New data from Xero’s Small Business Index (XSBI), which provides a health check into the Australian small business economy, has revealed Australian small businesses continue to show resilience amid the challenging economic environment of high interest rates and persistent inflation. Compared to other XSBI countries (NZ, UK,
Eight of the 13 selected industries reported rises in business turnover in August, according to figures released today by the Australian Bureau of Statistics (ABS). Robert Ewing, ABS head of business statistics, said the Manufacturing industry reported the largest monthly jump in business turnover. “The
The Recruitment Consulting and Staffing Association’s (RCSA) latest Jobs Report revealed the National Jobs Index has dipped for the second time in a row, falling 2.1% over the September Quarter. The data collected from over 6,000 employer, recruiter and niche job boards also showed a dip in
The latest Employment Hero SME Index, which uses an accumulative dataset of over 140,000 small and medium-sized businesses (SMEs) and 1.4 million employees, indicates Australia’s technology sector is correcting itself after a period of unsustainable growth. The average employee growth for the Science, Information and Communication
The Victorian economy is growing strongly and providing jobs for workers with more than 130,000 Victorians joining the workforce over the past 12 months – the best performance in the country. The state’s 2022-23 Annual Financial Report published today reveals the resilience of the Victorian economy despite
Seven of the 13 selected industries reported falls in business turnover in July, according to figures released today by the Australian Bureau of Statistics (ABS). Robert Ewing, ABS head of business statistics, said the Electricity, gas, water and waste services industry reported the largest monthly
The number of people holding multiple jobs rose to 959,000 in the June quarter 2023, an increase of 7.0 per cent over the past year, according to Labour Account figures released today by the Australian Bureau of Statistics (ABS). Bjorn Jarvis, ABS head of labour
The Australian dollar (AUD) ranks fifth with a 25% increase in GDP between 2020 and 2023. However, the strength of the currency has decreased by 2.20% in the same time period. That’s according to new research from the experts at City Index, who have analysed countries with the highest GDP and local
The latest Employment Hero SME Index, which uses an accumulative dataset of over 140,000 small and medium-sized businesses (SMEs) and 1.4 million employees, shows the monthly median hours worked by employees in June has decreased by a significant -8.6 percent month-on-month (MoM) while the monthly median
The Australia of the 2060s will be very different from the one we know today. It will be older, with slower economic growth, a big “care” economy, and an export sector that is radically transformed due to the imperatives of climate change. The Intergenerational Report, released
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