Talk of a US recession has Australians worried. Can we avoid it?
With a 44% chance of the US entering recession, what do we need to know about Australia's chances of going the same way?
SMEs bear the brunt of staff shortages, according to ABS
Staffing difficulties are largely because of a lack of job applicants and applicants not having the required skills, new data from the ABS says.
While not the ‘Great Resignation’, there’s been an uptick in Australians switching jobs
The annual February mobility survey published by the ABS in May shows an uptick in the proportion of workers switching jobs, from a record low of 7.5% to 9.5%.
Queensland budget: Payroll tax deduction for SMEs and mental health levy for big business
SMEs are set to benefit from a deduction in payroll taxes in the Queensland budget, while big businesses will pay a mental health levy.
NSW budget makes bid to bring women to the centre of the state’s economic life
For the first time, a major Australian government has placed women’s economic role front and centre in its fiscal and economic strategy.
NSW budget capitalises on recovering economy and GST to spend big
Inflated by GST revenues and mining royalties, the NSW government is able to spend while keeping its fiscal credentials intact.
The RBA was slow to cut interest rates pre-COVID, and it may have cost 270,000 jobs
Research found that between 2016 and 2019 the RBA dramatically under-performed in achieving its two key goals of full employment and price stability.
ACCC investigating energy market profits and potential market manipulation as SMEs bear weight of high prices
Australia's consumer watchdog says it is prepared to take action against energy market participants "distorting or manipulating" prices, as households and small businesses feel the brunt of extreme cost increases.
The US is experiencing a tampon shortage, and the average price is up nearly 10%
In the United States, a concerning yet mostly until now under-reported crisis has been plaguing the country: a shortage of tampons.
Why timber shortages are likely to delay home building into 2023
Australia’s builders are struggling to find timber, and there’s no easy fix to this crisis that's resulting in delays and escalating prices.
A recession isn’t “imminent”, US Treasury chief says, as the Australian market watches on
There is no guarantee America will lean into a recession, the nation's Treasury Secretary Janet Yellen says, as spiking inflation and dwindling consumer confidence stoke fears of a broad-scale downturn.
Rail, renewables and music tourism: What we know about the 2022-23 Queensland budget
Ahead of the state budget to be handed down tomorrow, the Queensland government has made a number of funding announcements.