S&P/ASX 200 breaks above 6,800 for the first time since late February 2020
Brent crude oil price gained 40 cents to US$56.30 a barrel on expectations that U.S. President Joe Biden’s administration will deliver a massive stimulus spending that will lift fuel demand. Australia’s unemployment rate came in at 6.6% in December.
S&P/ASX 200 (INDEXASX:XJO) is rising for a third consecutive day with the index 0.68% higher at 6,816 points by 1.51 pm and breaking above the 6,800 point mark for the first time since late February 2020.
This followed a positive lead from Wall Street where the S&P 500 and the Nasdaq hit all-time highs on Wednesday after the inauguration of Joe Biden as 46th President of the United States.
Australia s jobless rate fell to 6.6 per cent in December - the lowest since the start of the Covid pandemic as more full-time jobs were created than part-time ones.
Employment in detail: Recovery on track 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.
HomeBuilder Has ‘Saved the Day’ for Construction Industry: Master Builders
The building industry’s peak body is applauding the success of the HomeBuilder scheme, which is expected to support $18 billion worth of residential construction and renovation projects.
“There is no doubt that the Federal Government’s decisive action to implement HomeBuilder in the eye of the COVID storm saved the day for thousands of small builders and tradies, the people they employ and communities they support around the country,” Master Builder Association CEO Denita Wawn said in a statement.
“Without HomeBuilder thousands of small builder and tradie businesses would have gone under, and hundreds of thousands of jobs would have been lost,” she said.
Unemployment drops to 6.6pc, with 50,000 people starting work in December
Posted
ThuThursday 21
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ThuThursday 21
JanJanuary 2021 at 2:41am
Mitch Crawford is relieved to be working again, after he was made redundant earlier in the year.
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For a while, Mitch Crawford thought he would end up homeless.
The 29-year-old lost his ATM technical support job in April and was relying on JobSeeker payments for months while he vigorously applied for jobs. No-one was really using ATM s, as you can imagine people weren t using a lot of things, or getting out of the house, so, yeah, I lost my job from no-one using ATM s, I guess, Mr Crawford told ABC News.