Ahead of the end of the JobKeeper wage subsidy program,the jobless rate fell to 5.6 per cent in March – though full-time employment also fell.
It was less than a year ago that the April job figures showed 600,000 jobs disappearing. A year on,the jobs market is rapidly improving.
Business trading conditions have hit record highs as the nation’s economy recovers from the coronavirus pandemic but analysts are warning there are signs of weakness.
The figures are among the first gauges of business health to emerge in the post-JobKeeper period and come amid fears of a wave of insolvencies and evictions.
Jobs advertised online reached a 12-year high of 238,700 last month but economists caution the end of the JobKeeper wage subsidy could push the unemployment rate higher by mid-year.
A British multinational received $32 million in JobKeeper funds while growing its profits and winning a NSW contract to feed hotel quarantine guests.
Job ads are up an astounding 39 per cent in regional areas,compared with just 2.2 per cent in capital cities. Here’s where to find your next opportunity.
The tourism industry is calling for a new wage subsidy scheme to help businesses survive as new data shows travel-reliant businesses have fallen behind in the jobs recovery.
Economists say the time is right to refocus spending on struggling sectors to avoid unnecessary debt.
In this episode,national editor Tory Maguire and economics correspondent Jennifer Duke talk about how the end of JobKeeper will affect the Australian economy.
The end of the $90 billion JobKeeper scheme threatens to widen the divide between the richest and poorest suburbs in Sydney and Melbourne.