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Latest news: Productivity

Unemployment nears five-year high ahead of rates call

Unemployment nears five-year high ahead of rates call

While a rise in the unemployment rate in August likely won't stop the Reserve Bank hiking rates at its next board meeting, further rate rises are less certain.

Productivity boss hits out at 'schoolyard name calling'

Productivity boss hits out at 'schoolyard name calling'

Productivity boss hits out at 'schoolyard name calling'

Productivity boss hits out at 'schoolyard name calling'

Derided as "East Coast clowns", the head of the productivity commission has savaged WA Premier Roger Cook for his "schoolyard" attack.

Soft landing botched: IMF backs more rate rises

Soft landing botched: IMF backs more rate rises

Soft landing botched: IMF backs more rate rises

Soft landing botched: IMF backs more rate rises

The Reserve Bank should "stand ready" to raise interest rates again, as the Middle East war and poor productivity growth make it harder to get inflation down.

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GST revolt continues with treasurer's 'privilege' claim

GST revolt continues with treasurer's 'privilege' claim

A state treasurer has appeared before the Productivity Commission, outlining his concerns about the current GST system privileging one state over others.

Worse than 2007: productivity stat bad news for the RBA

Worse than 2007: productivity stat bad news for the RBA

Low productivity means Australia's economy is growing above its "speed limit", amplifying concerns the Reserve Bank will hike interest rates again.

Treasury tips AI as key driver of productivity growth

Treasury tips AI as key driver of productivity growth

Advice given to the federal treasurer suggests the real impact of artificial intelligence is too hard to predict but will be largely positive for Australia.

Banks tipping November rate hike after 'hot' inflation

Banks tipping November rate hike after 'hot' inflation

Despite headline inflation falling to 3.5 per cent - the lowest level since November - an above-expectations result adds to the case for more rate hikes.

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Rise in unemployment shows jobs market softening slowly

Rise in unemployment shows jobs market softening slowly

Rise in unemployment shows jobs market softening slowly

Rise in unemployment shows jobs market softening slowly

The jobs market appears to be softening with a rise in the jobless rate to 4.5 per cent, which should take pressure off the Reserve Bank to lift interest rates.

Electric trucks could deliver a billion-dollar payload

Electric trucks could deliver a billion-dollar payload

Electric trucks could deliver a billion-dollar payload

Electric trucks could deliver a billion-dollar payload

Australian laws are keeping heavy-duty electric trucks off the road, a report says, when they could boost productivity by more than $2 billion.

Cybersecurity concerns abate ahead of national census

Cybersecurity concerns abate ahead of national census

Cybersecurity concerns abate ahead of national census

Cybersecurity concerns abate ahead of national census

The federal minister in charge of the 2026 census says the safety of sensitive information is at the forefront of the national survey.

'Unrealistic' rules for AI data centres spark warning

'Unrealistic' rules for AI data centres spark warning

'Unrealistic' rules for AI data centres spark warning

'Unrealistic' rules for AI data centres spark warning

Investors could be deterred from investing in new AI data centres in Australia if national guidelines under negotiation are too strict, the coalition warns.

Surprise inflation drop eases chance of RBA rate hikes

Surprise inflation drop eases chance of RBA rate hikes

Surprise inflation drop eases chance of RBA rate hikes

Surprise inflation drop eases chance of RBA rate hikes

Inflation figures have come in under the Reserve Bank's predictions, but some economists warn they might not paint a true picture.

Union warns data centres poaching tradies from housing

Union warns data centres poaching tradies from housing

Union warns data centres poaching tradies from housing

Union warns data centres poaching tradies from housing

The Electrical Trades Union's head warned data centres are creating a worker shortage when new homes are built.

'Win-win': quick fix to stamp out AI-fuelled loan fraud

'Win-win': quick fix to stamp out AI-fuelled loan fraud

'Win-win': quick fix to stamp out AI-fuelled loan fraud

'Win-win': quick fix to stamp out AI-fuelled loan fraud

Allowing the tax office to share lenders' financial information with banks could help counter a surge in loan fraud fuelled by artificial intelligence.

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Energy red tape could 'stall AI data centre boom'

Australia can rekindle the strong productivity growth of previous decades if it speeds up the adoption of AI, tech giant Anthropic says.

Corporate regulators told not to hinder nation's growth

Corporate regulators ASIC and APRA have been directed to prioritise economic growth and productivity, in new guidance provided by Treasurer Jim Chalmers.

'Column of smoke': coalition launches One Nation attack

An economic blueprint has been pitched by the coalition to win over voters as it warns One Nation won't be able to deliver on its promises to Australians.

'Invisible' organisation boosts economy by $2m a day

A little-known firm that ensures the food Australians eat and the medical results they receive are up to scratch contributes millions of dollars to the economy.

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Aussie AI boost: $500m network planned for major cities

Australia's internet infrastructure is not ready to handle increasing artificial intelligence demand, according to one telco that plans to build more fibre.

Strong jobs figures clock on for future rate rise shift

More than 40,000 jobs have been added to Australia's economy to exceed expectations, but slowing growth could ease the Reserve Bank's inflation fears.

The AI trap: firms buy too much tech, too little talent

More businesses are investing in artificial intelligence to boost productivity but a leading tech firm says they are not all getting investments right.

'Missed opportunity': tax findings land as talks go on

Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry.

Slowing economy could shut the door on more rate hikes

Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.

Australia's fiscal metrics 'broadly weaker' than peers

A top rating agency has reiterated its confidence in Australia's ability to pay its bills, while hinting at potential longer-term issues with its NDIS spending.

'Take a breath': Google tells Aussies to relax about AI

Workers need to stress less about the impact of artificial intelligence on their jobs, Google's Australian managing director says, and adapt to the disruption.

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