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Showing 1 - 10 of 100+ results for "Australian Bureau of Statistics"

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
The price of iron ore continues to heat up. It broke above the all-time high of US$191.70 a tonne recorded more than 10 years ago (February 2011) on 6 May 2021 and is currently fetching 215.48/tonne. This represents a 31.4% increase from end-2020's ...

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 ...

Women participation rate booms

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... workforce has reached a record high of 61.8%, the latest employment statistics show. Citing new Australian Bureau of Statistics unemployment figures, Senator Jane Hume said Australia has achieved the highest female participation rate in the workforce ...

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: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... overseas growth, chances are Australia's GDP growth could be revised even higher. The latest Australian Bureau of Statistics (ABS) 'Labour Force' report shows total employment is 1800 scalps short of the tally recorded last year before the ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... more jobs in the Australian economy than there were before the pandemic." True that. The latest Australian Bureau of Statistics (ABS) 'Labour Force' report shows total employment increased by 88.7K heads to 13,006,900 workers in February 2021.While ...

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 virtuous cycle

BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
Even before the coronavirus vaccine was injected before Australian Prime Minister Scott Morrison's arm a day before the national roll-out on the 22nd of February this year, this 'Land Down Under' has already been returning to pre-covid normality. ...
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