ABS: Payroll wages and jobs rebound to pre-COVID level
The Australian Bureau of Statistics (ABS) has released its
Weekly Payroll Jobs and Wages in Australia survey to 27 February 2021, which suggests the labour market has basically recovered back to its pre-COVID level.
According to the ABS, payroll jobs are now only 0.2% below their pre-COVID level on 14 March 2020, whereas total wages are 1.0% higher:
Payroll wages and jobs have recovered their COVID losses.
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ABS: Property prices booming across all capitals macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Australia s property market has recorded its strongest rise in almost five years with the average price of a residential home now more than $720,000.
New figures released today from the Australian Bureau of Statistics (ABS) found residential property prices rose in all capital cities in the December quarter of 2020.
The total value of Australia s 10.6 million residential dwellings rose by $257.9 billion to $7.7 billion in the December quarter 2020. The mean price of residential dwellings in Australia is now $728,500.
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Crowds take in the action during a property auction at 7 Finlays Avenue, Earlwood, conducted by Auctioneer Tom Papas.(James Alcock/NINE MEDIA) The rise in property prices is consistent with a range of housing market indicators, ABS head of prices statistics Michelle Marquardt said in a statement.
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