Thursday’s labour market release from the Australian Bureau of Statistics (ABS) was superficially good, with the headline unemployment rate remaining at a low 4.1% in February (4.05% in unrounded terms). This meant that Australia’s headline unemployment rate remained slightly below the Reserve Bank of Australia’s (RBA) projections. That was where the good news ended, however,
China (31.5% of total), the United States (13.0% of total) and India (8.1% of total) are the world’s three largest carbon emitters. In 2023, these three nations accounted for more than half (52.6%) of the world’s carbon emissions. As illustrated above, China and India are rapidly growing their emissions while the developed world is cutting
As we know, Australian industry has been dying for decades. So much so that we leading the OCED into industrial oblivion. Now, the death of Australian industry is at hand. Bloomberg. Near the Indonesian city of Surakarta, a one-time royal capital on the island of Java that’s long been known for producing elaborate fabrics, dozens
A very mixed session across Asian stock markets despite a rebound on Wall Street overnight with steady Chinese interest rates not lifting stocks in the Middle Kingdom as expected while local stocks ending up higher on the latest unemployment numberwang print. The USD is trying to fight back as it remains weak against Euro and
The Reserve Bank of New Zealand has cut the official cash rate by 1.75% to 3.75% over the past six months. New Zealand’s gross domestic product (GDP) rose 0.7% in the Q4 2024 quarter, following a 1.1% decrease in the Q3 2024 quarter, according to figures released by Stats NZ on Tuesday. The result was
ABS Labour Force today was OK at the headline level but sucked underneath. In seasonally adjusted terms, in February 2025: unemployment rate remained at 4.1%. participation rate decreased to 66.8%. employment decreased to 14,513,200. employment to population ratio decreased to 64.1%. underemployment rate decreased to 5.9%. monthly hours worked decreased to 1,973 million. full-time employment
Deloitte Access Economics has forecast that the federal budget will spend $99 billion off-budget over the next four years, with off-budget spending referring to when governments label spending as an investment rather than an expense. Deloitte Access Economics’ prediction represents a $10 billion increase on the December Mid-Year Economic and Fiscal Outlook (MYEFO), due to
Markets took a tumble this month. During downturns there are plenty of mistakes that investors make and things that they should be doing. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen dive into the most common mistakes and things you should be doing in your portfolio. Can’t make it to the
And now for a dose of European exceptionalism! The Market Ear. The Old Country is now the new hot darling Everything is going Europe’s way right now. Stocks are outperforming, inflows have just started, there are macro green-shoots and valuations are still cheap. Let’s once again revisit the new darling macro case that is Europe.
The Albanese government has set a fantastical target of building 1.2 million homes over five years. To meet this target, Australia would need to build many shoebox apartments. New South Wales and Victoria have introduced planning reforms allowing the blanket construction of high-rise towers across Sydney and Melbourne activity centres. The widespread push for density