Home / Posts tagged "Australian economy"

Australian economy

840 Cranes Operating Nationwide

Posted on by Laze Spasevski
840 Cranes Operating Nationwide
According to multinational construction group, RLB, 840 cranes are operating nationwide. Construction crane numbers remain strong across Australia despite a recent dip in building activity. With 840 cranes operating nationwide during the first quarter of 2025, the country continues its streak of 800-plus active cranes. This trend started in the first quarter of 2022. However, numbers were l...
Read More

Young Australians Struggling to Find Jobs

Posted on by Laze Spasevski
Finding a job "increasingly complex" for young workers
Young Australians, aged 15-24 years, are struggling to find jobs. Their struggle is primarily due to a combination of factors, including a lack of skills, qualifications, and experience, which places them at a disadvantage in the competitive job market. As a result, the youth unemployment rate is consistently about five percentage points higher than the national average. According to Jobs &...
Read More

Government Aims to Protect Small Businesses

Posted on by Laze Spasevski
New protections aim to level the playing field between big & small companies
The federal government aims to protect small businesses from unfair trading practices imposed on them by larger companies. The government said, "Treasury will consult this year on the design of protections for businesses, including whether a principles-based prohibition should apply and whether specific unfair trading practices should target small businesses." Unfair practices may includ...
Read More

Insolvency Levels Surged

Posted on by Laze Spasevski
Insolvency Levels Surge
In worrying news for the small business sector, insolvency levels have surged to their highest point in nine years. Insolvency levels in the March quarter were 41.1% higher than the year before and 145.7% higher than the year before that, according to the latest data from credit bureau Equifax. Business owners in the construction and hospitality sectors are doing it particularly tough, b...
Read More

Wages Increased 0.8% in the March Quarter

Posted on by Laze Spasevski
The wages of the average Australian worker increased 0.8% in the March quarter. This takes annual wages growth to 4.1%, according to the Australian Bureau of Statistics. The industries with the biggest annual increases in wages were: Health care & social assistance: 5.3% Electricity, gas, water & waste services: 4.4% Retail trade: 4.4% Transport, postal & warehousi...
Read More

Unemployment stayed at 3.5%

Posted on by Laze Spasevski
Unemployment stayed at 3.5%
Australia’s unemployment rate has stayed at 3.5% in March. It now had a ‘3’ in front of it for 13 consecutive months. Since February 2022, unemployment has ranged between 3.4% and 3.9%. In March 2023, it held steady at 3.5% for the second consecutive month, according to the Australian Bureau of Statistics. In line with the increase in employment, female participation rates surged to a re...
Read More
Top