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Home owner, renter financial stress spikes

Home owner, renter financial stress spikes subscribe A A The early effects of the COVID-19 crisis are becoming clearer, with more home owners and renters experiencing financial stress in the June quarter, according to ABS data. The Household Financial Resources figures from the Australian Bureau of Statistics (ABS) for the June 2020 quarter revealed that compared with the previous three quarters, the number of home owners with a mortgage experiencing at least one indicator of financial stress has increased from 28 per cent to 35 per cent. Renters experiencing at least one indicator of financial stress has increased from 50 per cent to 56 per cent.

Christmas plans teeter on the edge as NSW arrivals to WA told to self-quarantine

McGowan announces 14-day quarantine for NSW arrivals We’re sorry, this service is currently unavailable. Please try again later. Dismiss McGowan announces 14-day quarantine for NSW arrivals 1.32pm Normal text size Advertisement The West Australian Premier Mark McGowan has announced that after midnight Thursday, New South Wales arrivals will have to self quarantine for 14 days and be tested for the virus on day 11. Mr McGowan held a late emergency meeting with the Health Minister Roger Cook, WA Chief Health Officer Andrew Robertson, Commissioner of Police Chris Dawson and the Director General of Health DJ Russell-Weisz. The decision came after NSW Health advised of a further 12 locally acquired cases, bringing the total number of cases to 17.

Australia November jobs soar again, beat forecasts

Australia November jobs soar again in boost to economic recovery Reuters 17/12/2020 By Swati Pandey © Reuters/STEVEN SAPHORE Businessmen use their phones as they stand in the central business district (CBD) of Sydney in Australia By Swati Pandey SYDNEY (Reuters) - Australian jobs surpassed expectations again in November, pushing the unemployment rate lower in a sign massive monetary and fiscal stimulus was bearing fruit after the country brought the coronavirus pandemic under control. Figures from the Australian Bureau of Statistics (ABS) on Thursday showed employment jumped by a stellar 90,000 in November, following an equally impressive rise in October, and the jobless rate eased to 6.8%.

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