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The Latest Breaking News from ABS

Interest rates could hit two-decade high by August as mortgage stress soars

Australians struggling with the highest interest rates in a decade are being warned to expect one or two more mortgage bill hikes.

The New Daily

Australia’s productivity plunge: why is the Reserve Bank concerned and should we panic?

Philip Lowe cited ‘subdued’ productivity growth when the RBA lifted rates for a 12th time to try to tame inflation. Here’s why it matters

The Guardian - AU

Australian economy grew 0.2% in first three months of the year, the slowest since Covid lockdowns

Jim Chalmers says higher interest rates and cost-of-living pressures are squeezing household budgets and slowing the economy

The Guardian - AU

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Michael Pascoe: No, the wage case shouldn’t panic the RBA

The FWC doesn’t want to turn the current rate of wage increases into something that will scare Phil Lowe & Co.

The New Daily

The solutions to Australia’s housing crisis are actually quite obvious

Analysis of recent figures shows the number of housing approvals has not kept pace with the nation’s rising population

The Guardian - AU

Will ABS braking be the next big thing in mountain biking? I rode a Bosch ABS equipped Cube Stereo to find what it's all about

Does using Bosch ABS on an e-MTB give any performance advantages or does it only serve to improve braking safety?

Bike Perfect

Adam Bandt says rents are rising six times faster than wages. Is that correct?

Greens leader Adam Bandt says rents are rising six times faster than wages. Is that correct? RMIT ABC Fact Check investigates.

ABC News

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Amid a cost-of-living crisis, meet the people turning to side hustles to make ends meet

More Australians than ever before are working multiple jobs, but despite concerns over burn out, for some people it has become their driving force.

ABC News

Building approvals in single digits in Tasmanian city of Burnie, prompting supply concern

The state's construction industry has expressed surprise and concern at the Burnie figures, especially as the city has traditionally been the economic centre of the north-west coast.

ABC News

Michael Pascoe: Why you might never see that ‘wage growth’ we hear about

One thing we know for sure about the RBA – it knows even less about the outlook for wage growth than it does about inflation.

The New Daily

The Australian economy lost 27,100 full-time jobs in April as unemployment rose to 3.7%

UBS economist says jobs report ‘weaker than expected’ and makes an RBA rate hike in June ‘unlikely’

The Guardian - AU

Working more, paid less – the sad truth about women’s wages

Women are working more than men, according to the latest Australian Bureau of Statistics and their pay levels grew slightly faster than men.

The New Daily

Six of the 10 most disadvantaged areas in Australia are in Queensland, Socio-Economic Indexes for Areas rankings reveal

Almost 550 Australian regions have been ranked on their level of relative socio-economic advantage and disadvantage. Most of the lowest-ranked areas are in Queensland.

ABC News

Official data confirms Australia in a 'consumer recession' as retail sales drop

Australians are buying significantly fewer goods at shops and department stores, new Australian Bureau of Statistics data show.

ABC News

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ABC News

New South Wales rental crisis could worsen as building approvals slump to record lows, economist warns

ABS data shows total approvals fell in New South Wales by 34 per cent for the first three months of this year, but hardest hit were townhouses, units and high-rises.

Newcastle Herald

The graph that shows how the Hunter jobs market has shifted

The health care and social assistance industry now accounts for one in six jobs in the Hunter.

Newcastle Herald

Hunter women do more free work than men, get paid less

New detailed Census figures lay bare the gender divide when it comes to income, housework and care.

ABC News

The cost of living has reached a record high, businesses are struggling, and interest rates are rising. Is a recession coming?

A day after the Reserve Bank controversially raised interest rates, new data shows living costs are at an all-time high and businesses are contracting, prompting concerns a recession may be on the horizon.

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The Guardian - AU

Priced out: how Australians are being hit by the soaring cost of food

For those living on the margins, the rising cost of essentials means less meals or less choices – there’s no more fat to trim

Newcastle Herald

Windale faces lowest socio-economic advantage in NSW

The ABS has rated and ranked every postcode in Australia on a combination of economic resources, education and occupation.

The Guardian - AU

Australia’s most advantaged and disadvantaged areas: how does your suburb compare?

Regional areas dominate list of nation’s most disadvantaged areas, while areas on or next to water, particularly in Sydney, are the most advantaged

ABC News

Peter Dutton says the gender pay gap was 17.4 per cent under Labor and fell to 13.8 per cent under the Coalition. Is that correct?

Opposition Leader Peter Dutton says the gender pay gap under Labor was 17.4 per cent and fell to 13.8 per cent under the Coalition. RMIT ABC Fact Check looks at the numbers.

ABC News

Milk, cheese prices increase at fastest pace in decades as consumers shop around for bargains

Some of the main staples in Australian grocery baskets have had their sharpest price increases in decades over the past year, according to the Australian Bureau of Statistics.

The New Daily

‘Peaked’: Small relief from slowing inflation as rents and utility bills soar

Inflation has begun easing as goods prices fall, but the cost of living crisis isn’t over yet as rising rents and utility bills hit families.

The Guardian - AU

Latest economic figures show Australia’s inflation easing ahead of RBA interest rate decision

The consumer price index for the first three months of 2023 has come in at an annual rate of 7%, down from the 32-year high of 7.8%

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