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Australia’s Defence Industry Surges — But Still a Small Slice of the Economy
Fresh data from the Australian Bureau of Statistics offers a revealing look at the scale—and limits—of Australia’s domestic defence industry, just as Canberra embarks on its most ambitious military build-up in decades. The latest Australian Defence Industry Account (experimental estimates) shows a sector growing rapidly in jobs, output and strategic importance—but still modest in its…
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Australia’s defence reset: Marles stakes historic spending on a more dangerous world
A strategic pivot under pressure At a consequential address to the National Press Club of Australia, Acting Prime Minister and Defence Minister Richard Marles delivered a stark message: Australia is entering its most dangerous strategic environment since World War II—and the government is responding with the largest peacetime defence build-up in the nation’s history. The launch of the 2026…
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Labour market holds steady — but pressure is building beneath the surface
Australia’s labour market has held its ground, with the Australian Bureau of Statistics confirming the unemployment rate remained at 4.3 per cent in March — unchanged from February and still within what economists consider a “tight” range. At face value, the numbers suggest resilience. Employment rose modestly over the month, with gains concentrated in full-time roles, reinforcing the narrative…