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
‘Walk Thru Floor Plan’ Event
Last Friday, Griffin Projects Group hosted an exclusive ‘Walk Thru Floor Plans’ event to showcase real size floor plans of our...
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...
Project Vision becomes a reality | 204 Walcott
It is an extremely rewarding experience to see the vision for a project become a reality. Our premium 204...
New home sales figures on the rise
A second consecutive month of increased new homes sales has given a big confidence boost to Australia’s property sector with...
BHP to raise Iron Ore export capacity
BHP is looking to increase its Western Australian iron ore export capacity from Port Hedland by an extra 40...
National economy saved by WA mining
WA’s decision to keep Western Australia mining rolling during the COVID-19 pandemic has saved the national economy from collapsing...
Venice Beach inspired sign set for Northbridge
Northbridge, the city’s entertainment hot spot, as part of a $1 million revamp is set to get its own...
Plan to get 1 million back to work
The majority of businesses should be up and running in less than two months by following a comprehensive set...
First gas offloaded from worlds biggest floating LNG facility
An exciting week in the world of LNG for WA as the first gas was offloaded from Shell’s Prelude...
COMO IN THE SPOTLIGHT
South of Perth and bordered by the iconic Swan River, Como is a well established area offering residents...
