So what do the new unemployment figures tell us about the Australian workforce? As some state borders begin to partially open and COVID numbers continue to decline, new figures have been released by the ABS. The slowing government funding support exposes which states are still stuck in limbo as they await the arrival of their …
Well it’s official. Australia has entered its first recession in 30 years with GDP contracting by 7% in the June quarter, putting an end to our global record. If you were born in 1992 or later (like me) then this is the first recession you’ve ever experienced and if history is anything to go by, …
Unemployment goes down… Yay!? Sorry could you repeat that, did the ABS just say unemployment has decreased? Believe it or not, the ABS figures for national unemployment levels in August saw a fall from 7.5% to 6.8%. The result is a good start but certainly not one to celebrate, considering that unemployment at pre-covid levels …
Officially in a recession Talk about finally saying what everyone was thinking! As of last week, data from the Australian Bureau of Statistics (ABS) revealed that in the three months between April and June, the economy suffered a contraction in GDP of 7%. This consequently translates to the largest quarterly fall in GDP since the …
Are you root 2? Because you make me irrational!!! Almost as irrational as the popping off of property prices before falling back in line. Similar to what Australia experienced back in the early 2000’s. But… we’re still waiting for prices to fully ‘fall back in line’. The real estate bubble refers to the economic theory …
