today. The bank argues that after a poorer performance in September, employment was stronger than anticipated in October, resulting in growth on a three-month average that was about ½ppt slower than it was six months prior. Moreover, the unemployment
The Market Ear on when things fall apart. Lower high SPX may be carving out a lower high, not a bullish look. 6800 is the key short-term support in futures; lose that and you’re into the channel lows and 50-day near 6750, with the big 6700 zone right below. Source: LSEG Workspace Momentum loss NASDAQ
The post Things fall apart appeared first on MacroBusiness.
