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Showing 91 - 100 of 1878 results for "Australian Bureau of Statistics"

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
It was good - so good - while it lasted. But as the saying goes, "nothing lasts forever". It had been more than a generation since Australia experienced "the recession we had to have" back in 1990/91. The Australian economy withstood the US savings ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
Australian private new capital expenditure (capex) usually commands attention before and during its release for it provides an indication of domestic firms' optimism towards future growth as well as, itself, being a driving component of that growth. ...

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
Down, down, prices are down... big time! The Australian Bureau of Statistics (ABS) reported that the country's headline inflation dropped by 1.9% in the June quarter - the largest quarter on quarter decline in the 72-year history that the statistician ...

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... released. Unemployment has now hit 7.4%, the highest it has been in two decades, according to the Australian Bureau of Statistics (ABS). There were 210,000 jobs gained in the period but these were mostly driven by an increase in part-time employment ...

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
"The Australian economy is fighting back." Prime Minister Scott Morrison's declaration referring to the bounce back in the Australian labour market wouldn't have rung hollow had it not been for the second wave in Victoria - the country's ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
... unemployment rate surging from 5.2% in March to 6.4% in April to 7.1% in May - and according to the Australian Bureau of Statistics (ABS), had it not been for the decline in the participation rate, the jobless rate would have risen from around 8.1% to ...

Unemployment hits 21-year high

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
Figures released by the Australian Bureau of Statistics (ABS) show unemployment has risen to its highest in 21 years due to the effects of the COVID-19 lockdown measures. Employment decreased by 227,700 people, down 1.8%, between April and May this ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 19 JUN 2020
... 5.2% in March to 6.4% in April to 7.1% in May - doesn't surprise. In fact, according to the Australian Bureau of Statistics (ABS): "Had the increase in the number of people who were not in the labour force between April and May (142,000) been a further ...

Chief economist update: Australian Renaissance

BENJAMIN ONG  |  MONDAY, 15 JUN 2020
... escape a technical recession -- Federal Treasurer Josh Frydenberg acknowledged as much after the Australian Bureau of Statistics (ABS) released figures showing that GDP contracted by 0.3% in the March 2020 quarter - the 'OECD Economic Outlook, June ...

Property yet to show COVID-19 pain

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... of COVID-19," he said. Kelly added that with the new lending to household data released by the Australian Bureau of Statistics, lending to households for investment in dwellings decreased 16.3% over the quarter and decreased 13.1% for owner occupiers. ...