Shock unemployment rise defies ‘tight’ jobs market
Australia's jobless rate has soared to 4.5 per cent, the highest level since 2021, defying predictions from economists.
Australia's jobless rate has soared to 4.5 per cent, the highest level since 2021, defying predictions from economists.
Construction is behind schedule by tens of thousands of homes, fresh figures reveal, after the first full year of a Federal Government housing goal.
Crucial economic data in coming weeks could determine when mortgage holders can expect more interest rate relief, the Reserve Bank board says.
Treasurer Jim Chalmers has announced significant changes to taxes on large super balances, above $3 million, in a bid to raise political support for the reform.
The PM's office is briefed all the time on a range of issues, says Anthony Albanese after a hearing was told of conversations over a plan to tax super balances.
Australia's central bank will reveal what went on behind closed doors when it decided to keep the cash rate on hold, while key job figures are due for release.
House prices could surge and mortgage defaults rise when a government scheme to help first home buyers begins ahead of schedule, experts warn.
A federal program allowing just a five per cent deposit for people to get their first home has been brought forward by three months.
Australia's jobless rate rose from 4.1 per cent to 4.3 per cent in June, in a surprise outcome driven by a 34,000 increase in the number of unemployed people.
Australian super balances have fallen for the first quarter since 2022, with funds warning of further risks posed by Donald Trump's "America first" agenda.