Australian Bureau of Statistics
The Reserve Bank of Australia has been widely tipped by economists to provide a pre-Christmas interest rate cut today, amid continued concerns about the strength of the economy.
The turnover rate of Australia’s top CEOs has hit record levels since the GFC, with one in four leaders of our largest businesses reportedly losing their jobs last year.
Residents of ritzy Melbourne suburb Toorak are Australia’s highest wage earners, taking home an average estimated income of $132,252.
In a lively speech delivered last week, former opposition leader Malcolm Turnbull covered everything from hard hats and fluoro vests to the embracing of “creative destruction” in his critique of Australia’s start-up scene.
The Federal Government has hailed the latest unemployment figures, despite an economist claiming the 5.4% jobless rate is a “middle of the road” figure.
The healthcare and social services sectors now employ more people than any other industry in Australia, according to results from the 2011 Australian census.
More than one in 20 Australians purchase organic products on a regular basis, according to a new report, which predicts the $1.27 billion industry is set for 15% annual growth.
Australia’s trade deficit has topped $2 billion, the worst result since March 2008, with falling prices and the strong Australian dollar blamed for the dip.
The national jobless rate fell to a seasonally adjusted 5.1% in August, according to the latest figures from the Australian Bureau of Statistics.
The Reserve Bank of Australia is expected today to keep interest rates on hold at 3.5%, for the third month in a row.
Australia’s unemployment rate eased to 5.2% in July, according to new figures, although a Westpac economic note warns it would be “inappropriate” to interpret the fall as the start of a tumble in the jobless level.
The London Olympics could be a boon for start-ups as they draw inspiration from major retailers such as Nike, which is allowing shoppers to compete against each other in virtual games.
Company collapses increased by 1.7% in May, with businesses in South Australia, Victoria and the ACT hardest hit by Australia’s uneven economy.
There is a rare ray of sunshine for retailers in the form of new figures that show sales in May rose by an unexpected 0.5%.
Businesses are being encouraged to rethink their advertising, with a new survey revealing a quarter of Australian consumers are being ignored by marketers due to ill-conceived campaigns.
The proportion of “innovation-active” businesses fell 5% in 2010-11 to 39%, according to the Australian Bureau of Statistics, with micro businesses among the least likely to innovate.
Micro businesses shouldn’t overlook the opportunities afforded by mobile optimisation, with new statistics revealing one in three Google web searches on mobile devices are local in nature.
The latest census data has highlighted several major business opportunities, namely the population explosion in resource-rich states, and Australia’s increasingly multicultural society.
Toiling away at a business only for a competitor to steal your product idea or brand may be the nightmare of many entrepreneurs, but research out this week shows that worryingly few are prepared to do anything about it.
Almost 70% of businesses with zero to four staff use no intellectual property protection methods, according to an alarming Australian Bureau of Statistics report.