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Detached housing starts jumps 40% YOY: ABS By Malavika Santhebennur 16 July 2021
The number of new houses that commenced construction in the March 2021 quarter was over 40 per cent higher than the same time last year, according to new data.
Building Activity figures for the March 2021 quarter released by the Australian Bureau of Statistics (ABS) have revealed that the seasonally adjusted estimate for the total number of dwelling units commenced rose by 0.2 per cent to 51,662 dwellings.
This was driven by a 5.9 per cent increase in the number of new detached housing commencements to a 20-year high of 35,869 and has followed a 27.1 per cent rise in the December 2021 quarter.
COVID-19 lockdowns a âmass sacrificial eventâ
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Perceptions that the economy is stronger than before the coronavirus pandemic are wrong and lockdowns have cost Australia at least $60 billion, according to a Sydney economics professor.
University of NSW economist Gigi Foster said Australian policymakers were responsible for the âgreatest economic policy debacle in a generationâ, had succumbed to COVID-19 âmaniaâ, and experts who challenged them had been subjected to intimidation and bullying.
University of NSW economist Gigi Foster is a sceptic of lockdowns.
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The economics profession contributed to the mistakes by refusing to participate in a debate over the costs and benefits of lockdowns, Professor Foster told an economics conference this week.
Unemployment at a 12-year low! Is this BS?
16 July 2021
Just when I was cheering about a great unemployment number of 4.9%,
which is the best in a decade, along come complaints that you can’t trust this
number and that it’s artificially created!
While this bleating is arguably true, I respectfully ask: “So what?” And
disrespectfully I suggest the complainers should save their whinging for
something really important.
So am I saying getting the accurate measure on the actual number of the
unemployed is unimportant? On thinking about it, the answer is yes, definitely
yes!
If this horrifies you, let me show the difference between you and an