In The Media

What a joy it is, as an economist, to be writing about fabulous economic news. The run of news in recent months has confirmed the economy doing well, but the May labour force data which showed a 115,000 lift in employment and the unemployment rate diving to 5.1 per cent, takes the cake as spectacularly good economic…

Money experts have been left scratching their heads as unhappy Australians refuse to switch internet providers, despite better services and cheaper deals on offer. New research from Mozo found that 61 per cent of Australians have never switched their internet providers, despite 17 per cent admitting that they are unhappy with their providers. (Image: Supplied).…

NAB and Macquarie have today joined 15 other lenders in hiking their four and five year mortgage rates. NAB will increase its four and five year fixed term rates by up to 0.25 per cent for owner-occupier loans with principal and interest repayments. Macquarie Bank has also increased the rate on its four and five…

Wall Street has only just picked itself up after a multi-day slump that saw all three major US bourses deep in the red as investors fretted over fresh inflation data that was hotter than expected. The US Labor Department’s consumer prices report for April displayed the biggest rise in nearly 12 years. The data triggered a Wall Street sell-off…

An email security platform has issued a new warning about a fake parcel delivery scam that aims to steal recipients’ personal information and banking details. MailGuard said it had intercepted an email posing as a delivery alert that exploits Australia Post’s branding. The email claims to be from a sender called ‘parcelmonitor’, but the email…

The wealth gap between young and old Austrlaians may have closed slightly, but thanks to the latest Federal Budget, the gains are only temporary. The Actuaries Institute released the newest Intergenerational Equity Index finding young Aussies managed to close the gap with their wealthy elders last year, reversing a seven-year trend. But, the report said…

The best bank in Australia is headquartered in the Netherlands and the big four failed to even make the top 10, according to a new report. The Forbes World’s Best Banks list has shown ING Group, which is based in Amsterdam, is the number one bank in Australia. Forbes, in partnership with market research firm Statista, surveyed…

Australia’s economy has bounced back stronger than many expected, more than a year after businesses shut its doors amid the COVID-19 pandemic which saw borders closed and lockdowns imposed. In the latest quarterly Business Outlook report, Deloitte Access Economics partner Chris Richardson outlined several indicators of this economic growth, as well as a few predictions…

The COVID-19 pandemic has driven huge demand for website creators, agricultural plant operators and pharmacists, new data analysis has revealed. There were 15,000 more people in multimedia manager and web developer roles in February 2021 compared to the 12 months prior, according to expert analysis of ABS figures, representing a surge of 292 per cent.…