(Adds quote from Treasurer in pars 11-12)
SYDNEY, Dec 17 (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%.
Economists polled by Reuters were predicting an addition of 50,000 jobs with the unemployment rate staying steady at 7%.
The data adds to evidence that Australia’s A$2 trillion ($1.52 trillion) economy is well on its way to recovery after slipping to its first recession in three decades earlier this year.
Tamworth: Council approves 4th McDonald s in Australia s fattest town cairnspost.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cairnspost.com.au Daily Mail and Mail on Sunday newspapers.
A fourth McDonald s has been given the green light to be built in Australia s fattest town. Councillors voted on Tuesday night in support of the development in the country music capital of Tamworth, in northeast New South Wales. The fast food restaurant will be constructed on the corner of Peel and Marius streets in North Tamworth, next to an aged care facility, and includes a McCafe, play area and waiting bays. The site is a walking distance of 2.5km from McDonald s in the regional city centre, 3km from McDonald s Tamworth West and 5.9km from McDonald s Tamworth South. It has an estimated construction cost of $3.34 million and is expected to open late next year.
Tamworth in NSW is Australia s most obese town with a 61.2 per cent obesity rate
Its Regional Council approved a fourth McDonald s restaurant in North Tamworth
It will be just 2.5km from the nearest franchise and 3km from the second closest
Many residents opposed the new McDonald s over health concerns for the town
Council approved it under 92 conditions, arguing it will create 120 local jobs
Household financial stress rises in June quarter: Australia miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.