Economy news headlines

The number of Australians changing jobs has fallen down to pre-pandemic levels, according to new data from the ABS.

Australian software company Employment Hero has revealed 10 jobs that have a higher earning potential than CEOs.

Mortgage holders reducing their monthly repayments to cope with rising interest rates could be adding hundreds of thousands of dollars to their debts.

The property needs at least $500,000 spending on it to make it liveable.

Nike posted sluggish growth as the largest sportswear brand in the world faced rising competition, a consumer pullback in its key markets and strategy missteps.

Cost of living relief is on the way for thousands of low income earners across South Australia struggling to pay their water bills.

The announcement by the Melbourne independent producer is the latest in a series of business failures for the sector.

It comes just months after Lindsay Fox-owned Armaguard rejected a $26 million short-term lifeline from the big four banks, Coles, Woolworths, Wesfarmers and Australia Post.

Overclaiming deductions or supplying the wrong contact or bank details are among the common mistakes made.

Small businesses are hoping for a spending boost next month fuelled by tax returns starting to land in the pockets of Australians.

With most economists forecasting little chance of a cut in the cash rate before next year, the housing market remains vulnerable.

The Reserve Bank has kept interest rates on hold but has left the door open for another hike in the coming months even as thousands of households anxiously rate for a long-heralded cut.

New research has ranked the world's most competitive economies for 2024, with results showing smaller, more agile countries have a key edge. Click through to see where Australia ranks.

The deal will be funded by frozen Russian assets seized after the Kremlin launched the Ukraine invasion.

Hundreds of customers say they are in a dire situation, having been locked into seemingly never-ending builds.

Cars were set ablaze and anti-government protesters dragged through the streets metres from where politicians argued over the austerity measures.

The return of lobsters to the Chinese market would be a milestone in the federal government's ambition to stabilise bilateral relations.

New research offers a glimmer of hope for tenants around the country battling skyrocketing rents.

Australia's financial regulators have warned more and more homeowners are falling behind on their mortgage repayments on the same day ANZ said relief is even further away than hoped.

The mayor said his city is a "proven performer" and has "proven its case" for amusement parks.

Jim Chalmers said he was not expecting a recession, but acknowledged the national accounts data from the Australian Bureau of Statistic was "very weak".

GDP has risen by just 0.1 per cent in the first three months of this year - the lowest rate since the last COVID-19 lockdown.

Experts have urged Australians to re-examine their health insurance policies and assess their needs.

Michele Bullock has issued a word of caution to the Australians hoping for an interest rate cut.

High costs in building materials over recent years and the interest rate spikes are being blamed.

China is doubling down on its plan to dominate advanced technologies of the future by setting up its largest-ever semiconductor state investment fund, according to information posted by a government-run agency.

The business said it was time to embark on a new journey.

Chef Adrian Richardson said the decision didn't come lightly but said it was time to focus on new projects.

Many Australians over 60 have spent more on travel and dining out in the last year, while people in their mid-to-late 20s have pulled back on their spending, new research suggests.

The average age for when workers intend to retire has remained between the ages of 65 and 66.

We've been hearing about the health benefits for years but during a cost-of-living crisis, high prices can put olive oil out of reach.

The higher-than-expected jump brings it back to January levels and reduces the chance of a further interest rate hike.

The restaurants were known for selling expensive cuts of meat, with one $500 dish boasting a 1.6-kilogram wagyu tomahawk covered in gold leaf.

Customers have five days until the bank transitions into digital-only payment systems.

Depending on where you look, Jim Chalmers is a "money spinner", inflation dragon tamer or a clown whipping up ballon animals for all.

The whole range of products will no longer be sold at Woolworths, Coles or any other Australian retailers.

One city in particular has shrugged off historic interest rate hikes to see sales soar.

The Reserve Bank of Australia (RBA) has kept interest rates on hold despite stickier-than-expected inflation and the ever-growing spectre of rising house prices.

The Reserve Bank is meeting to fix interest rates as a former governor insists the battle against inflation is not over.

About 67 per cent of Australians don't feel their superannuation is in a good position for their age.

Economics advisor Warren Hogan says the strengthening economy could spell bad news for battlers.

It wasn't high earners bearing the brunt of the burden, with low and middle incomes having to cough up more.

Australia's unemployment rate has risen slightly to 3.8 per cent, up from last month's surprisingly low figure of 3.7 per cent.

A respected global body says the Russian economy has been bolstered by oil exports and government spending.

And one economist warns it could descend further, potentially prolonging high interest rates.

A wave of mass demonstrations are expected to impact Sydney, Melbourne and other cities today.

The bosses of Australia's biggest supermarkets are bound for Canberra set to appear before a senate committee. 

Coastal communities have been left 'treading water' despite Beijing ending other trade sanctions on Australian products.

In the past year, house prices in Australia have risen 8.8 per cent.

Australians are working longer and retiring more gradually, easing the pressure on the aged pension.