Small business jobs, revenue recover
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Small business revenues have risen for the sixth consecutive month and hiring plans have also picked up, two indicators that point to a safe landing for small business as the federal JobKeeper program tapers off.
Real time data from accounting software company Xero, charting more than 100,000 businesses with fewer than 20 employees, as well as new Australian Bureau of Statistics data show revenues were higher.
Xero s Trent Innes says small businesses hire another person if they get the revenue.
Xero reported small business revenues were up 1.7 per cent in November while the ABS reported that 25 per cent of businesses posted rising revenues. About two-thirds of medium and large businesses also planned to employ more staff over the next three months.
If Australians were supported toward electric vehicles we could significantly reduce respiratory illness in our cities, shake off our fuel insecurity, cut our carbon emissions, and even firm up our grid with a giant collective battery. This strategy does not help us realise this exciting future, Mr Jafari said. This strategy leaves Australia miles behind just as the exciting global transition to electric vehicles is picking up pace, he added.
The Government s electric vehicle strategy, first confirmed to be in the works in early 2019 in the lead-up to the federal election, was recently renamed as the Future Fuels Strategy discussion paper.
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The Reserve Bank of Australia (RBA) has released a Bulletin Article examining the impact of the COVID-19 pandemic on Australia’s international student trade.
The RBA perpetuates the myth that education is Australia’s fourth largest export, earning $40 billion in 2019:
Australia’s education exports totalled $40 billion in 2019. This included $17 billion in tuition fees paid by international students and $23 billion in international students’ living expenses while they studied in Australia. China has accounted for one third of Australia’s education exports over the past few years (Graph 2)…
Growth in education exports to China eased somewhat between 2017 and 2019, which liaison contacts partly attribute to increased competition for international students from other English-speaking countries, such as the United Kingdom and Canada. Meanwhile, the number of international students