Former Premier Colin Barnett has called time on a nearly three decade parliamentary career, which included leading the Liberal Party to a surprise victory in 2008, and heading a government which increased social support spending and invested substantially in infrastructure.
Western Australia's unemployment rate rose to 6.6 per cent in November despite 8,500 jobs being created, while the national unemployment rate has remained unchanged even though the economy added far more jobs than expected in November.
Gold prices have hovered near their lowest in nearly five months as investors awaited an expected US interest rate increase and clues from the US Federal Reserve on its plans for further rises next year.
Oil prices have slipped for a second straight day, as a slump in US crude stockpiles was offset by a larger-than-forecast rise in petrol inventories and as US crude output continued to grow to record highs.
Australia’s former Trade Commissioner to Mexico, Central America and the Carribean Chris Rodwell will take the reins of the Chamber of Commerce and Industry of WA in February, as Deidre Willmott leaves the helm.
Western Australia’s economy is one year away from a return to normality, according to consultancy firm Deloitte Access Economics, with consumer confidence, exports and dwelling approvals data all pointing towards an upswing.
Gold prices prices hovered above a four-month low on Friday and were on track for their biggest weekly fall since May after progress on US tax reform fuelled optimism about the US economy and boosted the dollar.