November 2024
In the November edition of Economic Intelligence we cover:
- Measuring migrants’ contribution to the Australian labour market: Our research note explores the roles and impacts of migrants in the Australian labour market, including their occupational and industry distribution, qualification profiles, and gender-based employment outcomes.
- Government stimulus obscures increasing weakness in private sector labour market: Despite weak economic conditions, the Australian labour market remains resilient due to significant government stimulus in the non-market sector, particularly in healthcare and social services.
- Tracking Australian industry: Slowest economic growth since early-1990s; headline CPI fell, underlying inflation still high; investment to fall further due to weak conditions; market sector growth anaemic; household spending improved in the Q3 2024 after two years; real labour costs surge due to tight market and high wage growth.
- Q&A with AustralianSuper: The Investment Team at AustralianSuper share insights on the global investment markets, interest rates and the influence of the recent US election.
- Economic Forecasts: RBA forecasts Australian growth will pick up in 2025, while underlying inflation is expected to fall back into target in early 2025 and wage growth will decline steadily throughout 2026.
