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Showing 111 - 120 of 1810 results for "The Australian Bureau of Statistics"

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
... this went towards the rent or mortgage, and household and credit card bills. According to the Australian Bureau of Statistics, the average withdrawals were $7728 and $7536 across the two tranches. The institute said in retrospect, the government should ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... the height of the pandemic." This was how Michelle Marquardt, head of price statistics at the Australian Bureau of Statistics (ABS), explained the latest figures on the growth in wages in the domestic economy. Growth in total wages accelerated to 1.5% ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
Latest inflation figures released by the Australian Bureau of Statistics (ABS) underscore both the Reserve Bank of Australia's prescience and governor Philip Lowe's expectation that the official cash rate will remain low until at least 2024. ...

ERS spending revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
The Australian Bureau of Statistics has revealed what people who accessed their super early due to financial hardship caused by COVID-19 spent the money on. The ABS found that 29% of people who accessed their super in the early release of super program ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
Australia is back! Back on track after its economy was cruelly interrupted by the COVID-19 pandemic. This space had been ranting about the virtuous cycle that had been circling around the nation since activity and business and consumer sentiment indicators ...

Chief economist update: ScoMo cannot miss new vaccination target

BENJAMIN ONG  |  TUESDAY, 13 APR 2021
Some move the goalposts when they can't hit the target, but Prime Minister Scott Morrison did one better and all but abandoned his government's vaccine roll-out target. Taking to Facebook, Morrison announced on April 10 that: "The government ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
"Getting strong now, won't be long now, getting strong now Gonna fly now, flying high now, gonna fly, fly, fly..." -Bill Conti, Gonna Fly Now As sure as this theme from the 1977 classic Rocky is remembered by film buffs and boxing aficionados everywhere ...

Chief economist update: Australia's not jobless recovery

BENJAMIN ONG  |  FRIDAY, 19 FEB 2021
It's only been only two weeks since the Reserve Bank of Australia (RBA) provided a more optimistic assessment of and outlook for the domestic labour market. In its February 2021 'Statement on Monetary Policy' (SoMP), the RBA declared that ...

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
"Never ask a barber if you need a haircut," Warren Buffett once famously advised. The barber's nod will invariably be met with opposition from shampoo manufacturers. Such is the divide between the Morrison government (the barber) and labour unions ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... June 2020 quarter - the largest quarterly fall in the 72 year history of the CPI. However, the Australian Bureau of Statistics reported that the country's headline inflation growth decelerated from the 1.6% quarterly rate in the September quarter ...