#Economic Growth
VentureCrowd and Uniseed Partnership announced to back ‘home-grown’ innovation
Australian company, VentureCrowd, announces partnership with Uniseed to support Australian research.
New digital platform to drive growth of Aussie agriculture
GrowAG, a new online sharing digital platform, will connect Australian agricultural innovation to the rest of the world.
Australia’s employment landscape recovers as 43 per cent of companies raise headcount in 2021
The Michael Page Talent Trends report reveals that 43 per cent of businesses expect to increase their headcount in 2021.
Five Australian startups to follow in 2020 H2
With the ongoing uncertainty caused by COVID-19, 2020 is shaping up to be one of the worst years on record economically, and Australian startups are particularly feeling the pinch as many investors withdraw funding. However, a silver lining, perhaps, is that the pandemic poses an opportunity for startups to challenge bigger businesses and to grow, adapt […]
RBA cuts again to take cash rate to 1%
The Reserve Bank of Australia has cut the cash rate to a fresh record low of 1.0 per cent, reducing the cost of borrowing for two months in a row for the first time since 2012. The market had largely priced in a second straight 0.25 percentage point cut after RBA Governor Philip Lowe suggested […]
An entrepreneurial goldmine: the tide changes on sharing economy services from ‘taboo’ business model to part of the economic fabric
It has been estimated that as many as 45,000 people in NSW have earned income through the sharing economy over the last 12 months – a hive of business activity that has contributed a massive $504 million per year to the NSW economy. And this is just one state. Once argued to be the peripheral […]
Spending growth at highest level in six years
Consumer confidence is on the rise, with spending rising for the third straight month in May, according to the latest Commonwealth Bank Business Sales Indicator (BSI).
RBA slashes cash rate to 2.75 percent
The Reserve Bank today announced a cut of 25 basis points to lower the cash rate to 2.75 percent.
Interest rates on hold
The Reserve Bank of Australia (RBA) announced that the cash rate would remain at 3.0 percent earlier today.
Our business forecast for 2013
Australia’s economic conditions are predicted by some to take a downward turn in 2013, meaning employers large and small are growing anxious about an economic slump and the potential for China’s growth to go into reverse.
Spending up a solid 2.5 percent in June
Economy-wide spending enjoyed a solid gain in June, according to the latest Commonwealth Bank Business Sales Indicator (BSI), suggesting consumers are slowly becoming less tentative about parting with their cash.
Spending growth is slowing, according to key indicator
Spending rose across the economy in April, according to the latest Commonwealth Bank Business Sales Indicator (BSI), though it appears business sales growth may be slowing as a result of declining consumer confidence.
Consumers fail to be upset by banks’ interest rate gouge
Consumers remain positive despite successive interest rate increased from the Reserve Bank of Australia and increases in home loan lending rates above and beyond the RBA in November by all major banks.
Mining industry job ads up 30% despite Labor’s planned mining tax
Australia’s mining industry is driving an increase in job advertisements in the past six months, with job ads in the sector up almost 30 percent in the industry.
Consumer confidence bounces back 17 percent: Westpac Survey
The Westpac – Melbourne Institute Index of Consumer Sentiment has bounced back 17 percent over the last two months as consumers burned by six RBA interest rate increases in nine months recover.
Economic growth will trigger rate rise in August: Westpac
Westpac’s Melbourne Institute Leading Index has peaked, but will remain well above the long term trend of 3 percent over the next three to nine months, triggering fears of a rate rise in August.
Employment grows for 10th consecutive month
The number of fully employed persons in Australia grew for the 10th consecutive month, while Australia’s unemployment rate remained steady at 5.1 percent in June.
Job ads flat as election looms
The Australian job market has stagnated in June after rebounding 5.47 percent in May, according to the latest Advantage Job Index online job ads figures.
Job vacancies down 2.8 percent in May
Job vacancies fell in May by 2.8 percent from February to 164,600 in the latest ABS data, with public sector vacancies collapsing 12.3 percent over the same period.
Skills shortage nets $661 million in federal budget funding
Australia’s acute skills shortage received a significant boost, with $661 million in funds allocated in the Federal Budget to address training, apprenticeship and adult literacy issues.
Job market dives as interest rates impact hiring decisions
Those looking to change jobs should hold on a little longer, the Advantage Job Index suggests, with the job market taking a small dive last month.
Job ads up 12.1 percent in February: ABS
Job figures out today from the Australian Bureau of Statistics indicate the economy is well on the way to recovery with Job ads up 12.1 percent in February.
Monster.com returns to Australia with CareerOne.com.au
Job site Monster.com.au has returned to Australia almost 7 years after shutting down their Australian operations, teaming up with CareerOne.com.au to power their site.
WA engineering jobs shipped offshore
Engineering jobs are being filled by overseas workers while Western Australians miss out on work, Shadow Training Minister Ljiljanna Ravlich said today. Ms Ravlich said there was an estimated $140billion worth of projects in the pipeline requiring 47,000 construction jobs and 11,500 permanent jobs. “While the Premier crows about the benefits of the impending boom, […]