Which industries have been impacted most by COVID-19?
at 12:05 am on December 24, 2020 | 6 comments
The Australian Bureau of Statistics (ABS) yesterday released quarterly employment data to November 2020, which revealed that 248,800 jobs were regained over the quarter, with Professional, Scientific & Technical Services (80,200) leading the charge, followed by Administration (53,300), Accommodation & Food Services (+45,800), and Transport, Postal & Warehousing (+35,600):
However, in the year to November 2020, 79,200 jobs were lost, still dominated by Accommodation & Food Services (-93,600), followed by Manufacturing (-78,000) and Other (-33,900):
Finally, the next chart plots the change in jobs since the Global Financial Crisis (GFC) hit in August 2008. Over this period, 2,112,500 jobs have been created, driven by Health Care & Social Assistance (+660,900), Professional, Scientific & Technical Services (+422,100), and Education (+278,500), with Manufacturing losing the most jobs (
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Shoppers set to spend record $2.75 billion across Australia on Boxing Day
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WedWednesday 23
DecDecember 2020 at 7:38pm
The NRA says while many Australians will flock to shops on Boxing Day in search of bargains, the nation s online spend will hit $930 million on the day.
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Australians are predicted to spend a record $2.75 billion across stores nationwide this Boxing Day, according to the National Retail Association (NRA).
Key points:
Australians are predicted by a retail group to spend a record amount across stores nationwide this Boxing Day
The National Retail Association forecasts online sales will also be strong
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SYDNEY Australia’s trade surplus for goods fell to a two-year low in November hit by a slump in exports to top trading partner China, which imposed a number of restrictions in an escalating trade dispute.
Preliminary data from the Australian Bureau of Statistics (ABS) on Wednesday showed goods trade surplus slipped to A$1.9 billion ($1.43 billion) in November from A$4.7 billion in October.
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This is the first time since November 2018 that the goods trade surplus has dropped below the A$2 billion mark.
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at 1:20 pm on December 23, 2020 | 2 comments
The ABS has released preliminary international trade data for November, which reveals that the Chinese embargo on Australian exports has helped cut Australia’s trade surplus:
A goods trade surplus of just under $2 billion has been recorded for November, down from $4.7 billion in October, according to newly released data by the Australian Bureau of Statistics (ABS).
ABS Head of International Statistics, Branko Vitas said: “An 11 per cent increase in imports and a small increase in exports has more than halved the goods trade surplus this month. This is the first time since November 2018 that the goods trade surplus has dropped below the $2 billion mark”.
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