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
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...
Property market still positive despite COVID-19
REIWA has called on the State and Federal governments to conjure up a relief package stimulus to ensure the...
Home values remain stable with anticipated quick recovery.
Data from the April Home Value Index presented by CoreLogic shows that though there has been a notable decline...
Apartment living on the rise
Apartment living is gaining popularity with more people pursuing the lock and leave lifestyle. Danielle McCarthy, a 29...
Australia retains its AAA rating
Great news for Australia as it retains its AAA sovereign credit rating alongside just nine other countries through the...
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...
“Gold standard” testing suggests COVID-19 is heading for extinction in WA
COVID-19 may be on the brink of extinction for Western Australia as “gold standard” testing measures continue to reveal...
A SAFE AS HOUSES PERTH MARKET BRINGING BACK THE INVESTORS
March has seen lending for housing investments in WA surge to a whopping $462 million continuing its five-year high...
2019 – the year that won’t be missed by the Property Market
Although some may be sad to say goodbye to 2019, WA’s property market says good riddance after a sluggish...
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...
