Retail wreckage: Business numbers fall by more than 2,000 as consumer spending slows
The retail sector shed more businesses on a net basis than any other industry sector last year, exposing a harsh environment for established traders and fresh entrepreneurs alike.
One in five Aussie businesses hit by cyber attacks: ABS
Businesses are the frequent targets for cyber attacks involving scammers, hackers and digital malcontents wanting to steal money, secrets and identities.
Profits vs wages: ABS data reveals which labour markets are the tightest
Wages are up and profits are down as the unemployment rate hovers at record lows and businesses scour the country, desperate for available workers.
The number of Aussies working in distilleries has exploded by 240% but taxes are limiting growth
Employment in the spirit manufacturing industry is up 240%. Some distillers weigh in on what is still holding the local industry back.
New Xero data shows small business sector sales are booming over the year — but economists say inflation could mask the real damage
The performance of Australia's small business community is improving, new data suggests, but economists have advised that a 'phantom' spending downturn may be hidden in those rosy figures.
Fuel, groceries and housing: Where is inflation hitting us hardest?
Current inflation levels in Australia have only been seen once in the past three decades. Where is being hit hardest?
The annual inflation rate is now 6.1%, as the cost of everyday essentials hits businesses and households
The cost of housing, fuel, and furnishings all drove inflationary pressures, the Australian Bureau of Statistics says.
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.
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'.
Are real wages falling or growing? Let’s look at the evidence
To get at the truth about wage movement, we need to appreciate that prices fluctuate more rapidly than wages do and that underlying economic forces drive the longer term growth in real wages.
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.
