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
New Brand revealed for LOFT HAUS project
We are very excited to officially launch the branding for our upcoming Loft Haus development situated in Leederville, one...
Scarborough’s facelift reaps property benefits
Scarborough's facelift reaps property benefits West Australians are rediscovering Scarborough after the $100 million redevelopment has injected new...
WHY ITS TIME FOR OUR CITY TO GROW IN NOT OUT
It is no secret that Perth has taken its time to adopt apartment living as a viable alternative to...
Australia ranked #1 for purchasing power
Australia officially has the highest minimum wage according to the latest OECD real minimum wage rankings, the first time...
WA’S HARD BORDER HAS KEPT THE NATION GOING
WA was the only economy to see any growth for the last financial year with a 1.1% rise meaning...
$2.4 billion set for infrastructure projects
The State Government is fast tracking tenders for $2.4 billion to kickstart multiple transport infrastructure projects guaranteeing small and...
Perth rental and sales activity on the rise
Stupendous news for Perth as data derived from reiwa.com revealed leasing transactions rose by 16% as well as sales transactions...
WA’s resources sector key driver in Australia’s economy
It is good news for Australia’s economy with the mining sector set to re-establish itself as a key driver...
PROPERTY PRICES SET TO RISE IN 2021
The Australian residential real estate market should begin to rise in the second half of next year following a...
Critical minerals put WA on the map
A previous post covered the USA’s interest in WA’s critical minerals. https://griffin-group.com.au/news/potential-usa-trade-deal-to-create-6000-jobs/ Another recent article in The West touches...
