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Cheeseburger Gothic Thursday, May 15, 2025 - 08:16 Source

I found this bit on ZDNet about a Harvard study on genAI use kind of interesting. Boiled down, it says generative AI in the workplace improves people’s work but erodes their motivation and engagement. There are numbers! Apparently. the psychological toll from a loss of agency and control over cognitively demanding tasks results in an 11% drop in intrinsic motivation and a 20% increase in boredom.

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MacroBusiness Thursday, May 15, 2025 - 08:00 Source

The latest data from the Department of Education shows that a record 1.1 million international students were enrolled in Australia at the end of 2024, nearly 250,000 higher than the 2019 pre-pandemic peak: The number of graduate visas on issue hit a record high of 222,200 in Q1 2025, more than double the 2019 pre-pandemic

The post International students flock to Australia appeared first on MacroBusiness.

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MacroBusiness Thursday, May 15, 2025 - 00:32 Source

If you’re starting a new venture or looking to improve how your business handles money, having the right business bank account can make all the difference. Aside from being a place to store your cash reserves, it can also be used as a tool to make your day-to-day operations easier, streamline your bookkeeping, and even

The post The essential guide to choosing a business bank account appeared first on MacroBusiness.

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MacroBusiness Thursday, May 15, 2025 - 00:05 Source

Wednesday’s Q1 2025 wage price index from the ABS recorded a slight rebound, with wages growing by 0.9% over the quarter and by 3.4% annually: Public sector enterprise agreements drove the rebound in wages. These drove more than half (54%) of the total quarterly wage increase. Real wages remained in the gutter, tracking 6.1% below

The post The shocking collapse of Australian real wages appeared first on MacroBusiness.

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Renew Economy Wednesday, May 14, 2025 - 17:14 Source
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Renew Economy Wednesday, May 14, 2025 - 17:09 Source
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Prosper Australia Wednesday, May 14, 2025 - 17:01 Source
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MacroBusiness Wednesday, May 14, 2025 - 16:31 Source

  AUD/USD   EUR/USD   USD/JPY   GBP/USD   Gold   WTI   Brent   Australia 200   US S&P 500   UK 100   Japan 225        

The post Macro Afternoon: 14 May 2025 appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, May 14, 2025 - 15:15 Source

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Renew Economy Wednesday, May 14, 2025 - 15:12 Source
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Renew Economy Wednesday, May 14, 2025 - 14:55 Source
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Renew Economy Wednesday, May 14, 2025 - 14:47 Source
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Renew Economy Wednesday, May 14, 2025 - 14:05 Source
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MacroBusiness Wednesday, May 14, 2025 - 14:00 Source

Via Roy Morgan. In April 2025, Australian ‘real’ unemployment increased 176,000 to 1,780,000 (up 1% to 11.2% of the workforce) with more people joining the workforce and overall employment dropping in April. The expansion in the workforce was the main driver of the increase in unemployment with 156,000 people joining the workforce lifting the number

The post Roy Morgan unemployment trends up appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 14, 2025 - 13:30 Source

A few weeks back, amid the turmoil of the Trump Administration’s “Liberation Day” tariffs, the futures market was pricing five more rate cuts this year. Earlier this week, the US and China agreed to massively reduce tariffs for 90 days while they negotiate a longer-term deal. US tariffs will be lowered to 30% (from 145%)

The post Markets cool on RBA rate cuts appeared first on MacroBusiness.

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Renew Economy Wednesday, May 14, 2025 - 13:11 Source
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Renew Economy Wednesday, May 14, 2025 - 13:05 Source
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The Tally Room Wednesday, May 14, 2025 - 13:01 Source

In 2022 I wrote a blog post where I explained the phenomenon of the AEC needing to do more distribution of preferences before declaring election results, and thus needing longer to complete this process. We now have updated information for 2025, and can see that this process has become even more complex this year. When you look at how this has changed over two decades, it is a remarkable transformation.

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MacroBusiness Wednesday, May 14, 2025 - 13:00 Source

When the deeply conflicted Saul Kavonic is the go-to guy for media energy analysis, no country could survive. His analysis here includes: ALP broke the gas market by intervening in 2022. LNP lost the election owing to gas reservation policies. We need a pro-business and pro-market approach to energy. Not all of this is horseshit.

The post Saul Kavonic declares himself supreme energy superidiot appeared first on MacroBusiness.

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Renew Economy Wednesday, May 14, 2025 - 13:00 Source
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MacroBusiness Wednesday, May 14, 2025 - 12:30 Source

A bit of a wallflower, though, and not much joy for steel. The latest CISA output has faded to bang on year-ago levels. The growth upgrades have begun. Goldman. We had assumed that the US-China trade talks in Geneva would reduce tariff rates on Chinese products from >100% to 50-60%. The joint announcement released on

The post Iron ore joins the party appeared first on MacroBusiness.

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Renew Economy Wednesday, May 14, 2025 - 12:24 Source
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Renew Economy Wednesday, May 14, 2025 - 12:24 Source
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MacroBusiness Wednesday, May 14, 2025 - 11:51 Source

The Australian Bureau of Statistics (ABS) has released the Q1 wage price index, which rose by 0.9% over the quarter to be 3.4% higher year-on-year: The result was stronger than expected, with analysts tipping a 0.8% rise over the quarter and 3.2% year-on-year. The rise in wage growth was driven by the public sector, where

The post Australian wage growth hits RBA target appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 14, 2025 - 11:30 Source

Australia’s manufacturing industry is in terminal decline, falling to only around 5% of the economy in 2024, down from around 14% in the late 1970s. Australia has the lowest manufacturing share in the OECD. One of the recent causes of Australian manufacturing decline has been soaring energy costs on the East Coast of Australia. East

The post How Australia killed it’s manufacturing industry appeared first on MacroBusiness.

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Renew Economy Wednesday, May 14, 2025 - 11:04 Source

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MacroBusiness Wednesday, May 14, 2025 - 11:00 Source

Labor is set to have more than 90 seats in the lower house when the new parliament sits for the first time. However, Crispin Hull has questioned the notion that Labor won this month’s federal election in a “landslide”: In fact, fairly modest swings were hugely magnified and amplified by the electoral system to result

The post Labor’s election “landslide” overblown appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 14, 2025 - 10:30 Source

The Market Ear on the recession that never was. Best recession ever Once again, the recession never came. Economists and markets spent much of the past year bracing for a downturn—citing rate hikes, inverted yield curves, and slowing indicators—only to watch the economy remain stubbornly resilient. It’s a familiar pattern. As the old adage goes, “macroeconomists

The post The chase begins appeared first on MacroBusiness.

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Renew Economy Wednesday, May 14, 2025 - 10:27 Source
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MacroBusiness Wednesday, May 14, 2025 - 10:00 Source

United Kingdom Prime Minister Keir Starmer has called for the nation to take back its borders, saying the UK is becoming an “island of strangers” and that immigrants should learn to speak English. He has announced sweeping immigration reforms with the aim of reducing net overseas migration back to pre-pandemic levels. NEW: UK Prime Minister

The post UK tightens immigration rules. So must Australia. appeared first on MacroBusiness.

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