Victoria’s economy is the best performing in the nation overall, including leading all states and territories on relative unemployment and retail trade, according to the CommSec State of the States Report released today. Victoria has the strongest jobs market, the quarterly report found, following recent Australian Bureau
An entire generation has never experienced life with high inflation. But that is set to change. Countries like Australia, Canada, the United Kingdom and others are reporting rising inflation. In New Zealand, inflation has climbed to its highest rate in 32 years. Our collective inexperience with the
It’s not an academic way to start an article about Australia’s latest jobs numbers, but all I can think is “wow”. The official unemployment rate in June fell to 3.5%. It’s almost 50 years – August 1974, to be exact – since it was lower.
Australians pay too much income tax – or so some argue. The Australian Financial Review’s economics editor, John Kehoe, for example, has noted: Australians are paying more personal income tax as a share of government revenue than any other advanced economy, except for the high-taxing Scandinavian
Ensuring equal opportunities and pay for women is one of the wide range of topics laid down for the federal government’s jobs summit, to be held September 1-2. About 100 invitees will come from business, unions, civil society groups, and other levels of government. The
More than 900 jobs will be created and tourism businesses boosted as Qatar Airways expands its services to Melbourne, thanks to support from the Andrews Labor Government. Minister for Industry Support and Recovery Ben Carroll today announced the airline will fly a second daily service
Retailers are continuing to face an uphill battle against the cost of doing business with the third interest rate increase in three months announced today by the Reserve Bank. National Retail Association Chief Executive Dominique Lamb said the challenges of doing business have never been more
Inflation is the talk of the town, and its affects are becoming more apparent, impacting groceries, fuel, and interest rates, as well as the purchasing power of your customers. As a business owner, labour shortages, supply chain bottlenecks and wage hikes are likely adding to
The Andrews Labor Government is continuing to deliver a strong economic recovery for Victoria, with the state’s unemployment rate falling to the lowest level since monthly records began in 1978. Today’s data from the Australian Bureau of Statistics (ABS) shows Victoria’s unemployment rate sits at
The seasonally adjusted unemployment rate for April 2022 was 3.9%, according to data released today by the Australian Bureau of Statistics (ABS). Bjorn Jarvis, head of labour statistics at the ABS, said 3.9% is the lowest the unemployment rate has been in the monthly survey.
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