Below is CBA economist Lucinda Jerogin’s round-up of this week’s economic data: Key points: Australia’s seasonally adjusted unemployment rate rose to 4.7% in September on the back of a 39.4k decline in employment and the participation rate easing from 67.0% to 66.8%.

By Steve Saunders The Court’s decision on the Mt Pleasant NSW coal-mine extension will only amplify Labor-Green determination to plug ahead with net-zero, punishing Australians for climate guilt.

International Reading: Suddenly, Wall Street is worried that the U.S.

Thursday’s labour force shocker from the Australian Bureau of Statistics (ABS), which saw the nation’s unemployment rate rise to a five-year high of 4.7% (4.6% in trend terms), has tempered the financial market’s expectations for another interest rate hike.

Honestly, if you have the dough, you could successfully argue the moon is made of poop in the Aussie political economy.

The Reserve Bank of New Zealand lifted the official cash rate by 25 basis points to 2.75% on 2 September – its second increase in two months.

As is often the case, the cyclical downturn hits jobless youth hardest.

In June, the World of Statistics tweeted that “India leads the world as the top remittance recipient country and is the only country in human history to ever exceed $100 billion in annual remittances”.

DXY copped it last night.

War headlines today.

Australia’s property market is facing its biggest price correction in more than 40 years, with values down by 7.1% across the five major markets since early April, according to Cotality.

The Australian Bureau of Statistics (ABS) released the September labour force survey, and it was a shocker.

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, is joined by Cameron Murray of Fresh Economic Thinking to challenge one of the biggest assumptions about Australia’s ageing population — that more retirees inevitably mean fewer workers supporting more dependants.

The Reserve Bank of Australia’s (RBA) latest board monetary policy meeting minutes, released publicly on Tuesday, largely dashed hopes that interest rates might begin to fall early next year.

Iron ore futures are grinding relentlessly lower.

DXY has the bid.

War headlines today.

The Australian labour market is characterised by an exploitable class of temporary migrants, a situation that is generally thought to be undesirable.

A new Redbridge/Accent Research poll suggests the Victorian Coalition is increasingly well placed to win government at the November election, with support consolidating around Liberal leader Jess Wilson and Labor still struggling to recover from years of voter dissatisfaction.

The great gas schmozzle continues.