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Economy

What Jobkeeper Did For The Economy
Economy

What Jobkeeper Did For The Economy

By On April 13, 2021

The end of Jobkeeper, the subsidy scheme that kept Australia’s economy above water in the tumultuous past year, has had many in the country keeping a cautious eye on the economic impact… Read More

NSW Government Boosts Flood Affected Areas With Disaster Relief Payments
Economy

NSW Government Boosts Flood-Affected Areas With Disaster Relief Payments

By On March 28, 2021

Australia has seen its fair share of natural disasters, and the impact that it has on the community can also be felt in all areas. Natural disasters are also economic disasters, with… Read More

Impact of Small Businesses on the Economy a Positive
Economy

Impact of Small Businesses on the Economy a Positive

By On March 18, 2021

Small businesses are critical to the ongoing recovery of Australia’s economy from the losses sustained by the pandemic’s impacts. Small businesses were significantly impacted by the pandemic’s effect on the community and… Read More

Growth but at what cost
Economy

Growth, but at what cost?

By On March 11, 2021

Australia has experienced economic growth in the later quarters of 2020, with a 3.3% increase. Performing better than its peers, the outcome is a result due to the swift government response to… Read More

Continuing situation between China and Australia proving detrimental for both countries
Economy

Continuing situation between China and Australia proving detrimental for both countries

By On February 24, 2021

China has imposed restrictions for imports from Australia for various items. Although, this might not have had the impact that China had first wanted. China makes up a large part of the… Read More

What could happen if Google pulls search
Economy

What could happen if Google pulls search

By On February 14, 2021

Small businesses rely on their digital presence to attract new customers and stay afloat. This is because Google search helps attract customers outside the immediate local area so that businesses can gain… Read More

How will the Australian economy perform after JobKeeper and JobSeeker end
Economy

How will the Australian economy perform after JobKeeper and JobSeeker end

By On January 28, 2021

The RBA created forecasts of how the unemployment rate in Australia will perform in the coming years in May 2020. Astonishingly, unemployment rates are lower than the forecasted best-case-scenario. This is an… Read More

Australian economy may not recover entirely after the pandemic
Economy

Australian economy may not recover entirely after the pandemic

By On January 21, 2021

Australia’s economy suffered deeply during the pandemic, as did the rest of the world’s. However, declining trade relations between China and Australia caused potentially irreparable damage to the economy. China is Australia’s… Read More

Vaccine to boost the economy
Economy

Vaccine to boost the economy

By On January 13, 2021

Experts have stated that the accelerated rollout of the Coronavirus vaccine will provide the economy and budget with a much-needed boost. The treasurer was against extending the wage subsidies that applied through… Read More

Australia China trade wars
Economy

Australia-China trade wars

By On December 17, 2020

Australia and China are currently in a trade war which appears to be worsening. China announced bans and tariffs on Australian imports such as wine, barley, beef, coal and more. Although it… Read More

JobKeeper was a useful strategy after all
Economy

JobKeeper was a useful strategy after all

By On November 25, 2020

The latest report by the Reserve Bank of Australia has shown that job losses would have been double if JobKeeper had not been implemented. The wage subsidy program provided a lot of… Read More

47 Billion lost in wages at the start of Covid
Economy

$47 Billion lost in wages at the start of Covid

By On November 19, 2020

In the first 8 months of Covid, Australian workers lost $47 billion in wages. A study showed that there was a decrease in the hours workers performed from 760 (before Covid) to… Read More

CommSec report Tasmanian economy outperforms the rest of the country
Economy

CommSec report: Tasmanian economy outperforms the rest of the country

By On October 29, 2020

The CommSec reports demonstrated that while the rest of the country is still struggling to get back to normal, the Tasmanian economy has shown consistent improvement, being the top-ranking economy for the… Read More

Economy

Unemployment increasing once again

By On October 22, 2020

During the month of September, unemployment rates increased up to 6.9%, which means that the other 29,500 people have lost their jobs. This figure was made up of 20,100 full-time jobs and… Read More

Economy

Government introduces Digital Business plan

By On October 1, 2020

COVID-19 has meant that more and more businesses are prioritising their online presence and the government wants to support this change. The government is set to allocate $800 million which will be… Read More

State of the economy after cuts to JobSeeker and JobKeeper
Economy

State of the economy after cuts to JobSeeker and JobKeeper

By On September 24, 2020

The end of September will see a reduction in both JobSeeker and JobKeeper payments. This will mean that, for the first time since March, businesses will be not be able to rely… Read More

Jobseeker cuts could achieve opposite of what is intended
Economy

Jobseeker cuts could achieve opposite of what is intended

By On September 17, 2020

Australia has been performing fairly well compared to other countries around the globe, but with news of Jobseeker potentially being cut down – from the 25th of September – that could quickly… Read More

ABS update annual wage growth in June quarter 2020
Economy

ABS update: annual wage growth in June quarter 2020

By On September 3, 2020

The ABS reports that the seasonally adjusted Wage Price Index (WPI) rose 0.2 per cent in the June quarter of 2020, and 1.8 per cent throughout the year. This was recorded to… Read More

ABS Update Businesses struggle to fill job vacancies
Economy

ABS Update: Businesses struggle to fill job vacancies

By On August 13, 2020

The ABS has released information reporting the nature of impacts due to COVID-19 for businesses within Australia. One of the key insights into workforce difficulties that businesses are currently facing is filling… Read More

ABS Update CPI fell 1.9 per cent in the June 2020 quarter
Economy

ABS Update: CPI fell 1.9 per cent in the June 2020 quarter

By On August 5, 2020

In the latest release from the Australian Bureau of Statistics (ABS), the Consumer Price Index (CPI) fell 1.9 per cent in the June 2020 quarter, the largest quarterly fall in the history… Read More

ABS update Australia records a trade surplus in May 2020
Economy

ABS update: Australia records a trade surplus in May 2020

By On July 16, 2020

Australia has recorded a trade surplus of $8,025 million in May 2020, $195 million up from April 2020’s surplus in balance of trade and goods. In seasonally adjusted terms, goods and services… Read More

ABS update largest fall in job vacancies on record
Economy

ABS update: largest fall in job vacancies on record

By On July 9, 2020

Job vacancies in Australia fell by 43 per cent over the May 2020 quarter, seasonally adjusted. This marked the largest quarterly decrease in job vacancies on record, based on surveys over the… Read More

ABS Update 0.3 fall in GDP in the March quarter
Economy

ABS Update: 0.3% fall in GDP in the March quarter

By On June 18, 2020

The Australian Gross Domestic Product (GDP) fell 0.3% in seasonally adjusted, chain volume terms in the March quarter 2020. In addition, growth has slowed to 1.4% through the year, according to figures… Read More

ABS update employment falls by 594300
Economy

ABS update: employment falls by 594,300

By On June 11, 2020

The ABS has reported that seasonally adjusted employment has fallen by 594,300 between March and April. The unemployment rate increased by one percent from 5.2 percent to 6.2 percent, with an additional… Read More

ABS update Businesses to expect ongoing COVID 19 negative financial impacts
Economy

ABS update: Businesses to expect ongoing COVID-19 negative financial impacts

By On May 19, 2020

The ABS has reported that almost three-quarters of Australian businesses are predicted to experience a reduced cash flow over the next two months as a result of COVID-19 and its business impacts.… Read More

One third of households experienced a financial decline due to COVID 19
Economy

One-third of households experienced a financial decline due to COVID-19

By On May 13, 2020

The ABS has reported that one-third (31%) of Australians claimed their household finances have worsened during the peak COVID-19 affected period of mid-March to mid-April. 45% of Australian adults have had their… Read More

ABS update hours worked were stable before COVID 19 restrictions
Economy

ABS update: hours worked were stable before COVID-19 restrictions

By On April 22, 2020

The ABS confirmed that between February and March 2020, the trend monthly hours worked did not change. Early March also showed that the trend unemployment rate remained steady at 5.2%. This data… Read More

ABS update business cash flow and turnover impacted by COVID 19
Economy

ABS update: business cash flow and turnover impacted by COVID-19

By On April 15, 2020

The ABS conducted a survey on the ‘Business Impacts of COVID-19′ which showed that 66% or Australian businesses had experienced a reduction in their turnover or cash flow as a result of… Read More

Coronavirus crisis cash payments for pensioners and welfare recipients
Economy

Coronavirus crisis: cash payments for pensioners and welfare recipients

By On March 19, 2020

As part of the Morrison government’s “coronavirus stimulus package”, it has been announced that starting on the 31st of March, pensioners and welfare recipients will be given $750 cash payments to help… Read More

ABS update January 2020 showed a trade surplus of 5210m
Economy

ABS update: January 2020 showed a trade surplus of $5,210m

By On March 12, 2020

With both the Australian bushfires and COVID-19 (coronavirus) affecting living circumstances in January 2020, the ABS confirms that there has been negative impacts to international trade in goods and services. The balance… Read More

ABS update Wages rose 0.5 in the December quarter
Economy

ABS update: Wages rose 0.5% in the December quarter

By On February 24, 2020

According to figures released by the Australian Bureau of Statistics (ABS), the Wage Price Index (WPI) rose by 0.5%, seasonally adjusted, in the December quarter in 2019. WPI also rose 2.2% through… Read More

ABS Update Retail turnover falls 0.5 in December
Economy

ABS Update: Retail turnover falls 0.5% in December

By On February 14, 2020

The most recent Australian Bureau of Statistics (ABS) Retail Trade figures show that in December 2019, Australian retail turnover fell by 5%, seasonally adjusted. This was a fall from the 1% retail… Read More

Economy

ABS update: New loan commitments for housing rise 1.8%

By On January 27, 2020

In November 2019, the value of new loan commitments for housing rose by 1.8%, seasonally adjusted. The number of loan commitments to owner occupier first home buyers dropped by 0.4% in October… Read More

ABS Update Trade surplus of 5800 million
Economy

ABS Update: Trade surplus of $5,800 million

By On January 20, 2020

In seasonally adjusted terms, the balance on goods and services was a surplus of $5,800 million in November 2019. This is an increase of $1,725 million from the surplus in October 2019,… Read More

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