New ABS data released today has confirmed that annual wages growth remains at record lows, following years of wage stagnation under the Liberals long before the pandemic.

It’s good news the Government will be amending its legislation for the News Media Bargaining Code and that, as a consequence, Facebook intends to restore Australian news pages.

Another day, another broken promise from Scott Morrison on superannuation.

Two years after shocking misconduct was revealed by the Banking Royal Commission only a third of the 76 recommendations have been implemented and are in force.

When the Reserve Bank Governor has again warned that “wages growth is the lowest in decades” and this is “likely to be with us for some time”, the Morrison Government’s highest priority is to cut take-home pay for Australia’s working families.

As the Morrison Government prepares to cut JobKeeper, new ABS figures confirm what Australians already know – the recovery from the worst recession in a century is patchy, and without the right economic supports too many workers will be left behind.

While the IMF’s new World Economic Outlook Update says prospects for global growth have improved, it still expects the international economy will be characterised by risk and uncertainty associated with the ongoing COVID-19 pandemic.

Again today the Treasurer has been sprung exaggerating the number of jobs flowing from his hiring credits program, which is only expected to create around 45,000 jobs and not the 450,000 he has claimed. 

One of the reasons household savings have been higher than usual is because many people have been reacting to a lot of uncertainty.

New data shows a welcome increase in jobs, concentrated in Victoria where 80 per cent of new jobs were created, but more than 2.2 million Australians are still looking for work or more hours as the patchy recovery continues.