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Showing 1 - 10 of 1942 results for "Australian Bureau"

Unemployment edges up despite jobs added

ELIZA BAVIN  |  THURSDAY, 16 JAN 2025
Australia's labour market has remained strong in the December 2024 read, according to the Australian Bureau of Statistics (ABS). The seasonally adjusted unemployment rate rose by 0.1 percentage point to 4% in December. "With employment rising by 56,000 ...

February rate cut unlikely after inflation data

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2025
... rose 2.3% in the 12 months to November 2024, up from a 2.1% rise in the 12 months to October, according to the Australian Bureau of Statistics (ABS). The biggest jumps in prices were in food and non-alcoholic beverages (up 2.9%), alcohol and tobacco ...

Super balances drive household wealth growth

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... for the eighth consecutive quarter, up 2.4% or $401 billion in the September quarter 2024, according to the Australian Bureau of Statistics (ABS). Total household wealth was $16.9 trillion in the September quarter, which was 9.9% ($1.5 trillion) higher ...

Unemployment drops below 4%

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... The seasonally adjusted unemployment rate fell by 0.2 percentage points to 3.9% in November, according to the Australian Bureau of Statistics (ABS). "With employment rising by 36,000 people and the number of unemployed decreasing by 27,000 people, the ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... rose 0.3% in the September quarter 2024 and by 0.8% since September 2023, according to figures released by the Australian Bureau of Statistics (ABS). "The Australian economy grew for the 12th quarter in a row, but has continued to slow since September ...

Inflation remains in RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... Price Index (CPI) indicator rose 2.1% in the 12 months to October 2024, according to the latest data from the Australian Bureau of Statistics (ABS), in line with the Reserve Bank of Australia's (RBA) target range. "Annual inflation was steady at 2.1% ...

Wages grow 3.5% for the year

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... Price Index rose 0.8% in the September quarter and 3.5% for the year, according to the latest data from the Australian Bureau of Statistics (ABS). ABS head of price statistics Michelle Marquardt said this was the first time annual wage growth had fallen ...

Inflation falls within RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... Index (CPI) rose 0.2% in the September 2024 quarter and 2.8% annually, according to the latest data from the Australian Bureau of Statistics (ABS). "The September quarter's rise of 0.2% is the lowest outcome since the June 2020 quarter fall which occurred ...

IMF issues stark inflation warning for Australia

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
... necessary to lift medium-term growth prospects, while support for the most vulnerable should be maintained." The Australian Bureau of Statistics will release September monthly CPI data next week. The Reserve Bank of Australia has said it will be looking ...

Hopes of RBA cut 'in tatters' after jobs data

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... September, in line with the revised figure for August, according to seasonally adjusted data released by the Australian Bureau of Statistics (ABS). "With employment rising by around 64,000 people and the number of unemployed falling around 9000, the ...
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