Employment rate rising indicating economic recovery
June 19, 2020
The first signs of an economic recovery have surfaced with the Tax Office payroll data showing approximately 124,000 jobs added in the May.
“There is some evidence to suggest that we have started on the economic road to recovery from the Coronavirus” said Treasurer Josh Frydenberg.
The Treasury has predicted that up to 850,000 people could be re-employed by next month whilst economists have forecasted May jobless rate will decline slightly.
This is a brief summary of ‘Job market crawls off floor as recovery begins’ by Matthew Cranston | AFR – The Australian Financial Review | Tuesday 16th 2020.
Read Our Other Articles
Perth Property Market | Demand exceeds Supply
Perth’s property market, despite COVID-19, is experiencing higher demand than supply with REIWA President commenting on a reducing number...
Energy efficiency and why you should go 6 stars
If you are looking for a home where you will slash your energy bills and have a future-proofed investment,...
$245 million to kickstart CBD
COVID-19 is continuing to wreak havoc across the world but the City of Perth staff have proposed a $245...
Hamilton Hill Site Works Commencement
We here at Griffin are eager to report that site works are well and truly underway on our Hamilton...
REIWA’s push for stamp duty to stay
RIEWA president Damian Collins is urging all political parties to look into options to extend the buying-off-plan 75% stamp...
Price increase for Adelaide suburbs
Solid property news for Adelaide which according to API is now leading the nation for house price growth with...
APPLYING FOR FINANCE: 6 TIPS TO HELP GET APPROVED
With the generous government grants available, there has never been a better time to buy a home, here are...
Perth’s housing market jumps into 2020 with positive growth
Perth’s housing market has kicked off positively with home values set to rise by 6% this year according to predictions...
WA NEW HOMES AND APARTMENTS ARE ON THE RISE.
WA is the only state in Australia that is expected to see a rise in the number of new...
Shanghai and Perth economic boom
Shanghai and Perth have developed immensely over the decades and former premier Colin Barnett has expressed that we can...