A Reserve Bank of Australia official says the large surge in employment growth in February will not, by itself, have an impact on the interest rate outlook.
Australia has posted its strongest monthly employment growth in 13 years, confounding expectations as the unemployment rate held steady for a third straight month.
The federal government is likely to produce a budget deficit of about $20 billion this financial year on the back of declining company tax revenues, according to new analysis.
Woodside Petroleum's $40 billion Browse gas project looks less likely to go ahead despite the re-election of its biggest supporter, Premier Colin Barnett.
Federal Treasurer Wayne Swan said the government intends to keep to its promise of getting debt below $250 billion by the end of the 2012/13 financial year.
Business hiring intentions are subdued due to conflicting economic messages and uncertainty over the outcome of the upcoming federal election, a survey says.
The final make-up of the state parliament will not be known for days, as counting continues in five knife-edge seats and Premier Colin Barnett ponders the composition of his new cabinet.
Labor faces an absolute massacre in the September federal election if it doesn't respond to voter dissatisfaction with Prime Minister Julia Gillard, a former state Labor MP says.
Australian firms are unlikely to get any relief from the relentless strength of the local dollar any time soon, particularly if overseas central banks keep pursuing policies that deflate their own
Premier Colin Barnett may say tomorrow's state election will go down to the wire, but bookies don't agree, paying out early for an expected Liberal win.
Premier Colin Barnett can breathe easy now - the Community and Public Sector Union says it will hold off on potential industrial action until after the state election.
A call for Health Minister Kim Hames to be sacked over his response to a string of fatalities among patients discharged from Northam Hospital is understandable, the opposition says.
Federal Finance Minister Penny Wong has indicated the government isn't about to launch into a spending spree to garner votes for the September election.
The Liberals' election commitments will increase state debt by $1.2 billion, pushing total borrowings to $24. 8 billion in 2015/16, according to Treasury costings released today.
Maligned Treasurer Troy Buswell has moved to quell talk that he's set to succeed Premier Colin Barnett, reiterating he will never lead the Liberals again.
Victorian Premier Ted Baillieu has resigned late today at a meeting of Liberal Party MPs and has been succeeded by former parliamentary Liberal leader Dennis Napthine.
Fly-in, fly-out workers should be regarded as Australia's "modern day heroes", Premier Colin Barnett says, akin to the men who built the nation-defining Snowy Mountains irrigation scheme.
