Unemployment rate rise on ‘the softer side’
Economist says numbers 'suggest that the labour market and wages will not be a source of upside inflation risk for the RBA'.
The policies shaping our future
Economist says numbers 'suggest that the labour market and wages will not be a source of upside inflation risk for the RBA'.
The ACTU has called for a rise in the number of public houses built in its next policy fight, but the treasurer is confident the right settings are in place.
About 16,000 jobs fell out of Australia's economy in July, pushing the unemployment rate up to 4.5 per cent and adding to the case for no more rate hikes.
Late-stage changes to the so-called widow's tax will become law following a deal struck between Labor and the coalition.
Federal tax changes threaten states and territories' budget bottom lines, but Australia's fiscal outlook remains steady, a new report says.
Westpac economists expect July jobs figures to show a rise in employment of 15,000, down from June, which should keep the unemployment rate steady.
A change to the nation's deeming rate from September will decrease the pension offered to seniors who own assets.
Insatiable demand for computing power has pushed up prices for technology products, driving up imported inflation to Australia, a Reserve Bank official says.
Coalition joins Labor to close widow's tax loophole as it agrees to support changes to NDIS funding.
Peak body noted the potential risk of a housing market slowdown on property tax revenue, particularly stamp duty.