Author: roymorgansocial

In December Australian unemployment increased to 9.7% as overall employment dropped by 150,000

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Original article by Roy Morgan
Market Research Update – Page: Online : 15-Jan-25

In December 2024, Australian ‘real’ unemployment increased by 180,000 to 1,542,000 (up 1.1% to 9.7% of the workforce), with many fewer people in part-time employment following the Black Friday sales period in November. In addition to the unemployed, a further 1.68 million Australians (10.6% of the workforce) were under-employed, i.e. working part-time but looking for more work (up 132,000 from November to a new record high). In total, 3.22 million Australians (20.3% of the workforce) were either unemployed or under-employed in December; this is the highest combined figure since August 2020. Meanwhile, Australian employment fell by 154,000 to 14,276,000; this decrease was driven by a fall in part-time employment (down 210,000 to 4,953,000 following the Black Friday sales period), while full-time employment increased by 56,000 to 9,323,000. The total workforce in December was 15,818,000 (up 26,000 from November, and up 866,000 from two years ago). Roy Morgan’s unemployment figure of 9.7% is clearly more than double the ABS estimate of 3.9% for November, but it is approaching the combined ABS unemployment and under-employment figure of 10.3%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

‘National day January 26 by law’: Dutton

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Original article by Brendan Kearns
The Australian – Page: 3 : 15-Jan-25

Some 81 local councils shifted the date of their citizenship ceremonies in 2024 via federal government’s laws that allow them to be held within three days on either side of 26 January. Opposition leader Peter Dutton has indicated that he would be open to formally legislating 26 January as the national holiday if the Coalition wins the upcoming election. Dutton has also urged Prime Minister Anthony Albanese to "stand up to mayors" whose local councils refuse to hold citizenship ceremonies on Australia Day. There is growing support for Dutton’s stance on Australia Day amongst many mayors, including some in federal seats that are held by Labor or independents.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

Miner hails end to years of bitter lawfare

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Original article by Brad Thompson
The Australian – Page: 6 : 15-Jan-25

The Oakey Coal Action Alliance has withdrawn its appeal against the Queensland government’s 2022 decision to grant a water licence for an expansion of the New Acland coal mine. The decision to end the long-running legal challenge to the Stage 3 expansion of New Acland has been welcomed by New Hope Corporation’s chairman Robert Millner, after the company’s 14-year battle to get the project approved. He stresses that red and ‘green’ tape hurdes in the mining sector are not restricted to the fossil fuel industry, but can also affect projects such copper or cobalt mines.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC, OAKEY COAL ACTION ALLIANCE

‘Democracy is at stake’: SOS from PM’s envoy

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Original article by Alexi Demetriadi, Bianca Farmakis
The Australian – Page: 1 & 5 : 15-Jan-25

Australia’s inaugural envoy on anti-Semitism, Jillian Segal, has urged Prime Minister Anthony Albanese to convene a meeting of national cabinet to address the issue. Segal has called for harsher sentences and more prosecutions for hate crimes directed at Jewish Australians, arguing that the judiciary’s soft approach to sentencing is giving anti-Semites "effective impunity". Segal adds that politicians at federal and state level must take legislative action if current laws are not "up to the task". Segal notes that the recent attacks on the Jewish community are part of a "systematic pattern of intimidation" that began when no action was taken against people who targeted Jews at the Sydney Opera House on 9 October 2023.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Biden lauds AUKUS as key achievement

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Original article by Joe Kelly
The Australian – Page: 2 : 15-Jan-25

US President Joe Biden has praised his administration’s management of foreign policy in a State Department speech. Biden stated that the US is in a better strategic position regarding long-term competition with China than when he took office in 2021. Biden also said over the last four years the US has created new partnerships in the Indo-Pacific region in order to challenge China’s "aggressive behaviour". He praised the AUKUS alliance with Australia and the UK, and noted that the majority of NATO member nations have increased their defence spending during his administration.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, NORTH ATLANTIC TREATY ORGANISATION

Middle-income Australians experiencing rental stress with a third of pay spent on housing, report shows

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Original article by Cait Kelly
The Guardian Australia – Page: Online : 15-Jan-25

Data from Corelogic shows that housing rents increased by just 4.8 per cent nationally in calendar 2024, compared with 8.3 per cent in the previous 12 months. However, CoreLogic economist Kaytlin Ezzy says that households on the median income were still spending 33 per cent of their pre-tax income on rent charges in September 2024. CoreLogic’s figures also show that rents have increased by 36.1 per cent nationally since the start of the pandemic. Maiy Azize from the Everybody’s Home campaign has called for rent increases to be capped and more government investment in public housing.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, EVERYBODY’S HOME

Risk of mortgage stress up in November after Reserve Bank decides not to cut interest rates

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Original article by Roy Morgan
Market Research Update – Page: Online : 15-Jan-25

New research from Roy Morgan shows that 1,514,000 mortgage holders (26.8%) were ‘At Risk’ of ‘mortgage stress’ in November 2024. This represents a small increase on October but is 3.5% lower than the June figures prior to the Stage 3 tax cuts. Modelling by Roy Morgan shows that the number of mortgages ‘At Risk’ will fall by 26,000 in February 2025 to 11,488,000 (26.3% of mortgage holders) if the Reserve Bank drops interest rates to 4.10% at its first board meeting for the year. The number of Australians ‘At Risk’ of mortgage stress has increased by 707,000 since May 2022 when the RBA began a cycle of interest rate increases. Meanwhile, the number of mortgage holders considered to be ‘Extremely At Risk’ of mortgage stress is now numbered at 931,000 (16.9% of mortgage holders), which is significantly above the long-term average over the last 10 years of 14.6%. These are the latest findings from Roy Morgan’s Single Source Survey, based on in-depth interviews conducted with more than 60,000 Australians each year, including over 10,000 owner-occupied mortgage-holders.

CORPORATES
ROY MORGAN LIMITED

Former Foxtel chief executive Tonagh to join Nine board

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Original article by Kylar Loussikian
The Australian Financial Review – Page: 13 : 15-Jan-25

Nine Entertainment’s chair Catherine West says media industry veteran Peter Tonagh will be a valuable addition to the group’s board. Tonagh was previously the deputy chairman of the ABC; he is also a former CEO of both News Corp Australia and pay-TV company Foxtel. Nine is also believed to have recruited another former Foxtel executive, Amanda Laing; she is said to be set to be given oversight of Nine’s broadcast operations. Nine’s shares fell by nearly 40 per cent in 2024, although the stock has gained about four per cent so far in 2025.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD

Roy Morgan Poll: Coalition lead over ALP narrows in mid-January: L-NP 51.5% cf. ALP 48.5%

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Original article by Roy Morgan
Market Research Update – Page: Online : 14-Jan-25

A Coalition Government, with a slim majority, would now win a Federal Election with two-party preferred vote narrowing from last week: L-NP 51.5% (down 1.5%) cf. ALP 48% (up 1.5%), the latest Roy Morgan survey finds. Primary support for the Coalition was unchanged at 40.5% and remains well ahead of the ALP on 30% (down 1%). Support for the Greens increased 0.5% to 12.5% – and their preferences shifted decisively in favour of the ALP this week after a closer than usual Greens preference split a week ago favoured the Coalition’s two-party preferred vote. Support for One Nation rebounded 1% to 4.5%, Other Parties were unchanged at 3.5% while support for Independents dropped 0.5% to 9%. On a State-based level the Coalition has retained its lead in Victoria, after the Coalition leadership change in that State, and also leads in Queensland, Western Australia and South Australia.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

High-fibre plan: Labor tips another $3b into NBN

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Original article by Ronald Mizen, Paul Smith
The Australian Financial Review – Page: 4 : 14-Jan-25

The federal government has announced that it will invest a further $3 billion in the National Broadband Network, with the funding to give an extra 622,000 premises the option of full fibre access. With an additional injection of $800 million from NBN Co to be included, Labor expects it to result in over 94 per cent of premises on the fixed-line network having access to speeds of up to 1GB per second on fibre to the premises or hybrid fibre coaxial connections. The new $3 billion in funding will increase the government’s total investment in the NBN to $35 billion.

CORPORATES
AUSTRALIAN LABOR PARTY, NBN CO LIMITED