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’S PROPERTY MARKET THE PANIC BUYERS NEW TARGET
Panic buyers are at it again except forget the toilet roles, Perth’s panic buyers have sent the property market...
ECONOMISTS COUNTING ON QUARTER REBOUND TO PULL THE NATION OUT OF RECESSION.
For this upcoming quarter the markets leading economists are hoping for a rebound strong enough to lift the nation...
COVID-19 and the property market
With unpredictability around the ongoing pandemic COVID-19 and the potential onset of a recession there is some uncertainty around...
$100B WORTH OF PROJECTS SPARKS WORKFORCE FEARS
It looks like WA is on the verge of a jobs boom according to the State’s peak business group,...
Return of consumer confidence in Australia
“The return of consumer confidence, high household savings, and a decline in the number of people on JobSeeker are...
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...
Large infrastructure set to supercharge WA’s economic recovery
WA’s economic recovery from COVID-19 will be supercharged by executing a list of large construction projects that will create...
November News Highlights
Job growth in WA Western Australian businesses are in job-creating mode – rippling direct benefits onto all sectors of...
Bold 10 year vision for Perth
An exciting new vision has been unveiled this week by The City of Perth Council who endorsed the release...
OUT WITH THE OLD IN WITH THE NEW – DRAMATIC LEEDERVILLE HOTEL COMPLEX MAKEOVER
Leederville is set to say hello to a new “pub of the future” as the well-known Leederville Hotel complex...
