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
WA commercial property sector pushing through COVID-19 gloom
Between the lines, a report released by Ray White on Thursday revealed that despite the uncertainties brought on pandemic,...
AUSTRALIA HITS GOLD PRODUCTION MILESTONE
Australia’s gold production hit a record high milestone producing 328 tonnes in the first six months of this year...
Singapore leading business with US and Hong Kong decline
Rankings released recently revealed that Singapore is still seen as the best place in the world to prosper undeterred...
Dorado oil field set to boost WA’s oil and gas industry
A new oil field discovery brings great news to WA’s oil and gas industry Carnarvon Petroleum’s Dorado oil field...
WA outlook improving
Commsec’s chief economist, Craig James recently voiced his belief that a rise in retail spending, population growth and an...
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...
Price increase for Adelaide suburbs
Solid property news for Adelaide which according to API is now leading the nation for house price growth with...
COMO IN THE SPOTLIGHT
South of Perth and bordered by the iconic Swan River, Como is a well established area offering residents...
$510M Biome Project to supercharge WA’s tourism
The Biome Project is 3 large, dome structures built to showcase the unique climates and environments of Western Australia....
Australia’s household wealth hits $1m for the first time
Superannuation and rising property values have worked hand in hand to drive Australia’s average household wealth past the $1...
