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Job Vacancies Declined by 30.7%

Posted on by Laze Spasevski
Job Vacancies Down 30.7% From Peak
Job vacancies have declined by 30.7%. This marks a decrease in 10 out of the last 11 quarters, according to the Australian Bureau of Statistics (ABS). Vacancies peaked at a record 474,700 in May 2022, but have since fallen to 328,900 in February 2025, a reduction of 30.7%. “However, despite the falls in job vacancies over the last two and a half years, the total number of vacancies was s...
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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 &...
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How Inflation is Affecting the Economy

Posted on by Laze Spasevski
Prices soaring for some items, declining for others
The national inflation rate in January was a moderate 2.5% but prices are changing at different rates and are affecting different parts of the economy, according to the Australian Bureau of Statistics. On the high side, prices increased by 6.5% year-on-year for education, 6.4% for alcohol & tobacco and 5.3% for insurance & financial services. On the low side, prices rose only 0.9...
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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...
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ATO Warned Businesses With Tax Debts

Posted on by Laze Spasevski
The Australian Taxation Office ATO has warned businesses with tax debts. The Government’s principal revenue collection agency revealed that it has issued Notices of Intent to disclose business tax debts. At least 9,000 businesses are at risk of having their business debts sent to the credit reporting agencies for the month of October. ATO warned the businesses: That we are behind on th...
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Commercial Sales Set To Rebound

Posted on by Laze Spasevski
  Commercial sales are set to rebound as transaction activity in the Australian commercial property market appears to be trending up. However, sales activity in 2023 will almost certainly be well down on last year's results. There were $29.2 billion of sales in the office, logistics & industrial, and retail sectors during 2022, according to JLL. Which is considerably higher comp...
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Tax Deadline Nears

Posted on by Laze Spasevski
As the tax deadline nears, the Australian Taxation Office (ATO) has reminded taxpayers to lodge their taxes. You may lodge through myGov or engage with a registered tax agent by the October 31 deadline to avoid late lodgment penalties. If you have simple tax affairs, you can lodge online, often in under 30 minutes, through the myGov portal. Most of the information you need will already be p...
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SMEs Optimistic About the Future

Posted on by Laze Spasevski
SMEs are cautiously optimistic about the future, according to the Australian Banking Association's Small and Medium Enterprises Lending Report. The report, which surveyed businesses throughout the country, found an increase in the average value of loans in the year to July: Small business loans rose from $2.9 million to $3.4 million Medium business loans rose from $12.7 million to $...
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Business Credit Applications Fell 2.0%

Posted on by Laze Spasevski
Business credit applications fell by 2.0%, according to the Equifax Quarterly Commerical Insights report for the June quarter. The number of business loan applications actually rose 2.0%, however, trade credit applications fell 2.3% and asset finance applications fell 9.1%. As a result, overall business credit applications has fallen by 2.0%, which was the first decline in five quarters,...
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Australia’s Economy Gets Big Tick

Posted on by Laze Spasevski
Australia's economy is officially one of the strongest in the world. That’s after Moody’s affirmed Australia’s AAA credit rating, making Australia one of only nine countries in the world to have a AAA credit rating with the three major ratings agencies. "Australia's economy continues to demonstrate resilience, underpinned by its scale, diversity and high incomes, as well as its highly fl...
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