Employment figures weaken in April: NAB

NAB’s monthly business survey – considered by the Reserve Bank to be a leading indicator of trends in the labour market – shows employment figures have fallen sharply in April.

Household financial confidence plummets to its lowest level

A combination of falling property prices, stagnant wage growth, rising cost of living and increasing levels of debt have pushed household financial confidence to its lowest level, according to Digital Finance Analytics (DFA).

Aussie bankruptcies hit 24 year low

Despite record high levels of household debt and mortgage stress in Australia, fewer Australians are filing for personal bankruptcy.

RBA holds rates steady at 1.50%

Australia’s central bank has held the cash rate at 1.50% for the 30th meeting in a row.