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 housing affordability – the best it’s been in years
Perth has one of the most affordable property markets of any capital city in Australia. A decline in housing...
DEMAND FOR WA’S NEW HOME INCENTIVE SOARS
The Western Australian $20,000 new home incentive has been so popular that even Premier Mark McGowan believes he will...
COMO IN THE SPOTLIGHT
South of Perth and bordered by the iconic Swan River, Como is a well established area offering residents...
Perth’s growing city skyline
Perth’s skyline is continuing to evolve with Elizabeth Quay set to be the home of Perth’s tallest twin skyscrapers....
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...
Griffin at Realestate.com.au Market Update event
Griffin Group’s Marketing team attended a Realestate.com.au Market Update event last week which explored the subtle but notable changes...
Survey reveals WA’s resilience
“West Australian property industry participants are the most buoyant in the country about the impact of the Federal Government’s...
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...
RBA predicts strong economic recovery for Australia
A stronger than expected economic recovery is on the cards for Australia if the nation’s successful containment of COVID-19...
Scarborough | a great place to live and play
“whether it is watching the sunset over the Indian Ocean, grabbing a bite at the many cafes or restaurants,...
