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Topic: australian bureau of statistics
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We’re all Keynesians now: Australia dives into recession, but it could have been worse

Australia is officially in recession with the biggest ever contraction in GDP, despite a huge rise in government spending. But profits are doing nicely.

Bourke St, Melbourne (Image: AAP/Daniel Pockett)

We could be in for a long recession as jobs market succumbs to a virus

The economy was struggling even before Melbourne had to shut down again and the pain has extended across most sectors.

(Image: AAP/Dan Peled)

Scale of jobs collapse revealed as calls for more stimulus ramp up in US

The ABS has revealed 2.7 million Australians have had their jobs affected by the pandemic, with 900,000 losing their jobs completely and 1.8 million losing hours or being stood down. Meanwhile, in the US, the economic debate is increasingly centred around the need for more stimulus.

Reserve Bank Governor Philip Lowe

GDP reveals crippled economy propped up by governments and exports

Australia's economic growth rate declined in the September quarter, with only government spending and good fortune on iron ore prices propping us up.

Jobs market starts downturn, so where will growth come from?

The labour market is finally starting to catch up with the slowing growth of the broader economy. How can we speed it up again?

Is the labour market as bad as the Reserve Bank says?

You say seasonally adjusted, I say trend — which jobs data is right? The RBA has decided neither of them show the falling unemployment it needs to forestall a rate cut.

Liberal jobs boom gets second wind (but it’s still not shifting wages)

Employment is once again growing very strongly — especially in NSW. So why are they getting zero credit for it from voters?

Wage stagnation continues, but low inflation means real wages growth

Poor wages growth is continuing for most Australian workers but very low inflation means real wages are up, even if they don't feel like it.

Scott Morrison chats to a worker as he visits the Beefy's Pies factory. Image credit: Dan Peled/AAP

Australia’s great wage stagnation continues

Another quarter, and more bad news for Australia's private sector workers with wage stagnation continuing.

RBA governor Philip Lowe (Image: AAP/Dean Lewins)

Household finances tell a tale of diminishing wealth effect

In terms of household wealth, we only have the sharemarket going for us at the moment. Wages and property are undermining the "wealth effect".

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There are 233 articles in australian bureau of statistics