Business
Victorian jobs slump amid stage 4 coronavirus lockdown, but ‘COVID recession’ bites elsewhere – ABC News
Heavy job losses in Victoria amid stage 4 restrictions are leading a national employment decline as the rest of the nation starts feeling the impact of the COVID recession, not just the COVID restrictions.
Paula Evans, owner of boutique Tierra Alma in beachside Mordialloc, didn’t need the Australian Bureau of Statistics to tell her about the epic economic pain of Melbourne’s August lockdown.
Key points:
- Payroll jobs fell 1 per cent around the nation, but 2.8 per cent in Victoria, in the month to August 8
- Melbourne entered tough stage 4 coronavirus restrictions on August 2, with the rest of Victoria on stage 3 restrictions
- Economist Terry Rawnsley warns the job losses outs…
Continue Reading
-
General20 hours agoAustralian economy still vulnerable to US bond turmoil
-
Business19 hours ago2 ASX 200 shares that could be top buys for growth
-
General6 hours agoDemocratic senators want an investigation into potential market manipulation from Trump’s inner circle
-
Business17 hours agoWhat I’d buy before the ASX rebounds: 3 high-conviction share picks