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
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...
Investors swoop on Perth property market
Investors are flocking in to Perth to take advantage of the weakened property market as low interest rates and...
November News Highlights
Job growth in WA Western Australian businesses are in job-creating mode – rippling direct benefits onto all sectors of...
Clearing the way for Reside on Money
It has been an action packed week on Money Street, with an excavator on site demolishing the old house...
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...
PROPERTY MARKET THRIVES DESPITE THE IMPACTS OF COVID-19
New land sales are at a record high according to recently released figures from UDIA WA, following the announcement...
Happy Chinese New Year
In Chinese culture, rats are seen as a sign of wealth, they are considered successful animals that are clever and...
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...
Perth’s resilient property market
The residential property market is showing more resilience to the pandemic induced instabilities than initially predicted primarily due to...
WA land sales hit highest mark since 2009 boom
Land sales have hit their highest point since the mining construction boom in 2009 according to recent data collected...
