Demand for new workers has cooled for the fifth quarter in a row, according to the latest Australian Bureau of Statistics (ABS) jobs vacancy data. The report, released Thursday, covers the three months to August, and shows there were 390,000 job vacancies in that quarter — down 38,000 from May.Continue Reading
Aussies splurged an extra $68m on hospitality amid the Matildas’ meteoric rise and World Cup mania gripping the nation, new figures reveal. Despite consumers facing a cost-of-living crunch, shoppers shunned the supermarket checkout and instead headed out to pubs and clubs, ate out at cafes and restaurants, and ordered moreContinue Reading
Australia’s share market has had a depressing end to the week, slumping by over half a percentage point after two record-high days. The ASX200 closed lower on Friday, dropping 52.30 points or 0.70 per cent to 7,403.60. The fall came after two consecutive days where a new 100-day high wasContinue Reading
Australians have turned off the tap on spending despite lowering inflation, with even mid-year sales not enough to boost retail turnover. Retail turnover fell 0.8 per cent in June 2023, according to figures released on Friday by the Australian Bureau of Statistics (ABS). The recent figures reversed a 0.8 perContinue Reading
The number of sexual assaults recorded by police went up three per cent over one year, with most victim-survivors who reported the crime being female, new statistics have revealed. Property crime, which includes burglaries, were up for the second year in a row, according to the Recorded Crime – VictimsContinue Reading
Australians are buying big at cafes and on takeaway food despite the cost of living pressures that have kept retail spending down. The Australian Bureau of Statistics on Friday revealed spending on food was up 13 per cent year on year, despite a modest drop off in the last month.Continue Reading
Australian consumer spending cooled during the Christmas period, bringing down the volume of retail sales for the first time in 11 months. Retail trade fell 3.9 per cent in December, suggesting that runaway inflation and rising interest rates have started to take a toll on purchasing power. The annual inflationContinue Reading
Inflation has climbed back to a 30-year high, as the World Bank issues a dire warning about how “perilously close” the global economy is to recession. The monthly consumer price index rose 7.3 per cent in the year to November 2022, the Australian Bureau of Statistics has revealed. That’s anContinue Reading
Signs rising inflation is starting to soften the retail sector are showing, with Australian consumers demanding businesses do more to support them through the cost of living crisis. New data from Trustpilot has revealed how many Australians are claiming costs are front of mind when shopping. Two-thirds of Australians sayContinue Reading