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
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...
Thousands of jobs for West Australians with PM’s new plan
Today Prime Minister Scott Morrison will unveil his WA plan to generate multiple infrastructure projects which will create thousands...
Australia Paving the way to economic recovery
Australia is paving the way for the world out of the COVID-19 induced recession, however the Organisation for Economic...
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...
Double-Digit Price Growth for Melbourne and Sydney
An analyst has foreseen that Melbourne and Sydney are looking at facing a double-digit residential price growth as early...
Perth | luxury housing market among world’s best
Perth has been ranked among the top 23 cities in the world for luxury property market growth in Knight...
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...
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...
Demolition completed
In an important step for The Residence development, demolition on the Scarborough site has officially been completed. In keeping...
Expansion of Perth ferries services to increase city connection
One of Perth’s defining assets is the stunning Swan River, dividing the city into North and South. As the...
