AusPol / 17 May 2024
More fuel for the economic debate
While it’s been all about the Budget this week, one figure popped yesterday, taking a few economists by surprise. Unemployment ticked up to 4.1% in April – that’s notable because the markets thought it would stay steady at 3.9%. The increase is due to more people looking for work despite heaps of new jobs being created last month (38,500). Welfare advocacy group ACOSS reckons it’s more proof of how tough things are as it slammed the Albanese Government’s $300 energy rebate for leaving some jobseekers worse off. Also adding to the debate is Coalition leader Peter Dutton… In his Budget reply last night, Dutton pledged to cut migration by a quarter and ban foreign investors from buying Aussie homes to free up housing if elected. He also reaffirmed his commitment to nuclear power and said a Coalition Government would tackle knife crime and toughen laws around domestic violence.
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