The prospect of further interest rate hikes and higher inflation has failed to dent the confidence of Perth business leaders, who say WA is better positioned to weather the storm than east coast counterparts.
Danielle Le Messurier
No WA business, regardless of size and location, is exempt from the skills crunch amid warnings firms will be stymied from a lack of available workers as the Federal government grapples with visa delays.
You may have laughed along with global bankers when the RBA governor was embarrassed by Australia’s inflation situation, but the mirth masks a substantive problem.
The Reserve Bank, under pressure to prove it has inflation under control, should raise rates by 50bp in both July and August, a leading economist believes.
Another $40 will appear in up to 500,000 WA workers’ pay cheques this week as a series of increases take effect.
The annual loss will likely reduce the average balanced superannuation fund by more than 3 per cent.
Homes in Australia’s capital cities are continuing to decrease in value amid the nation’s widespread economic crisis.
Changes are coming for people receiving Centrelink payments with a raft of new rules. Here’s what you need to know for the new financial year.
Australia’s biggest bank has announced a huge hike to one of its interest rates, spelling plenty of pain for borrowers.
Millions of Australians are in line for a pay increase from Friday. Here’s which occupations will be hit with the rise.
Job vacancies grew by 13.8 per cent in the three months to May and stand at more than double the number recorded before the COVID-19 pandemic set in.
After accounting for departures, the State welcomed nearly 5000 new residents in the December quarter, the highest number since data was first collected in 1981.
The Reserve Bank of Australia is likely to use yet another month of retail spending growth to support another 50 basis point to interest rates next week, economists believe.
Adrian Lowe and Cheyanne Enciso
The latest census data has revealed a key insight into young people and how they have been living.
The federal government is set to introduce a proposal for the Fair Work Commission to set minimum pay and standards for gig economy workers.
Australian retail sales have defied market expectations amid tough economic conditions, but it isn’t all good news.
World bankers this month laughed at RBA governor Phillip Lowe during a financial forum in Switzerland. Here’s why.
Uber has signed a landmark deal and it has the possibility of shaking up the gig economy for good.
Rideshare company Uber and the Transport Workers' Union have signed an agreement on worker rights in what they say is a first for Australia's digital economy.
Retail spending grew by a larger than expected 0.9 per cent in May to a record $34.2 billion, the Bureau of Statistics says.
Treasurer Jim Chalmers has welcomed Moody's affirmation of Australia's AAA credit rating.
The fuel retailer’s boss Matt Halliday says he’s never seen such divergent views on oil, blaming the price surge that has sent petrol prices over $2 a litre on decisions out of Ampol’s control.
Consumers are in a defensive and frugal mindset amid an estimated $6000 annual hit to household incomes, ongoing inflationary pressure and mounting cost of living pressures.
Perth drivers are being urged to fill up fast to beat an eye-watering jump in fuel prices, with some retailers set to charge $2.40 a litre for regular unleaded.
Rebecca Le May
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