More than 400,000 low‑paid workers in key industries will take home a bigger pay slip, thanks to a 4.6 per cent increase to minimum wages under their awards. Industries in which workers are set to benefit include hospitality, tourism and aviation, with full‑time workers seeing
The 2021 Census data released today provides a fascinating snapshot of employment and education in Australia. Trends and emerging fields of work and study can be seen in the Census data. Here’s a quick snapshot of 12 insights revealed by 2021 Census data: Four big
Australian consumers are cutting back on luxury goods and services, looking for bargains, and switching to cheaper brands as they battle rising inflation. However, shoppers are still gearing up for a bumper pre-Christmas sales season with almost half feeling confident and one in five planning
Almost all GPs and most non-GP specialist doctors (such as cardiologists, gynaecologists and dermatologists) run private businesses to provide medical care in Australia. Business decisions can influence the costs of medical care, the care patients receive, and access to medical care in different geographic areas.
The Andrews Labor Government has released a major new policy statement today aimed at boosting the manufacturing sector to drive economic growth and create high-skilled jobs of the future. Minister for Industry Support and Recovery Ben Carroll launched the Made in Victoria 2030: Manufacturing Statement which outlines
Global stock markets are tanking on fears of recessions in the US, the UK and Europe, and the OECD is actually forecasting recessions in Europe. So is recession now inevitable in Australia? Not at all. The good news is there are several reasons to think Australia might be able
Retail profitability in Australia has bounced back to pre-Covid levels for the first time since the pandemic began, the economic insights report released by the National Retail Association has been revealed. The figures show the sector’s profits have increased by 4.9 percent year on year for
Challenging macroeconomic conditions and geopolitics have negatively impacted the deal-making sentiments globally. Against this backdrop, a total of 4,188 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during August 2022, a decline of 16.5% compared to the previous
Victoria’s recovery is powering ahead, with new figures showing Victoria is leading the nation in economic growth. Today’s National Accounts data from the Australian Bureau of Statistics (ABS) reveals that Victoria’s State Final Demand grew by 6.5 per cent over the past year, almost two
Today’s National Accounts reflect an economy rebounding from the disruption of the pandemic but held back by capacity constraints, skills shortages, and declining real wages. While the headline figures are encouraging, the details confirm the pressures that are being felt by Australian households and that
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