Trade surplus hits record $16 billion
Payroll jobs rose have risen, while booming coal and natural gas exports drove an increase in the trade surplus in May.
Payroll jobs rose have risen, while booming coal and natural gas exports drove an increase in the trade surplus in May.
Ahead of the release of payroll figures and the latest data on Australia's trade surplus, job advertisements are showing potential signs of decline.
Every Victorian state MP will receive a 2.75 per cent pay rise from July after a decision by an independent tribunal.
Despite business concern over a rise in the minimum wage in Australia, Prime Minister Anthony Albanese says the move was the correct one.
The Fair Work Commission has recommended a 5.2 per cent pay rise for Australia's low-paid workers, equating to an extra $40 a week.
The minimum wage should be set at a rate which ensures low-paid workers' incomes do not go backwards, the government has argued to the Fair Work Commission.
The Australian Bureau of Statistics said its wage price index rose by an annual rate of 2.4 per cent, less than half the rate of inflation.
Anthony Albanese has used a Labour Day march to spruik his plan for stronger wages under Labor to thousands of unionists in Brisbane.