Jennifer Duke

The unemployment rate has surged to 4.5% in September, following an upwardly revised jobless rate of 4.3% in August. There was an increase of 14,900 workers overall and a 33,900 jump in joblessness.

Treasurer Jim Chalmers has announced a drastic change to his controversial plans to tax unrealised gains in $3 million plus superannuation accounts and a raft of other alterations.

Joblessness is tipped to hit 4.3%, and the Reserve Bank's top officials will have a chance to send fresh signals to rate watchers.

The Organisation for Economic Co-operation and Development (OECD) has urged governments to find ways to engage cooperatively on global trade and work to make trade policy more predictable amid an interim economic outlook that warns the full effects of US tariffs is yet to be felt.

Productivity growth increased over the June quarter but remains at low pre-pandemic levels.

The unemployment rate held steady at 4.2% in August. This was in-line with market expectations for joblessness but there was a sharp drop in people employed that was not on the radar of most economists.

Reserve Bank of Australia deputy governor Andrew Hauser has described predictions of the death of the US dollar and by extension Australia’s hedging model as “somewhat premature” while encouraging superannuation funds to scale up their risk planning and scenario-modelling capacity.

The monthly consumer price index indicator jumped 2.8% in the 12 months to July, after a 1.9% result in June, according to the Australian Bureau of Statistics. This was far above the 2.3% consensus expectation.

In an exclusive interview, the opposition treasury spokesman suggests the Liberal Party will pursue a more laissez-faire approach to regulating AI than Labor.

Michele Bullock wasn't keen to talk about it, but the central bank has shifted its productivity assumptions in a profound move ahead of next week's economic roundtable.