Business
‘No more easy wins’: Jobs data suggests recovery is running out of puff – The New Daily
Employment went backwards outside Victoria in January as economists warn a weaker economy is emerging from COVID-19 and young people will feel it most.
The employment numbers released on Thursday made for good headlines, with almost 30,000 people finding jobs in January and the unemployment rate falling to 6.4 per cent.
But buried in the detail were signs of a recovery running out of puff, with the number of employed Australians outside Victoria actually going backwards.
Economists have consequently warned that our economic momentum is starting to fade and have singled out young Australians as particularly at risk.
Employment fell 7.7 per cent…
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