Peter Martin Google+

Peter Martin

Peter Martin is the Economics Editor for The Age.

Adult men the big winners as jobless rate falls below 5%

Peter Martin ECONOMICS CORRESPONDENT AUSTRALIA'S unemployment rate has a ''4'' in front of it for the first time since the economic crisis took hold.

Job vacancies soar as mining digs into unemployment figures

Peter Martin UNEMPLOYMENT is losing its sting. The latest job vacancy survey shows more jobs on offer than ever before.

Economy could face $13 billion hit


Peter Martin RBA board member Warwick McKibbin fears the floods could shave up to 1 percentage point off GDP growth, the largest estimate yet for the potential damage.

Gillard unmoved by online tax push


Ben Butler and Peter Martin THE Prime Minister, Julia Gillard, has all but killed big retail's campaign to impose GST on online purchases from overseas.

Fraud is a cinch - just ask your bank

Online fraud

Peter Martin WANT to access someone else's financial transaction records? Their bank might be the best place to start.

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PM doesn't buy push to expand online GST

Ben Butler and Peter Martin Julia Gillard has all but killed the retailers' campaign to impose GST on online purchases from overseas.

A Christmas turkey, with retailers fighting for the wishbone


Peter Martin NO WONDER shopkeepers can't figure us out. The latest consumer confidence survey shows we are going into Christmas more convinced than in years that ''now is the right time to buy a major household...

Bank super profits tax more popular than one on miners

Banks, Westpac, CBA, ANZ, NAB

Peter Martin ECONOMICS CORRESPONDENT AN OVERWHELMING majority of people believe there is a case for banks to be subject to a super profits tax of the kind to be applied to mining companies.

Fraser pledges to apply pressure over portability

Peter Martin THE man who will determine how easy it will be to switch from the big banks has signalled he will be formidable in getting answers from the big four, saying he knows how to ''cut through the...

Review to consider allowing portable account numbers


Peter Martin and Eric Johnston BANK account numbers may be made portable between banks after an inquiry by a former Reserve Bank chief.

Swan has no 'silver bullet' for banking reform

The Big Four

Peter Martin and Eric Johnston An inquiry to be headed by former Reserve Bank chief Bernie Fraser heads a package of measures aimed at taking on the big four banks, already derided by one of their competitors as ''not a silver...

NSW sets the pace in jobs growth

Peter Martin ECONOMICS CORRESPONDENT NSW is the engine of employment growth, producing jobs at a far greater rate than any other state or territory and at twice the rate of Western Australia.

Peter Martin

Finding an easier way to cross the road

PETER MARTIN Wayne Swan botched his first attempt to take on the banks and then propped them up and allowed them to swallow competitors during the financial crisis.

Cash rate expected to stay settled for months

Peter Martin THE Reserve Bank has ended its year gently, leaving interest rates on hold and signalling they are likely to stay that way for some time.

Treasurer bashes bank profiteers

Wayne Swan

Peter Martin AUSTRALIA'S big four banks will face government-backed competition and much greater scrutiny as part of measures aimed at weakening their market position to be unveiled on Wednesday.

Retail figures point to bleak Christmas

Inflation, retail, sale, economy, shop, shopping

Peter Martin ECONOMICS CORRESPONDENT RETAILERS are bracing themselves for a blue Christmas after a shocking set of figures showing consumers were winding back spending even before this month's interest rate rises.

Australian economy slides back into the pack


Peter Martin AUSTRALIA has lost its mantle as a world-beating economy after a sharp drop in economic growth returned us to the middle of the international pack, cast doubt on the Reserve Bank's decision to lift...

It looks like a positive quarter for GDP after all

Peter Martin AUSTRALIA is set to be spared a quarter of economic contraction in the national accounts to be published this morning.

RBA calls big four's bluff on rate rises

Clancy Yeates and Peter Martin THE Reserve Bank has dismissed claims by the big four banks that their costs are climbing faster than the cash rate.

Mining keeps money rolling in, but slowdown expected

Peter Martin THE Reserve Bank governor, Glenn Stevens, has hailed the strength of the economy before new figures are published tomorrow that are expected to show that growth has stalled.