Share
Jobs are booming in major sectors of the economy, despite the virus-induced recession inflicting employment losses on more than 100,000 Australians.
The number of people employed in the retail, education and training, mining, agriculture, financial services and public safety industries has risen to well above pre-pandemic levels.
An analysis of detailed labour force data by
The Australian Financial Review shows the wide-ranging disparity in the employment market and how the COVID-19 recession is reshaping the economy.
Supermarkets and other food retailers have hired more staff to cope with a surge in people eating more at home and panic-buying during lockdowns.
The new trade minister, Dan Tehan, has been handed one of the Morrison government’s most demanding roles. Despite a lot of chest-thumping in government circles about the need to stand up to “Chinese bullying”, Tehan’s task will be to find a way to restore a constructive trading partnership with China in the national interest.
Beijing’s trade reprisals for perceived political slights should not be countenanced. However, there is no useful purpose in overreacting to China’s bad behaviour.
The business community, which has been alarmed by a deterioration in the China relationship, will watch Tehan carefully as he outlines his ideas for engagement.
VIC Premier
Victoria’s economy is forecast to be the fastest growing in Australia in 2021, according to the
Deloitte Access Economics Business Outlook Report released today.
The report estimates Victoria’s economic growth will hit 5.4 per cent this year, leading Queensland (4.7 per cent), New South Wales (4.2 per cent), Western Australia (3.5 per cent), South Australia (3.4 per cent) and Tasmania (3.4 per cent).
Treasurer Tim Pallas said the assessment is welcome news and supports recent economic indicators showing Victoria’s economy is rebounding, with strong growth in employment and retail spending. Mr Pallas said the report reinforces the Labor Government’s strategy of suppressing coronavirus (COVID-19) and rebuilding the economy.
An AMAZING waterfront mansion hits the market - boasting a dream pool, a 500-bottle wine cellar, 12-seat steam room and an entertaining area that could be the best in Australia
An extravagant mansion built in sand dunes overlooking the ocean might be one of Australia s coolest homes
Sprawled over 3,000sqm, the house has seven bedrooms, seven bathrooms and an eight-car garage
Standout features include a tennis court, steam room, wine cellar and two kitchens - one indoor, one outdoor
A white-tiled infinity swimming pool spills over the front terrace, reflecting sunlight up to the floor above