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Workers Wanted: Job Ads on the Rise in the Wake of COVID
Is that a light we can see at the end of the pandemic tunnel? New data shows the Aussie economy is on the mend.
While the rest of the world still suffers the economic ravages of the pandemic, in Australia, job vacancies are on the up.
New data reveals that the advertising of jobs across the nation has increased by 75 per cent since March last year, when COVID-19 had just begun its debilitating spread throughout the world.
The report, compiled by employment marketplace company Seek, reveals that new job ads have increased 10 per cent month-on-month since March last year.
Victorian Opposition Says State Budget Will Return to Surplus by 2026 if Elected
The Victorian opposition has pledged to bring the state budget back to surplus within five years if the Liberal and National coalition wins next year’s election.
This announcement by shadow treasurer Louise Staley comes after the Andrews government announced a plan in November 2020 to overturn the COVID-19 induced economic downturn with an unprecedented $23.3 billion budget deficit by the next financial year.
Staley told reporters on April 26 that the coalition will overturn the Andrews government’s state deficit through sustained economic growth, reducing government “waste,” and lobbying the commonwealth for a greater share of the GST.
Super funds continue their march higher
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The remarkable bounce-back in superannuation fund returns from last year’s COVID-19 induced plunge continues, with a typical super fund “balanced” investment option growing by 19.3 per cent in the year ended March 31.
Fund researcher SuperRatings figures show that balanced funds, where most working people have their retirement nest-eggs invested, returned 2 per cent in March.
That is the 12th consecutive month of positive returns since the big losses of February and March of last year, when sharemarkets around the world crashed in the wake of the biggest economic slump in almost a century.