The Adelaide CBD. Source: Unsplash
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Australians are working more than ever to make ends meet but that’s not necessarily translating into extra goods and services.
The mining sector led a two percent fall in labour productivity growth in the June quarter as highlighted in a report from a national economic body.
The Productivity Commission said the mining industry made up about one-third of the total labour productivity decline, with bad weather and maintenance weighing on the amount of iron ore that could be mined and oil and gas that could be extracted.
The slowdown in output per hours worked was felt across most of the economy, however, with 15 of 19 industries recording a fall.
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