The economic news continues to be grim but there is an encouraging political consensus developing on what policies will be needed to carry Australia through this pandemic crisis.
The bottom line is that even after the end of lockdowns in all states there were still about 660,000 fewer people employed than in February and total hours worked were still about 7 per cent lower.Treasurer Josh Frydenberg said this week the effective unemployment rate is more than 13 per cent.not just in Victoria and NSW but across Australia.
The government has announced previously stimulus measures for home building and the arts and on Thursday afor training and apprenticeships. But Mr Frydenberg has promised to announce a much more significant “second phase of income support” in an economic statement on July 23.
The more people want “stimulus”, the less encouraging it is.
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Source: newscomauHQ - 🏆 9. / 77 Read more »
Records - good and bad - broken by jobs report that shows huge battles aheadAnalysis: Scott Morrison has characterised the jobs market as an ongoing war, with Australia 'fighting back'. The figures suggest these are only the early skirmishes of that war | swrighteconomy swrighteconomy he thinks his app works Why on would we blieve a thing he says no one in the media correct him re the app swrighteconomy He’s an idiot swrighteconomy StuntMo
Source: smh - 🏆 6. / 80 Read more »
Australia's unemployment rate rises to 7.4 per cent, with nearly 70,000 jobs lost in JuneAustralia's unemployment rate jumped to a seasonally-adjusted 7.4 per cent in June, with 69,300 jobs lost during the month. People have no extra money, they spend less buisness making less, extra staff are not needed.....
Source: SBSNews - 🏆 3. / 89 Read more »
Government unveils $1 billion JobTrainer plan to skill post-coronavirus Australia for high-demand jobsThe federal government has unveiled its new JobTrainer scheme, aimed at encouraging school leavers and people looking for work to take up courses in areas like healthcare, transport, manufacturing and retail. Courses held by private colleges no doubt. Retail? Doesn’t the government realise it’s all online these days? Job Seeker, Job Keeper, Job Maker, Job Maker- sounds like a marketing ploy.
Source: SBSNews - 🏆 3. / 89 Read more »
University of NSW to cut almost 500 jobs in a move described as 'devastating'The University of NSW tells staff it is seeking 493 voluntary redundancies by the end of the month, with unions blaming the Government for its failure to extend JobKeeper to the university sector. Its all Bach of Arts sorts of staff folks, dont be alarmed, its nothing society needs anyway. am fairly sure their super & redundancy entitlements will ensure their sustainability - unlike a huge number of other Australians Ahhh, the good old library lawn.
Source: abcnews - 🏆 5. / 83 Read more »
Department of Foreign Affairs and Trade to slash dozens of jobsExclusive: The Department of Foreign Affairs and Trade will slash 60 jobs across Canberra and overseas postings as concern grows about Australia's flailing diplomatic footprint in the Indo-Pacific region | Gallo_Ways Gallo_Ways If a countries diplomatic 'footprint' is flailing who is to blame?Libfail And people are losing their jobs in a pandemic now because of the flailing of the Liberal government. Gallo_Ways No collaboration. Would co-operation would be UNTHINKABLE!
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