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analysis:What has just happened in the US will help Australia's inflation situation, big time

Australian financial markets are now pointing to a close to zero chance of further rate rises — with a fair chance of a rate cut next year. That's thanks to the latest news from the US and UK, writes Peter Martin.
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An older woman with a dark grey bob and glasses speaks into a small microphone in front of a blue screen.

Job ads dive in Australia's most populous states, while applications surge, reports Seek

Job ads are down nearly 20 per cent over the past year, following a slump in October driven by hospitality and retail, indicating many businesses are bracing for a quiet summer.
A job seeker uses an app to search for jobs

analysis:No-one can escape this housing crisis — it's coming for home owners too

If we drop the antagonism between younger Australians and Boomers, will it help to fixing our housing crisis, asks Gareth Hutchens.
An aerial view of a street lined with newly built houses on a sunny day.

analysis:The 'cruel reality' of Australia's recent wage growth

Economists are warning recent wages growth could fuel Australia's already sticky inflation — and put even more upwards pressure on interest rates, writes David Taylor.
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Pedestrians cross a road near a construction site in central Sydney

As unemployment rises, Jack is finding it hard to career-switch from the Navy to the tech sector

A rising number of people looking for work pushes unemployment up, despite the creation of 55,000 jobs last month.
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A man wearing glasses, applying for jobs on his laptop, with a dog sitting on his lap.

Despite the biggest wages rise on record, the real pay of Australian workers is stuck near a 13-year low

Wages post their biggest quarterly increase in at least a quarter of a century, due to big pay boosts for aged care staff and workers on awards.
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A waitress in a white shirt carries a tray of glasses in a Canberra restaurant.

opinion:We could make most Australians richer and still save billions — it's not too late to fix the stage 3 tax cuts

What if the government kept the Stage 3 tax cuts, but reoriented them to Australians who actually need them, asks Peter Martin.
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Jim Chalmers and Katy Gallagher at a press conference on budget day

analysis:If housing was considered a human right, would it fix our housing crisis?

If housing was a fundamental human right, what would that mean for Australians, asks Gareth Hutchens.
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Strip of suburban homes on street

analysis:Australia's economy is morphing before our eyes – and lots of 'small bang' decisions are required

The growing sullenness amongst voters about cost of living pressures makes it inevitable that the economy will once again become the absolute core issue for the government, writes Laura Tingle.
A tight shot of Jim Chalmers head, he wears a suit and red tie stands in front of a blue curtain

analysis:Australia is the odd one out on interest rates around the world

There's nothing in the RBA governor's statement to suggest she is thinking of pushing up rates again, and financial markets are also betting this rate hike will be the last, writes Peter Martin.
Updated
a skyline with houses

analysis:Australia's Big Four banks are betting on a Cup Day rate rise, and it's not because of inflation

Why on earth would Australia's Big Four banks be expecting the Reserve Bank to lift rates on Melbourne Cup Day when Australians are buying less than a year ago and annual inflation is heading down, asks Peter Martin.
Three jockeys aboard three horses crossing the line in the Melbourne Cup.

A rising number of households on the cusp of financial stress, says Reserve Bank

A rising number of households in financial stress, but the RBA says it won't threaten our banking system
An aerial view of a new suburb with townhouses and apartments.

ASX closes higher as trade surplus and household spending data paints less-than-rosy economic picture — as it happened

The ASX gained ground today after a strong lead from tech stocks on Wall Street. The latest trade surplus and household spending data makes for sobering reading on the state of the Australian economy.
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tesla

RBA leaves interest rates on hold at 4.1 per cent

At Michele Bullock's first Reserve Bank board meeting as Governor, the bank left the cash rate untouched at 4.1 per cent. ABC News Finance presenter Alan Kohler speaks to 7.30.
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ABC News Current
Duration: 5 minutes 9 seconds

'Don't know what to do': Home owners struggling to meet mortgage repayments as RBA leaves rates on hold again

The Reserve Bank has left the cash rate unchanged at 4.1 per cent for the fourth month in a row at Michele Bullock's first meeting as governor, but warns another rate hike may be needed as uncertainty grows around oil prices.
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Jalal Ahmed

analysis:RBA warns 'solid middle-to-upper-income' people are the new borrowers in financial stress

The Reserve Bank has kept interest rates on hold, but more hikes are expected later this year as 550,000 people come off fixed mortgages. The RBA itself warns that could put more people in financial stress, writes Nassim Khadem. 
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A drone shot of a new housing estate, with houses stretching as far as the eye can see

analysis:Is the Albanese government's vision of full employment a flop?

The government has a new definition of full employment, but will it make any difference, asks Gareth Hutchens.
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Jim Chalmers and Anthony Albanese walk in a court yard at parliament house with coffees

Retail spending continues to enjoy Matildas boost, but ASX slips again — as it happened

Retail spending was again boosted by the 2023 FIFA Women's World Cup, the latest figures show, but the local share market had a lacklustre day — as it happened.
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Child in the crowd wears green and gold Matildas jersey that reads 'Kerr'

Monthly inflation lifts to 5.2 per cent in August, as rising fuel, food and insurance prices hit households again

The annual rate of inflation jumped to 5.2 per cent in August, up from 4.9 per cent, on rising housing, transport, food, and insurance costs.
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Clint, inflation case study, August 2023

Treasurer Jim Chalmers on plans for handling a rapidly changing economy

The Federal Government has released its employment white paper which outlines a policy road map for jobs, and upgrading skills in a rapidly changing economy.
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ABC News Current
Duration: 10 minutes 6 seconds

Federal government to prioritise aged care apprenticeships

The employment white paper released today describes the care economy as a priority area, as the sector faces workforce shortages and an ageing population.
ABC News Current
Duration: 3 minutes 36 seconds

Government unveils new strategy on skills and employment

Barrenjoey Chief Economist Jo Masters says the new employment white paper, released by the government today, is the start of a critical conversation for Australia.
ABC News Current
Duration: 7 minutes 4 seconds

'Full employment' will be redefined to reflect modern labour market, the Employment White Paper has found

The federal government releases new a definition of "full employment" to reflect the modern labour market, saying it needs to be conscious of underemployment.
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Federal Treasurer Jim Chalmers speaking to media

Qantas boss apologises, Starbucks underpays local workers, and Rio Tinto blasts another rock shelter — as it happened

Australia's share market slumped after losses on Wall Street overnight, then had a later afternoon recovery. Meanwhile, Starbucks, Qantas, NAB, Rio Tinto, and Rupert Murdoch all made major news.
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Starbucks Logo

CSIRO says we need to stop 'catastrophic decline' in our natural systems, releases Natural Capital Handbook for Australian businesses

The CSIRO releases guide to show businesses how to measure natural assets such as clean air, water, soil, and living things, and incorporate them into their financial books.
Burnt timber as far as the mountain horizon five months after fire and green regrowth on trees