More than 2.6m Aussie workers will receive at least an additional $33.10 a week from July 1, the workplace umpire has ruled. The order, handed down by the Fair Work Commission on Monday, will increase award and minimum wages by 3.75 per cent, with the national minimum wage set toContinue Reading
There is “still strength” in the price pressures across the Australian economy, the Reserve Bank’s chief economist Sarah Hunter has cautioned, after hotter-than-expected inflation figures prompted traders to slash their rate cut bets until the end of 2025. Annual headline inflation accelerated to 3.6 per cent in the 12 monthsContinue Reading
Almost 14.4 million Australians are expected to be in work by mid-year, more than 105,000 than previously forecast, as the nation’s red-hot jobs market continues to defy a broader economic slowdown. But economists have warned that the firmer-than-expected jobs numbers means Treasurer Jim Chalmers should redouble his focus on reducingContinue Reading
As the hospitality sector continues to struggle across the country, restaurant owners are working on creating experiences to entice customers battling with cost of living pressures. The latest data from the Restaurant and Catering Association industry benchmark report found a quarter of businesses surveyed made a loss in their turnoverContinue Reading
Sticking to the planned rollout of the Albanese government’s stage three tax cuts risks further fuelling inflation, making the RBA’s job more difficult, and their delay should be considered, leading economists have cautioned. Amid resurgent price pressures, Labor’s tax cuts which commence on July 1 will pump billions of dollarsContinue Reading
Interest rates risk going higher still, economists have warned, as stubborn inflationary pressures, rebounding economic growth, and continued tightness in the jobs market could force the Reserve Bank to inflict further pain on household borrowers. While the majority of economists still expect the RBA’s next move will be a cut,Continue Reading
City of Perth Lord Mayor Basil Zempilas has taken aim at the WA Premier, calling time on a “prehistoric” rule that means many of the state’s retailers are restricted from operating for extended trading hours on weekends. More than 15 years ago, trading hours on the other side of theContinue Reading
South Australia’s economy has once again been declared the best performing in the country as it topped four of eight key indicators in a new report comparing the states. The numbers are contained in the CommSec State of the States economic performance report which saw South Australia emerge ahead ofContinue Reading
Australia is expected to lag behind its peers in reducing inflation and boosting economic growth, the International Monetary Fund has warned, as Treasurer Jim Chalmers prepares to attend a a series of high-level talks in Washington. With less than a month until the May budget, Dr Chalmers will leave theContinue Reading
Social media users have taken aim at stars of The Project after an appearance by a renter advocate who’s encouraging those struggling with the housing crisis to squat in empty homes. Jordan van den Berg, better known online as @purplepingers and founder of the S*** Rentals website, shared a videoContinue Reading