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
“Royal Hotel” Perth landmark restored
A piece of Perth’s history was finally unveiled last Friday with the grand re-opening of the restored “Royal Hotel”...
WA HOT PROPERTY BOOM TO LAST YEARS
Experts are signalling WA property prices are tipped to continue rising for several years, with the sector sitting in...
APPLYING FOR FINANCE: 6 TIPS TO HELP GET APPROVED
With the generous government grants available, there has never been a better time to buy a home, here are...
COMMONWEALTH BANK FORECASTS HOUSE PRICE BOOM
The housing market is said to be “on the cusp of a boom” with record low mortgage rates now...
Stage two of development!
We are thrilled to announce One54 Tuart Hill has moved into the second stage of development, after the concrete...
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...
Consumer confidence increasing for the third week straight.
Consumer confidence has gained for the third-straight week in a row supported by a flattening of the coronavirus cases...
International Women’s Day
Yesterday we celebrated International Women’s Day. Griffin Projects Group is #proud to have a strong team of women driving...
Adelaide property market still climbing despite COVID-19
Adelaide is one of three cities across the country where property values are continuing to climb despite the nationwide...
WA BUDGET 2020: TREASURER BOASTS STRONGEST ECONOMY IN THE NATION
Treasurer Ben Wyatt recently announced WA represents a stronger economy than anywhere in the nation and perhaps the world...