Economy

COVID-19 effect: Healthcare takes over retail as biggest employer for Aussies

May 30, 2021 12:41 AM AEST| By Furquan Moharkan

The growing focus on healthcare amid the COVID-19 pandemic has had yet another effect in Australia – healthcare has pipped the retail sector as the biggest employer for Australians. As per the latest data released by Australian Bureau of Sta.....

Joblessness in Australia down to pre-pandemic levels

May 30, 2021 12:39 AM AEST| By Furquan Moharkan

The joblessness in Australia has come down to the pre-pandemic levels, as the country marked its biggest dip in unemployment in four years during the month of April 2021. At the end of April, 763,177 Australians were unemployed, 8.4% down from 832.....

Needle on Australia’s Property Market

May 26, 2021 08:07 PM AEST| By Team Kalkine Media

Summary Australian property prices do not appear to simmer down anytime soon, posing a threat not only to potential buyers but also to those living on rent. Regional areas have observed house values increasing to more than double due to increas.....

Where is the Australian Labour Market Headed?

May 24, 2021 03:03 PM AEST| By Team Kalkine Media

Summary The Australian unemployment rate has dropped to its lowest in a year. Speculations are rife about impending inflation and the shift to normalcy. The ABS has reported an unemployment rate of 5.5% for the month of April 2021, marking a st.....

China’s trade restrictions may fall flat as Australia eyes Asia Pacific markets

May 24, 2021 12:26 PM AEST| By Team Kalkine Media

China is one of the leading iron ore importers for Australia. As trade tensions heighten between the two, Australia could potentially be looking at a huge slump in export revenues if things do not go right. As if the pandemic-induced fall in demand.....

5 Reasons to Worry About Growing Inflation Anxiety

May 22, 2021 02:52 AM AEST| By Team Kalkine Media

Inflations concerns among investors and experts have taken shape over the past few months. Fears are mounting that a strong post-COVID recovery could spur consumer spending and a resultant price increase in economies, like the US. At a time when i.....

Did the end of Jobseeker Subsidy really Impact Unemployment in Australia?

May 22, 2021 02:49 AM AEST| By Team Kalkine Media

Summary The Australian Unemployment rate has fallen to 5.5% as per the Australian Bureau of Statistics. The current statistic is slightly above the pace at the start of the COVID-19. The federal budget, presented last week, included a plan to i.....

Victoria rolls out budget, to pump billions in the healthcare space

May 20, 2021 03:51 PM AEST| By Furquan Moharkan

The healthcare space has come out as priority in the Victoria’s provincial budget for 2021-22, as the COVID-19 pandemic exposed the fault lines in the global healthcare system. Price is Less albeit Opportunities are&.....

Australia’s wage growth shows signs of recovery, but public sector remains fragile

May 20, 2021 11:38 AM AEST| By Team Kalkine Media

The Australian Wage Price Index, a key indicator to gauge overall health of an economy, grew at a subdued rate in the first three months of the year, even as unemployment rate fell faster than expected. In the January-March quarter of 2021, the Au.....

What do Rising Bond Yields Indicate About the Economy?

May 19, 2021 06:22 PM AEST| By Team Kalkine Media

Summary Bond yields have a significant impact on the economy and the stock markets, with rising bond yields usually indicating a stock market slowdown. Interest rates are inversely linked to bond prices due to the time-honoured tradition of dem.....

Did Colonial Pipeline Attack Drive US Oil Prices Up?

May 19, 2021 11:48 AM AEST| By Team Kalkine Media

Summary US gasoline prices hit a seven-year high of US$3.045 a gallon on Monday. The cyberattack on Colonial Pipeline triggered panic buying of gasoline. Russia-based hackers’ group Darkside had carried out the attack for ransom. Ga.....

What are the Factors Impacting Bond Yields?

May 18, 2021 05:19 PM AEST| By Team Kalkine Media

Summary Rising bond yields are often associated with some pressure in the share market. When interest rates fall, investors may prefer investing in bonds rather than stocks, and bond yields fall. The bond yields rise in case of economic growth.....

Which are the ten best-suitable countries for renewable energy investment?

May 16, 2021 12:31 AM AEST| By Team Kalkine Media

Summary Earlier this month, the IHS Markit released its 2020 list for 10 best countries for renewable energy investment. As per the International Renewable Energy Agency, to meet the Paris agreement targets, the share of renewable energy in ele.....

Solar Energy In Australia- Where Are The Pockets Of Opportunities?

May 16, 2021 12:25 AM AEST| By Team Kalkine Media

Summary solar energy is one of the most important forms of renewable energy because it is a vastly available clean energy resource. Australia receives the highest radiation per square meter and is one of the best places to develop solar energy .....

Can inflation woes spark a firestorm in global markets?

May 15, 2021 03:47 AM AEST| By Furquan Moharkan

The global equity markets are witnessing a sizeable correction. The reason? The credit may become costlier for the companies. In the past seven days, two data sets on inflation came to light, and both presented a grim picture. The United States, the...

Drought Dents Australia’s crop production in 2019-20

May 15, 2021 03:43 AM AEST| By Furquan Moharkan

The value of Australian crop produced in 2019-20 dropped 4.8% in 2019-20 owing to the drought conditions prevailing in the country. According to the latest data released by the Australian Bureau of Statistics (ABS), the total gross value of crops .....