Antipodean Macro

Antipodean Macro

Only Charts

ONLY CHARTS #477

Aus household debt, Aus labour market, Aus Q4 GDP growth nowcast, Aus population growth, Canada population growth

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Antipodean Macro
Dec 18, 2025
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1. Australia’s household debt-to-income ratio fell slightly in Q3.

2. Australia’s Labour Account is the best source for industry employment, but the Labour Force Survey is more timely.

Labour force data to November (light lines in chart) show ongoing stagnation in market-sector employment in Australia and softer growth in non-market sector - i.e. government-aligned - employment.

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