Unemployment falls, but underemployment rises
New unemployment data from the Australian Bureau of Statistics has found the national unemployment rate fell between April and May, from 3.7% to 3.6%. That was caused by a monthly increase in the number of employed people (by 0.5%) and a decrease in the number of unemployed people (by 3.1%). Despite that, the number of […]
First home buyer activity jumps 15.8% month-on-month
It’s too early to say first home buyers are back, but they’ve certainly made a welcome return to the market, according to the latest data from the Australian Bureau of Statistics. The number of new owner-occupier first home buyer loan commitments rose 15.8% in March, after reaching a five-year low in February. That said, first […]
First home buyer activity jumps 15.8% month-on-month
The Reserve Bank of Australia (RBA) is set for a shake-up, following a review commissioned by the federal government. The review made 51 recommendations, including specific measures to create a clearer monetary policy framework and stronger monetary policy decision-making. Treasurer Jim Chalmers said the government agreed in-principle with all the recommendations and would work with […]
