Business News

Unemployment is staying low at 3.5%. But for those out of work, here's why it's become harder to get a job

Written by Jeff Borland, Professor of Economics, The University of Melbourne

Shutterstock

Slower employment growth, faster population growth and a steady rate of unemployment are the main stories from the Bureau of Statistics’ labour force update, released on Thursday.

Employment climbed by 32,600 between May and June, while the population grew 49,900. The rate of unemployment (happily) remains fixed at 3.5 per cent,...

AI companies want copyright exemptions – for NZ creatives, the market is their best protection
Getty ImagesRight now in the United States, there are dozens of pending lawsuits involving copyright claims against artificia…
How much money do you need to be happy? Here’s what the research says
Over the next decade, Elon Musk could become the world’s first trillionaire. The Tesla board recently proposed a US$1 t…
NZ First wants a compulsory KiwiSaver. Boosting the Super Fund is a better bet
Getty ImagesAn ageing population not saving fast enough for its retirement has been called a “timebomb” and a loo…
ANZ has been hit with a record $240 million fine. These lessons should have been learned years ago
ANZ Bank has agreed to pay a record fine of A$240 million after admitting to various forms of misconduct that occurred &ldquo…
This report measures our national wellbeing across five key areas. Health trends are not improving
In 2023, Treasurer Jim Chalmers announced the government would measure what matters to the wellbeing of Australians as a comp…
Private toll roads are supposed to save taxpayers’ money, but can have these hidden costs
If you’ve ever driven in Sydney, Melbourne or Brisbane, chances are you’ve used – or steered clear of &ndas…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

5 Reasons to Hire a Building Contract Lawyer Before Your Next Construction Project in Melbourne
If you're planning to build, renovate, or develop a property in Melbourne, you might be focusing on finding the right architect, builder, or project manager. But there’s one professional most…

Women’s annual salaries are narrowing the gap. But men still out-earn women by an average $547 a week
Hyejin Kang/ShutterstockWomen’s annual earnings are closing in on men’s, with the gender pay gap in Australia’s private sector shrinking from 14.5% to 13.6% in the past year.It’s a steady improvement…
Switching off from work has never been harder, or more necessary. Here's how to do it
Apple TV+In the hit dystopian TV series Severance, employees at biotech corporation Lumon Industries find it easy to separate work and home life. A computer chip is inserted in their…
Tips for Starting an Ecommerce Store
As the Internet has grown in popularity in recent years, it has become evident how important it truly is to our society. The web has become more prominent than ever…

Manny Shah: Is your business disappearing from Google? You’re not alone

Small business owners across Australia are panicking as their websites vanish from Google’s front pages overnight. According to Manny Shah, cofounde...

MR Roads named Queensland Finalist in the 2025 Telstra Best of Business Awards

MR Roads, co-founded by Daniel Mikus and James Rolph, has been announced as a Queensland finalist in the prestigious 2025 Telstra Best of Business...

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...