Queen Elizabeth laid to rest in St George’s Chapel at Windsor Castle

Original article by Jack Hawke
abc.net.au – Page: Online : 20-Sep-22

Members of the royal family have attend a private burial service for Elizabeth II at Windsor Castle. The Queen has been laid to rest in the Royal Vault in the King George VI Memorial Chapel alongside Prince Philip and her parents, King George VI and the Queen Mother. The private service followed the state funeral at Westminster Abbey, which was attended by more than 2,000 people, including world leaders, ambassadors, royalty and members of the public. Thousands of people had earlier lined the streets of London to watch the funeral procession as the Queen’s coffin was taken on a gun carriage from Westminster Hall to the Abbey. After the funeral the Queen’s coffin was taken to Wellington Arch, where it was placed inside the State Hearse and began its final journey to Windsor Castle. The royal family will now enter seven days of mourning, although the public mourning period has ended.

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Queen’s state funeral to be followed by Windsor service and burial next to Philip

Original article by Caroline Davies
The Guardian – Page: Online : 16-Sep-22

Buckingham Palace has revealed that Queen Elizabeth II will be buried next to Prince Philip in the King George VI Memorial Chapel at Windsor during a private service attended by her family at 7.30pm on Monday evening. It will be preceded by her official state funeral at Westminster Abbey, which will be attended by over 2,000 official guests. After the state funeral, her coffin will be taken by gun carriage to Wellington Arch, where it will be transferred to the state hearse. It will then travel to Windsor for a committal service at St George’s Chapel, which will be attended by 800 people. The private internment service will be held later that evening.

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Aussie unemployment is set to soar in 2023

Original article by Leith van Onselen
MacroBusiness – Page: Online : 24-Aug-22

The fall in Australia’s official unemployment rate to 3.4% has capped off a tremendous post-pandemic rebound that has delivered the best labour market in generations. The result also signalled that the boom is nearing an end, with total jobs and hours worked falling sharply in July; the unemployment rate only fell due to a decline in the participation rate. The collapse in immigration during the pandemic is the primary reason why Australia’s unemployment rate has fallen to a 48-year low. However, it has been widely reported that the Albanese Government will use the upcoming Jobs & Skills Summit as a trojan horse to increase Australia’s permanent migrant intake to its highest ever level. Accordingly, Australia next year faces its biggest ever intake of net overseas migration, easily eclipsing the all-time high 316,000 recorded in 2008 during the Rudd Government’s reign. Meanwhile, the unemployment rate is a lagging economic indicator that will not have captured the RBA’s aggressive rate hikes over the past four months. Never has the RBA commenced a rate tightening cycle with consumer confidence in such a poor state. Outside of the pandemic, consumer confidence is tracking around its lowest level since the early 1990s recession. Ramping-up immigration at the same time as the economy grinds to a halt from aggressive rate hikes is bad news for Australian workers. They will soon find it more difficult to score and job and negotiate higher wages.

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RESERVE BANK OF AUSTRALIA

The Hidden Unemployed must not be ignored at the Jobs & Skills Summit

Original article by Michele Levine
Market Research Update – Page: Online : 24-Aug-22

The latest Roy Morgan unemployment figures for July show that there are 1.25 million Australians out of work and looking for a job (8.5% of the workforce), and another 1.27 million who want to work more hours (8.6% of the workforce). However, the ABS unemployment figures say that only 3.4% of the workforce is unemployed (474,000). The key reason for the difference of over 770,000 people is the way being unemployed is defined. Roy Morgan asks a person who is not in paid employment if they are looking for paid work. If the answer is yes, Roy Morgan considers that person to be unemployed. The ABS classifies a person as unemployed only if, when surveyed, they have been actively looking for work in the four weeks up to the end of the reference week and if they were available for work in the reference week. That means anyone out of work for three weeks is never counted. The ABS also publishes an annual survey on ‘Potential workers’ which much more accurately captures the true level of unemployment in Australia. In late May 2022 the ABS released the latest version of this survey for the month of February. It showed that there were 1.8 million ‘Potential workers’ in Australia and another 900,000 under-employed workers – over 2.7 million Australians either wanting to work or wanting to work more hours. The remarkable aspect of this release is that the figures are so similar to those from Roy Morgan. These extra potential workers should not be forgotten in the deliberations at the federal government’s Jobs & Skills Summit.

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ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

ANZ-Roy Morgan Consumer Confidence up by 1.4pts to 85.6 – highest since early June 2022

Original article by Roy Morgan
Market Research Update – Page: Online : 24-Aug-22

ANZ-Roy Morgan Consumer Confidence rose 1.4pts to 85.6 in the week ended 17 August. It is now 16pts below the same week a year ago (101.6). In addition, Consumer Confidence is now 5.9pts below the 2022 weekly average of 91.5, but it is now at its highest since early June 2022. On a State-based level Consumer Confidence increased in New South Wales, Victoria, Queensland and South Australia; there was a slight decline in Western Australia, but Consumer Confidence in that State remains higher than any other State. Now 24% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 42% (up 1ppt) say their families are ‘worse off’ financially. In addition, 32% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 30% (down 1ppt) expect to be ‘worse off’ financially. Only 9% (up 3ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 34% (down 3ppts) expect ‘bad times’. Meanwhile, just 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items (the lowest figure for this indicator since the early stages of the pandemic in April 2020), while 46% (down 3ppts) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Speaker rejects Greens push to refer Morrison to privileges committee

Original article by Sarah Martin, Paul Karp
The Guardian Australia – Page: Online : 24-Aug-22

Solicitor-General Stephen Donaghue has advised the federal government that former prime minister Scott Morrison did not break the law in secretly appointing himself to five ministerial portfolios. However, his report concluded that Morrison had "fundamentally undermined" the principles of responsible government. Prime Minister Anthony Albanese has flagged an inquiry into Morrison’s actions. Meanwhile, the Greens’ bid to have Morrison referred to parliament’s privileges committee has been rejected by the House of Representatives’ Speaker Milton Dick; he said there was not enough evidence to suggest that Morrison had deliberately misled parliament.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS

Call to end MUA ports chokehold

Original article by Patrick Commins
The Australian – Page: 1 & 4 : 17-Aug-22

Australian Chamber of ­Commerce & Industry CEO Andrew McKellar will use a National Press Club speech on Wednesday to call for productivity improvements at the nation’s ports. He will argue that Australia’s ports are among the least efficient in the world, and that action must be taken to address the Maritime Union of Australia’s "chokehold". McKellar will also argue that industrial relations reform must be high on the agenda for the upcoming jobs and skills summit, as well as an increase in the permanent migrant intake.

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AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, NATIONAL PRESS CLUB (AUSTRALIA), MARITIME UNION OF AUSTRALIA

McGowan flags end to WA’s state of emergency COVID laws

Original article by Peter Martin
The West Australian – Page: Online : 17-Aug-22

The Western Australian government declared a state of emergency in March 2020 in response to the COVID-19 pandemic. Premier Mark McGowan says the government may follow its interstate counterparts and enforce its remaining Covid rules such as mask mandates via legislation rather than its emergency powers. National Party MP Shane Love says it is time for McGowan to admit that the state of emergency is over and surrender these powers. WA reported 2,145 new infections and one death on Tuesday, and the number of active cases statewide has fallen to the lowest level since March. There were 7,145 new case and 24 deaths in NSW, and 4,858 new infections and 20 deaths in Victoria.

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WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, NATIONAL PARTY OF AUSTRALIA

ANZ-Roy Morgan Consumer Confidence rebounds, up by 3.9pts to 84.2 – biggest weekly increase this year

Original article by Roy Morgan
Market Research Update – Page: Online : 17-Aug-22

ANZ-Roy Morgan Consumer Confidence rose 3.9pts to 84.2 in the week ended 10 August. It is now 16.9pts below the same week a year ago (101.1). In addition, Consumer Confidence is now 7.5pts below the 2022 weekly average of 91.7, but it is now at its highest since late June 2022. On a State-based level Consumer Confidence was up in the two largest States of NSW and Victoria, as well as WA, but down in Queensland and SA. Now 25% (up 3ppts) of Australians say their families are ‘better off’ financially than this time last year, while 41% (down 2ppts) say their families are ‘worse off’ financially. In addition, 32% (up 3ppt) of Australians expect their family to be ‘better off’ financially this time next year, and 31% (down 4ppts) expect to be ‘worse off’ financially. Only 6% (unchanged) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 37% (down 8ppts) expect ‘bad times’. Meanwhile, just 23% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 49% (up 1ppt) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Jobs summit to focus on employment for people with disability

Original article by Stephen Lunn
The Australian – Page: Online : 17-Aug-22

Social Services Minister Amanda Rishworth says action is needed to get more people with a disability into the workforce. She argues that such people make significant contributions to the workplace, and hiring them should not be seen as an optional or charitable act. Rishworth will host a disability employment roundtable in Canberra on Monday, ahead of the jobs and skills summit. Data from the Australian Bureau of Statistics shows that more than more than 220,000 people of working age with a disability are not currently in the labour force but want to work and are looking for a job.

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AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIAN BUREAU OF STATISTICS