Australian businesses suffering through second-worst skills crisis in developed world, OECD says
Australian businesses are languishing through the second-most severe labour shortage in the developed world, as nearly 3% of all jobs in Australia remained empty in the March quarter.
Two in five Australian businesses expect to lift costs as inflation pressures bear down: ABS
The ABS says 38% of surveyed business believe they will significantly jack up prices in the next three months as inflation spikes.
One in 10 workers changed jobs in the year to February, ABS says, giving credence to ‘Great Resignation’ claims
Some 1.3 million people changed jobs in the year to February 2022, the ABS says, suggesting many took part in the 'Great Migration'.
Budget allots $26 million to ABS to improve labour market statistics
Budget money will help the Australian Bureau of Statistics improve regional labour market statistics and update the Australian and New Zealand Standard Classification of Occupations.
Australia’s economy bounced back in the December quarter, but could it continue?
Australia’s economy bounced back a welcome 3.4% in the December quarter of 2021, more than reversing the 1.9% lockdown-related decline in the September quarter.
Boom Town: Top five growth industries in Australia for SMEs
Based largely on ABS data with the assistance of renowned demographer Bernard Salt, the Boss Insights report identified five quite diverse key areas of growth for sole traders ranging from “couriers to accountants, solicitors to IT and healthcare workers”.
Unemployment rate hits 4.6% in July, but ongoing lockdowns may change that figure
The labour force figures for July, released today, show how the labour market is recovering from last year’s massive pandemic hit.
Promising results: Retail data from May shows strong increase in national turnover
Despite ongoing lockdowns, Australian retail turnover rose 0.4% in May 2021 compared on a month-on-month basis and 7.7% on a year prior.
Utes, harvesters, production lines: How Australian businesses have gone machinery mad
The latest GDP data shows business investment in equipment and machinery grew at its fastest rate since 2009.
The cost of essential goods and services is rising “more rapidly” than the price of non-essential items: ABS
Between 2012 and 2019, cumulative non-discretionary inflation was 14.8%, compared with 12.9% for discretionary inflation.
Shoes out, sheets in: How Australians are purchasing their way through lockdown
The impact of the pandemic is continuing to show up in odd places. This time, consumer spending on sheets over shoes.
Most of the 111,000 net new jobs created in August were in the gig economy: Is this a sign of what’s to come?
Nationally, the jobs market is proving resilient, largely thanks to JobKeeper and JobSeeker, and the gig economy.
