Employment-to-population ratio at near record high
Analysis of the Australian employment situation.
Nick Hossack
Productivity | the single statistic ringing alarm bells
A positive development since the emphatic Labor win at the election is the renewed discussion about the potential for productivity-enhancing economic reforms.
Encouragingly, this is not being ruled out by anyone. The Treasurer has colourfully noted that the primary economic task for the first Labor Government was to tackle inflation
This may help explain Labor's win
It is easy to get bogged down in complex explanations as to why Labor had an historic Federal election win. No doubt a contributing factor is revealed in the chart below. Since 1978, the average unemployment rate in Australia has been 6.19%.
Of all our Prime Ministers, Albanese has
This may help explain Labor's win
It is easy to get bogged down in complex explanations as to why Labor had an historic Federal election win. No doubt a contributing factor is revealed in the chart below. Since 1978, the average unemployment rate in Australia has been 6.19%.
Of all our Prime Ministers, Albanese has
Macquarie Bank dominating growth in owner occupied housing lending
Over the last 12 months, Macquarie has grown its mortgage lending market share by 0.7%, more than three times faster than second fastest, Bendigo. Westpac, NAB, CBA have lost market share.
Insurance prices up 44.1% in Adelaide under Albanese
Digging into the quarterly CPI allows a more specific identification of cost of living pressures. The chart below shows the top and bottom 15 product price changes since Labor elected in May 2022.
Westpac winning in business lending
Over the last 12 months, Westpac has increased its market share of business banking by 0.7 percentage points, marginally faster than CBA. NAB has lost market share but still has largest share, 21%.
Double that of France - 31.5% of Australians born overseas
Data released by the ABS shows that an extraodinary number of Australian residents were born OS, 32.5%. This compares to Germany (19.8%), the UK (17.1%). Of democracies, Australia leads the pack.
Inflation under Albanese well above Scott Morrison
Since 1959, the average quarterly inflation rate in Australia is 1.1% (4.4% annualised). The chart below calculates averages by PMs. Albanese is right on average, but well above Scott Morrison, 0.6%.
Three major banks losing market share in domestic banking market
CBA, NAB and Westpac have all lost market share over the last year. CBA still accounts for 20.49% of total resident assets, but this is down 0.7 percentage points over the year to March 25.