Labor Crashes To A 5545 Deficit In Resolve Despite Interest Rate Cut

(MENAFN- The Conversation) A national Resolve poll for Nine newspapers, conducted February 18–23 from a sample of 1,506, gave the Coalition a 55–45 lead by headline respondent preferences, a three-point gain for the Coalition since January. By 2022 election preference flows, the Coalition led by 52–48, a one-point gain for them.

Primary votes were 39% Coalition (up one), 25% Labor (down two), 13% Greens (steady), 9% One Nation (up two), 9% independents (down one) and 4% others (down two). Labor's primary vote is their lowest in any poll this term.

Anthony Albanese's net approval was steady at -22, with 56% giving him a poor rating and just 34% a good one. Peter Dutton's net approval was down one to +5. Dutton led Albanese by 39–35 as preferred PM (39–34 in January).

By 37–26, voters thought the Coalition was the best choice for them and their household over Labor. By 34–18, they thought Dutton better able to deal with Donald Trump than Albanese. By 43–22, they thought Albanese weaker than Dutton.

The Liberals led Labor by 41–24 on economic management (42–23 in January). The Liberals led on keeping the cost of living low by 37–25, down a little from 37–22 in January.

In both the Resolve and Freshwater polls that were taken after the Reserve Bank cut interest rates, the Coalition has increased its lead. Here is the graph that shows the dramatic widening in the Resolve poll in the Coalition's favour.

Labor Two Party Preferred Vote in polls.

Dutton's ratings have been much better than Albanese's in Resolve, and this is now flowing through to voting intentions. To put Labor back on track, Albanese needs to improve his ratings and Dutton's need to fall. In this respect, the Freshwater poll below was much better for Labor.

Resolve's respondent preference flows are probably a pro-Coalition outlier, but the general trend in the polls has been bleak for Labor.

Freshwater poll: Coalition leads by 52–48

A national Freshwater poll , conducted February 20–23 from a sample of 1,038, gave the Coalition a 52–48 lead by respondent preferences, a one-point gain for the Coalition since January. Primary votes were 41% Coalition (up one), 31% Labor (down one), 13% Greens (steady) and 15% for all Others.

Albanese's net approval improved seven points to -11, while Dutton's dropped four points to -8. Albanese led Dutton as preferred PM by 45–43 (a 43–43 tie in January).

On issues, 70% rated cost of living a top three issue, followed by 39% for housing, 27% for both crime and economic management, 26% for health and just 17% for the environment. The Coalition held double-digit leads over Labor on cost of living, crime and economic management.

Essential poll: Labor gains for a tie

A national Essential poll , conducted February 12–16 from a sample of 1,146, had a 48–48 tie by respondent preferences including undecided (49–47 to the Coalition in early February). The Coalition had led in the last four Essential polls by one to two points.

Primary votes were 35% Coalition (down one), 30% Labor (steady), 12% Greens (steady), 9% One Nation (up one), 1% UAP (steady), 9% for all Others (steady) and 4% undecided (steady). By 2022 preference flows, Labor would lead by about 51–49, a 0.5-point gain for Labor.

Albanese's net approval dropped five points to -5 since January, with 48% disapproving and 43% approving, but the January poll had an 11-point jump in his net approval from December. Dutton's net approval was down three points to -4, his worst net approval in Essential since February 2024.

Asked about the direction of the country, wrong track led by 51–31, a blowout from 46–38 in January. Wrong track led by the same 51–31 margin in December, and it has consistently had sizeable leads since June 2023.

On taxes and government services , 26% thought they should be reduced, 11% increased and 63% maintained. By 40–31, respondents opposed the Coalition's plan to reduce the number of public service workers.

Asked whether they were aware of various Labor achievements, 77% were aware of the $300 energy bill rebate for all households, 66% were aware of TAFE and HECS debt cuts and 61% were aware of increased renewable energy targets. However, only 46% were aware of consecutive budget surpluses.

Morgan poll and Palmer's new party

A national Morgan poll , conducted February 10–16 from a sample of 1,666, gave the Coalition a 51.5–48.5 lead by headline respondent preferences, unchanged from the February 3–9 poll.

Primary votes were 39.5% Coalition (down one), 28% Labor (down one), 12.5% Greens (up 1.5), 5.5% One Nation (up 1.5), 10% independents (up 0.5) and 4.5% others (down 1.5). By 2022 election flows, the Coalition led by 51–49, a 0.5-point gain for Labor.

Clive Palmer had voluntarily deregistered the United Australia Party after the 2022 election. The High Court denied his attempt to re-register this party. He has now taken over the existing party“Trumpet of Patriots”.

Queensland federal and state DemosAU poll

A DemosAU poll of Queensland that asked for federal voting intentions, conducted February 10–14 from a sample of 1,004, gave the Liberal National Party a 53–47 lead, representing a 1% swing to Labor since the 2022 federal election result in Queensland.

Primary votes were 39% LNP, 31% Labor, 12% Greens, 10% One Nation and 8% for all Others. DemosAU is using the One Nation preference flow at the 2024 Queensland state election for its federal polls; this was better for the LNP than at the 2022 federal election.

State voting intentions were 54–46 to the LNP, unchanged since the 2024 election. Primary votes were 40% LNP, 30% Labor, 12% Greens, 10% One Nation and 8% for all Others.

Economic data: wage growth and jobs

The Australian Bureau of Statistics reported that in the December 2024 quarter , wages grew 0.7%, down from 0.9% in the September quarter. This was the slowest quarterly wage growth since March 2022. For the year to December, wages grew 3.2%, down from 4.1% in the year to June 2024.

In the December quarter, inflation was up 0.2% and up 2.4% for the year to December. So wage growth exceeded inflation by 0.5% in the December quarter and 0.8% for the year, but it had exceeded inflation by 0.7% in the September quarter.

The ABS said 44,000 jobs were added in January, but the unemployment rate rose 0.1% from December to 4.1% owing to a 0.2% increase in the participation rate. The employment population ratio (the percentage of eligible Australians that are employed) rose 0.1% to 65.6%, a record high.

German election

I am covering Sunday's German federal election for The Poll Bludger . The election was held seven months early owing to a breakdown in the governing coalition of centre-left SPD, Greens and pro-business FDP.

Exit polls and pre-election polls have the conservative CDU/CSU leading, with the far-right AfD in second place and the SPD lagging in third. The final outcome should be known by this afternoon AEDT.

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