Business News

Australia's 5% jobless rate is not full employment; pushing up interest rates would be wrong

Written by Richard Holden, Professor of Economics and PLuS Alliance Fellow, UNSW

Australia's unemployment rate is at what would once been regarded as full employment. But that doesn't mean it can't fall further.Shutterstock

According to ABS figures released last week, the unemployment rate in Australia has fallen to 5%. This isn’t as low as the 3.7% level in the United States, but by historical standards it is low for us.

W...

The RBA’s policy deliberately creates unemployment. So why do we treat the jobless so badly?
The Reserve Bank of Australia (RBA) will look at the latest unemployment figures – 4.3%, roughly 650,000 people out of …
Here’s how using more recycled plastic could ease the pain of oil shocks
As the crisis in the Middle East continues, much of the public focus has been on fuel prices and the cost of living. But ther…
Why Melbourne council workers are escalating from skipping bins to a full strike
Lighthousebay/GettyHave you ever gone out to bring in your wheelie bin after collection day only to find it still full? That …
As entry-level jobs dry up in NZ, how can we help young people find their way into work?
Getty ImagesGetting a first foothold on the career ladder has never been easy for young workers.But in the past, that path wa…
Musk’s SpaceX is shaping up as the biggest IPO on record. It’s also bending the rules to do so
Elon Musk’s space exploration company SpaceX has filed confidential papers ahead of a planned public company listing on…
Employment data shows the early signs of AI job disruption are already here
Adolfo Felix/ UnsplashThere has been no shortage of bold claims recently about artificial intelligence (AI) and jobs — …

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…

Perth's Southern Suburbs Are Running Their Own Race
New data shows Cockburn up 18.7%, Melville through $1.47 million, and Perth listings still near historic lows. This is not the national story. The national conversation about property right now is…

Meet the man on a mission to revive Face-to-Face Networking in the AI Era
As AI tools and remote work redefine professional life, one man is on a mission to bring back face-to-face networking, which all but stopped during the COVID-19 Pandemic. Daniel Hakim…
5 Key Documents You Need for a Successful Merger or Acquisition
At Mergers and Acquisitions (M&As), having the appropriate documentation is crucial to their successful outcome. Documents form the backbone of M&A transactions, helping ensure all parties involved remain aligned throughout…
Three common depreciation mistakes that could cost property investors thousands
Investment property owners make three costly mistakes when it comes to maximising their tax return according to BMT Tax Depreciation, Australia’s leading provider of depreciation schedules. Property investors can…

BizCover Brings Australia’s First AI-Based Insurance Quotes to ChatGPT

Australian small business owners can now receive and compare business insurance quotes directly inside ChatGPT, in a move that signals a major shi...

VistaPrint Research Reveals Australian Small Businesses Face a Succession Cliff

With only 16% of retiring small businesses having a succession plan, tens of thousands risk closure as one in three owners nears retirement. Ne...

Corporate volunteering grows up: how companies are shifting to meaningful, community-led impact

As workplaces settle into the new year and look for ways to strengthen culture, capability and connection, experts say corporate volunteering is e...

The Rise of Mobile-First Venues

Global Hospitality Platform, Tabit, Reveals Five Ways to Maximise Benefits of Mobile-First Systems As Australian hospitality venues grapple with...

Why the SME is now the primary engine of global cybercrime

For over a decade, the most practical and effective advice we could offer an employee was to spot the typo. It was practical, it was free, and it wo...

Work-life Balance Key to Solving Construction Talent Shortage

New data from leading talent company Randstad Australia shows flexible working and work-life balance could be critical to addressing ongoing talen...

Australia's 5% jobless rate is not full employment; pushing up interest rates would be wrong

The RBA’s policy deliberately creates unemployment. So why do we treat the jobless so badly?

Here’s how using more recycled plastic could ease the pain of oil shocks

Why Melbourne council workers are escalating from skipping bins to a full strike

As entry-level jobs dry up in NZ, how can we help young people find their way into work?

Musk’s SpaceX is shaping up as the biggest IPO on record. It’s also bending the rules to do so

Employment data shows the early signs of AI job disruption are already here

Traditions of Rural Bali at Villa Sabana

Perth's Southern Suburbs Are Running Their Own Race

Meet the man on a mission to revive Face-to-Face Networking in the AI Era

5 Key Documents You Need for a Successful Merger or Acquisition

Three common depreciation mistakes that could cost property investors thousands

BizCover Brings Australia’s First AI-Based Insurance Quotes to ChatGPT

VistaPrint Research Reveals Australian Small Businesses Face a Succession Cliff

Corporate volunteering grows up: how companies are shifting to meaningful, community-led impact

The Rise of Mobile-First Venues

Why the SME is now the primary engine of global cybercrime

Work-life Balance Key to Solving Construction Talent Shortage

The risks of underinvesting in CX

Why Your Business Is Being Left In the Economic Dust: Nimble Risk Management During Uncertainty

How Contiki is Redefining Travel for Young Adventurers