City centre cafes across Australia are at risk of closing despite employment numbers being at a record high.
Australia s jobless rate fell to 5.6 per cent in March, the lowest since the start of the pandemic, as 70,700 jobs were created in just one month.
The number of Australians with a job rose to a record high of 13.078million.
Those numbers were taken before JobKeeper Covid wage subsidies ended on March 28, which could see struggling hospitality businesses shed staff.
Jobs in the food and accommodation sector plunged by 9.5 per cent between March 2020 and March 2021 even though employment in the broader economy rose by 1 per cent, Australian Bureau of Statistics data showed.
Mortgage Business 16 April 2021
Applications for HomeBuilder have now closed, with applicants being given until 30 April 2023 to submit all supporting documentation.
The extension for applications for the HomeBuilder program has now concluded, having closed at midnight on Wednesday (14 April 2021).
The scheme, which was extended last year to provide a $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021 (inclusive), aims to provide eligible owner-occupiers (including first home buyers) with a grant to build a new home or substantially renovate an existing home.
It has a secondary aim of assisting the residential construction sector by encouraging the commencement of new home builds and renovations.
MacroBusiness
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at 10:00 am on April 16, 2021 | 6 comments
Yesterday’s employment report from the Australian Bureau of Statistics (ABS) revealed that the number of jobs across the Australian economy has fully recovered from COVID, rising 0.6% in the year to March:
Australian jobs have fully recovered their COVID losses.
Superficially, Australia’s youth – defined as those aged 16 to 24 – have largely missed the recovery, with the number of youth jobs still down 2.0% (39,700 jobs) on March 2020 – versus jobs growth of 1.0% (114,000) across the rest of the labour market:
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The youth jobs recovery badly lags the rest of the labour market.
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