tip off

Strong economic data, but will the RBA take away the punch bowl?

Fresh data shows that monthly volatility aside, the labour market is performing much more strongly than in 2013 — good news for Joe Hockey despite his gloomy forecasts, write Glenn Dyer and Bernard Keane.

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How the FWA was a miserable failure — at justifying business hysteria

Last year was the second lowest year for industrial disputes since records began. So much for business claims it would lead to industrial chaos.

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GDP data: while Hockey lamented, the economy picked up

The economy picked up in the December quarter, confirming that the picture painted by Joe Hockey last year was far worse than reality, Glenn Dyer and Bernard Keane write.

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Capex figures makes Hockey’s budget challenge that much harder

Yesterday’s private capital expenditure figures make for terrible reading — especially if you have a budget to prepare, Glenn Dyer and Bernard Keane write.

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Labour loss: unemployment hits 6% for the first time in a decade

Unemployment has reached a 10-year high but the news from the ABS today wasn’t all bad, Glenn Dyer and Bernard Keane write. Employers are hedging their bets on which way the economy will go.

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Brace for the r-word: steady job figures mask a sluggish economy

There’s no need for alarmism: the Australian economy will cope with the job losses generated by Holden, Qantas and other closures, Glenn Dyer and Bernard Keane write.

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Has the economy bottomed out? GDP data comes with warning

Despite today’s weaker-than-expected GDP data, there’s evidence the economy has bottomed and is now picking up, Glenn Dyer and Bernard Keane write.

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The ‘meh’ economy: more flat news from the statisticians

The Australian economy marked time at the end of the financial year and into the new one. The transition from the mining boom is by no means assured.

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Internet use: we’re more mobile, but we still need a cable

Crikey pops the hype over the widely reported percentage growth in wireless internet use, showing we use fixed-line internet connections more than ever.

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The surprise take away message for domestic online retailers

Instead of complaining about the GST, Australia’s retailers ought to look at who is doing well online here. And the answer might surprise them, write Glenn Dyer and Bernard Keane.

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Economic debate Aussie-style: a tale of two datasets

It’s difficult to have an informed economic debate when key data is ignored because it doesn’t fit the media narrative. Crikey’s Bernard Keane and Glenn Dyer report.

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Unemployment data: welcome to the jobs crunch

The July jobs figures suggest the government was right to lift its unemployment forecasts — it’s a soft labour market, even though unemployment is steady at 5.7% nationally. Glenn Dyer and Bernard Keane report.

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Don’t be too sure ‘rate cut looms’ off the back of today’s CPI

While inflation overall is flat, there are a couple of signs the RBA won’t be sufficiently satisfied to go for one more rate cut. Glenn Dyer and Bernard Keane report.

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Hang on, we got it wrong: ABS revises up a tepid economy

Mea culpa: the ABS has dramatically revised its take on the level of housing construction, signalling the economy is stronger than believed. Glenn Dyer and Bernard Keane report.

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Beautiful one day … Queensland drags down national jobs figures

Today’s ABS jobs data shows unemployment has risen a little, but Glenn Dyer and Bernard Keane argue the data is modestly good news. Queensland is holding us back however.

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Job data remains stronger than expected, with unemployment at 5.5%

The latest data from the Australian Bureau of Statistics showed a small fall in the monthly unemployment rate of 5.5% (seasonally adjusted) for May from 5.6% for April and just 1100 new jobs created in the month

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National accounts: how long will exports keep us growing?

Today’s GDP figures show an economy exactly where the RBA says it is — poised on the difficult transition between a mining boom and domestic growth.

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Strong jobs growth suggests economy is quite OK

Today’s strong employment growth figures suggest the economy is travelling better than many believe. The rate is down, but Glenn Dyer and Bernard Keane report 50,000 new jobs were created.

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Who’s afraid of inflation? Today’s CPI figures are benign — again

More benign inflation data shows “cost of living” complaints are unfounded, and gives the RBA some room to move rates downward. Glenn Dyer and Bernard Keane look at the numbers.

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Jump in jobless but we’re still ahead in employment

A big fall in employment in March hasn’t wiped out the jobs gains since the start of the year, today’s ABS data show. Glenn Dyer and Bernard Keane report.

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Stronger retail and building data sits economy back in sweet spot

Today’s retail sales and building figures show an economy picking up, just as the RBA has been trying to engineer, write Glenn Dyer and Bernard Keane.

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There’s statistical agreement: property prices are up

The ABS and APM have similar figures for Australia’s capital city housing markets (though neither tracks regional areas). And it’s good news, writes Terry Ryder at Property Observer.

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No pick-up in retail last year, backing RBA case

New data from the ABS contains no good news for retailers, with sluggish trade for December and the last quarter of 2012. The RBA’s economic assessment yesterday seems about right.

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Jobless rate steady — despite Campbell Newman’s efforts

Australia’s December 2012 unemployment rate has edged closer towards 5.4%. But a comparison with 2011 shows the jobs market is more resilient than most punters give it credit for.

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Stop singing those blue-collar blues: manufacturing jobs rise

ABS data shows the dynamics of the Australian workforce are changing — good news at last for manufacturing, but bad news for public servants and construction workers.

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