Unconventional Economist

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also Chief Economist and co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.

Unemployment shock tempers rate hike expectations

Thursday’s labour force shocker from the Australian Bureau of Statistics (ABS), which saw the nation’s unemployment rate rise to a five-year high of 4.7% (4.6% in trend terms), has tempered the financial market’s expectations for another interest rate hike.

New Zealand house prices crash back to 2017

The Reserve Bank of New Zealand lifted the official cash rate by 25 basis points to 2.75% on 2 September – its second increase in two months.

Why people are one of India’s biggest exports

In June, the World of Statistics tweeted that “India leads the world as the top remittance recipient country and is the only country in human history to ever exceed $100 billion in annual remittances”.

The Big Short hits Aussie housing

Australia’s property market is facing its biggest price correction in more than 40 years, with values down by 7.1% across the five major markets since early April, according to Cotality.

Aussie unemployment climbs to 5-year high

The Australian Bureau of Statistics (ABS) released the September labour force survey, and it was a shocker.

RBA fears “persistently elevated inflation”

The Reserve Bank of Australia’s (RBA) latest board monetary policy meeting minutes, released publicly on Tuesday, largely dashed hopes that interest rates might begin to fall early next year.

Louis Christopher: Sydney house price falls will accelerate

Hotels Association demands endless visa slaves

The Australian labour market is characterised by an exploitable class of temporary migrants, a situation that is generally thought to be undesirable.

Jess Wilson needs to summon Jeff Kennett

A new Redbridge/Accent Research poll suggests the Victorian Coalition is increasingly well placed to win government at the November election, with support consolidating around Liberal leader Jess Wilson and Labor still struggling to recover from years of voter dissatisfaction.

Stale property listings pile up across Brisbane

Brisbane is now in the midst of a deep house price correction.

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