For those of a glass half full nature, the report was good news. But for the pessimists, bad news was just as easy to find.
Almost 370,000 people have left the labour force since February. They don't have a job and aren't looking for one . Add this group to the 992,000 without a job and the unemployment rate is clearly above 10 per cent. And then there are the 1.15 million people who worked fewer than usual hours for economic reasons in June. Thankfully, this was 400,000 down on the number reported in May but it is still a huge chunk of people who aren't getting the hours they need or want.
swrighteconomy Right now ScottMorrisonMP has the most difficult job of any Australian Prime Minister since Menzies in his first stint as PM. The threats are compounding daily; unemployment, massive trade issues, a collapsing economy, and a strategic dynamic unseen since 1938. I support the PM!
swrighteconomy Not interested in one word he says
swrighteconomy Yes time Aussies stopped being lazy and got back to lock down in offices and factories
swrighteconomy StuntMo
swrighteconomy He’s an idiot
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
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Tech billionaire Scott Farquhar lodges DA to reinstate Elaine as a single estateThree years after Atlassian's co-chief executive Scott Farquhar bought Point Piper's Elaine for $71 million, he has finally made an official bid to save it from subdivision and reinstate it as a single family estate | Domaincomau Domaincomau As the owner, why does Farquhar need permission to reverse a development approval. Surely, as the owner, his choice to not develop the property is precisely what results in it not being developed. No? I now realise I know nothing about elite real estate.😶
Source: smh - 🏆 6. / 80 Read more »
JobTrainer coming from govt with 'poor record' in sector | Sky News AustraliaThe JobTrainer package comes from a government that has a very poor record with employment, says Deputy Labor Leader Richard Marles.\n\nThe federal government announced its $2 billion JobTrainer scheme on Thursday - with the states to provide up to $500 million - to support out-of-work Australians during the pandemic period.\n\nThe program is designed to retrain an extra 340,000 laid-off workers and school leavers through short-course training programs and will subsidise the wages of a further 100,000 apprentices.\n\n“You’d forgive us for being a little skeptical about the government’s bona fides here,” Mr Marles told Sky News.\n\n“It’s a government that has cut $3 billion out of this sector since its come to office, where we have 140,000 less apprentices and trainees.\n\n'We are talking about a government who in exactly this space over the last seven years has brought on an enormous amount of damage.\n\n“So the kind of skills going forward is going to need a very different approach to the one that has been demonstrated by this government since 2013.”\n RichardMarlesMP Poor Labour. You're not going to get a look in for a very long time, so reduced to little chips like this that mean nowt. RichardMarlesMP RichardMarlesMP I blame their union mates
Source: SkyNewsAust - 🏆 7. / 78 Read more »
States compete to host 2020 AFL grand final | Sky News AustraliaAustralian states are battling against one another in a bid to host the AFL grand final. \n\nQueensland has well and truly thrown its hat in the ring, with Premier Annastacia Palaszczuk telling Sky News on Thursday that ‘if Queensland’s doing the heavy lifting, surely we can be considered for a grand final’. \n\nMs Palaszczuk referred to Queensland recent acceptance of the AFL’s relocation plan which has seen all 10 AFL teams temporarily basing themselves at hubs between the Gold and Sunshine Coasts for the remainder of the season.\n\n“I did put a biD in for the grand final,” she said. \n\n“I know that’s an early pitch, but we’ll continue to have discussions with the AFL about that.”\n\nWith many other states, including WA, vying to host the final, they’ve taken the opportunity to poke fun at the Queensland and the premier, questing their knowledge of Aussie rules given its status as a league state. \n\nThe premier was asked on Thursday how many players were on an AFL field.\n\nMs Palaszczuk didn’t know the answer. \n\nThis relocation plan could pump up to 40 million into Queensland’s economy. \n AFL It should be WA. AFL Isn't tas the perfect isolation state utas stadium been holding Hawks games for years.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
WA eased restrictions in June, but the unemployment rate kept climbingWestern Australia records the second-highest unemployment rate in the nation after another significant month of job losses in June, when the state took a big step towards returning to normal life. Because mining doesn't do that much for jobs and property construction requires immigration as an input. Enable industry that isn't parasitic instead of just artificially pumping tax money into the property sector and you will genuinely grow the 'economy' (not just the GDP).
Source: abcnews - 🏆 5. / 83 Read more »
Three US states break single-day records for coronavirus deathsThree US states have reported record daily increases in COVID-19 deaths, a trio of grim milestones that follows the first nationwide increase in fatalities since mid-April as some US states rushed to reopen. You don't know what you are talking about, the over all deaths in the USA are not with or from Covid, over 90% are with covid in many different co morbidities and the average age is 82, just like the rest of the world, stop whining and lying How many are hospitalised? How many in ICU? How many deaths? Everyone will be exposed eventually. We all risk death every second of our lives. Mortal humans.
Source: smh - 🏆 6. / 80 Read more »
Graph shows Vic lockdown’s huge economic hit after just a few daysNew data released from has shown Victoria’s economy tanking last week. It could take an almost $860m weekly hit from the restrictions – that’s a more than $5bn slump over six weeks. Still Victoria bashing, are we? They made up for it in fines
Source: newscomauHQ - 🏆 9. / 77 Read more »