News sentiment analysis powered by sentiment-insight.com
Survey reveals extent of economic abuse among Australian men and women
The ABS has released data showing the extent of financial abuse in the community. 16 per cent, or 1.6 million women, experienced economic abuse compared to 7.8 per cent of men. 18% of women and 11% of men experienced physical and/or sexual abuse during their childhood.
Inflation rises in September quarter, deepening fears of further rate rises New data from the Australian Bureau of Statistics (ABS) showed that on a quarterly basis inflation rose 1.2 per cent and on annual basis it rose 5.4 per cent. Yesterday Michele Bullock used her first speech as RBA governor to warn Australians the central bank won't hesitate to hike interest rates once again.
Australia's unemployment rate ticks back up to 3.7 per cent in October Employment rose by 55,000 in October and unemployment rose by 27,900. The underemployment rate remained steady at 6.4 per cent. ABS officials say the labour market may finally be slowing.
Wages growth fastest on record as aged care, award boosts lift pay rates Wages grew 1.3 per cent over the September quarter, which is the biggest increase in the 26-year history of the Australian Bureau of Statistics (ABS) Wage Price Index (WPI) Annual wages growth overall was 4 per cent, which was the strongest since March 2009, but still fell short of the 5.4 per cent increase in consumer prices. Real wages (the purchasing power of what workers earned) fell again.
Population growth a double-edged sword for inflation, according to RBA analysis The Reserve Bank updated its economic forecasts, which explain why it raised interest rates this month. The bank dramatically increased its short-term inflation forecasts in response to the most recent Consumer Price Index data from the ABS. The RBA now expects both the headline and its preferred measure of trimmed mean inflation to come in at 4.5 per cent for the year to December.
Pedalling 4,000km for Movember is a test of this 17-year-old's own mental strength Cooper Williams is about to embark on the biggest challenge of his life — a 4,000-kilometre bike ride from Tasmania to Brisbane. The 17-year-old, who has just graduated from high school, has set a goal to raise $100,000 for men's health charity Movember. An average of 8.6 Australians die of suicide every day — more than double the road toll. 75 per cent of those are men, according to Lifeline and ABS statistics.
Unemployment rate driven down by falling participation, even as jobs growth slows to a trickle Australia's unemployment rate has edged lower to 3.6 per cent. The ABS estimates that just 6,700 jobs were created last month. The participation rate — which measures the proportion of people aged 15 and over either in work or actively looking for it — dropped sharply from 67 per cent to 66.7%.
Jim Chalmers says average full-time workers are $3,700 better off per year under Labor. Is that correct? When Labor won the election in May 2022, the ABS data showed total average weekly earnings for an adult employee working full-time to be around $1,838.30. The latest available data shows that by May this year the figure had risen by 3.9 per cent to $1907.20 ($99,174.40 per year) This is a weekly increase of $71.90, or $3,738.80 annually.
Sunak scraps A-levels and reveals new ‘Advanced British Standard’ Rishi Sunak wants to merge A levels and technical T-levels into the new ABS. He wants to create ‘parity of esteem’ between academic and technical subjects. But his plan was immediately dismissed as “pie in the sky’ by teaching unions.
Australia's causes of death report in graphs show full picture of COVID-19, heart disease and suicide Data from the Australia Bureau of Statistics (ABS) has revealed COVID-19 to be one of the leading causes of death in 2022 in Australia. It's the first time an infectious disease has been in the top five causes since 1970. Heart disease, which continues to be the leading cause of deaths in Australia, impacts more men than it does women. In 2022, 11,303 men died from heart disease compared to 7,340 women.
‘No one knew how to help me’: Taboo added grief, now census may go quiet too At least 100,000 women suffer a miscarriage in Australia each year. The Australian Bureau of Statistics has declined to consider collating miscarriage data on future census questionnaires. ABS is looking to remove birth data from the census altogether in 2026.
‘No one knew how to help me’: Taboo added grief, now census may go quiet too At least 100,000 women suffer a miscarriage in Australia each year. The Australian Bureau of Statistics has declined to consider collating miscarriage data on future census questionnaires. ABS is looking to remove birth data from the census altogether in 2026.
Job surge keeps unemployment rate flat, smashes market expectations New data from the Australian Bureau of Statistics (ABS) showed that in August 2023, the unemployment rate remained at 3.7 per cent. Financial markets had largely expected a modest increase of jobs by around 25,000.
How a record immigration surge with 350,000 new arrivals in one year is making the average... A record 353,670 permanent and long-term migrants moved to Australia in 2022-23. The ABS national accounts data also showed a 2 per cent productivity plunge in the June quarter. Annually, productivity fell by 3.6 per cent.
Business investment jumps 2.8pct as supply chains ease Consensus estimates had a more modest 0.7 per cent improvement pencilled in for the June quarter. Compared with a year ago, private capital expenditure as measured by the Australian Bureau of Statistics (ABS) was 10.8 per cent higher. The improvement was driven by investment in both new equipment and machinery, as well as buildings and structures.
Business failure rate reaches 15-year high, National Retail Association calls for government action ABS data shows half of new businesses that started in 2019 were permanently closed by June this year. 35 per cent of all Australian businesses closed their doors for good in the four years between June 2019 and June 2023. Transport, postal and warehousing industry was the most vulnerable. Small businesses are significantly more at risk of collapse than large businesses.
New data reveals Australians retiring one year later The average age of retirement has increased by a year to 56.3 years, according to 2020 data released by the ABS today. Women are working almost two years longer and are retiring aged 54 on average, up from 52 in 2018. The average Aussie intends to retire at 65, with 673,000 workers planning to retire in the next five years.
Average retirement age goes up NationalThe average age of retirement appears to be going up while women are staying in the workforce for longer than ever, ABS data shows.August 29, 2023 — 5.09pm
Average retirement age goes up NationalThe average age of retirement appears to be going up while women are staying in the workforce for longer than ever, ABS data shows.August 29, 2023 — 6.38pm
Average retirement age goes up NationalThe average age of retirement appears to be going up while women are staying in the workforce for longer than ever, ABS data shows.August 29, 2023 — 5.09pm
Sign Up
