News Articles for Australian Bureau of Statistics

Western Australia's unemployment rate has fallen to 4.6 per cent, the lowest since December 2013.

Analysis: Prices are growing faster in Perth than any other capital city. But should we be concerned?

New figures show the negative impact a series of virus lockdowns have had on both retailing and the construction industry in recent months.

Western Australia's labour market has continued to go from strength to strength as another month of labour force data rolls in.

Treasurer Josh Frydenberg concedes the economy faces a downturn in the September quarter, but is confident it won't extend into the December quarter.

The Australian Bureau of Statistics is set to release its preliminary retail spending for June, which will take into account Victoria's previous lockdown.

A rise in the number of men seeking work has led to a rise in the state's unemployment rate by almost 0.5 percentage points in June.

House building approvals dropped by more than 10 per cent in May, retreating from the record high posted a month earlier.

Investors have made their biggest push in the housing market in almost six years, helping lift new home loans in a record month.

Exports from WA hit a fresh record in May, with $22.7 billion of merchandise shipped, while job vacancies are substantially up.

The Reserve Bank appears to be sticking to its interest rate view for now, as new figures show a record trade surplus and continuing strong demand for workers.

Unemployment has fallen to the lowest level since 2013 in Western Australia, with employment of women well above pre-COVID levels.

The Reserve Bank of Australia board believes the economy is transitioning from recovery to expansion with more momentum than previously anticipated.

Western Australia continues to lead the nation in its economic recovery, according to the latest quarterly national accounts data from the ABS.

New lending for housing in Western Australia has dropped 7.9 per cent after applications under the state's Building Bonus Grant closed, while national lending has risen to a record high.

At least 56,000 people have been left out of work since the JobKeeper wage subsidy scheme ended in March.

A nationwide run of six consecutive months of employment growth was halted in April 2021, with the number of people employed falling by 30,600 as JobKeeper came to an end.

New figures suggest next week's crucial economic growth figures will get a major boost from business investment and finalise a complete recovery from last year's recession.

Iron ore shipments to China struck another record high in April, helping to lift overall Australian exports to a historic peak of $36 billion.

Unemployment fell slightly to 4.9 per cent in Western Australia, despite 15,000 people losing jobs in April.

Annual wage growth was 1.5 per cent as of March, at least half the rate the Reserve Bank needs to see to return inflation to normality.

Supply chain issues have been a feature of the COVID-19 global economy and have been disrupting business activity for some time, constraining business potential and operations.

Job advertising as measured by the monthly SEEK employment report has grown by a record amount for a second consecutive month.

Employment rose in mid-April, but the ABS says it remains inconclusive what impact the end of the JobKeeper wage subsidy has had on the labour market.

The value of Australian homes has topped $8 trillion; more than the gross domestic product of almost every country on Earth.

The Reserve Bank has upgraded its economic forecast while reiterating that the cash rate will remain at a record low 0.1 per cent until 2024.

Perth consumer prices rose 1.4 per cent in the March quarter as electricity bill relief was used up by households and petrol prices jumped.

Retail spending across Australia jumped 1.4 per cent in March, stronger than the 1 per cent increase expected by economists.

Treasurer Josh Frydenberg is confident Australia has bounced back from the coronavirus recession, but concedes there could still be some "choppy" jobs figures ahead.

WA has outperformed other states with a huge drop in its unemployment rate in March, to 4.8 per cent.

Business conditions rose to a record high in March, while confidence remained above average despite a small dip, NAB's monthly survey shows.

Almost 289,000 jobs were available in February, the highest level in at least eight years, including a 45 per cent lift in Western Australia.

Retail sales dropped 5.4 per cent in Western Australia in February, about seven times more than the national average fall.

Australia's homebuilding sector smashed another record last month, with detached building approvals in February reaching their highest level since 1983.

Payroll jobs were slightly higher than a year ago by mid-March as the economy continued to recover from last year's deep recession.

Australian businesses are enjoying improved financial circumstances and are relying less on government support measures.

Treasury chief Steven Kennedy believes few countries have achieved what Australia has in responding to last year's recession – relatively good health outcomes, smaller economic impacts and now, rapid recovery.

Snap lockdowns due to the coronavirus pandemic in Perth and Melbourne drove a fall in retail turnover in February.

Scott Morrison has talked up the recovery in employment, which has seen the unemployment rate shrink to 5.8 per cent, while WA's rate was 6 per cent.

Australian authorities have thrown their support behind the AstraZeneca vaccine despite a handful of new allergic reactions and increasing global trepidation.