
Confidence plummets as lockdown in three states hammers economy
Confidence among Australians has suffered its biggest weekly drop since the early stages of the pandemic as the country undergoes a series of lockdowns in efforts to tame the virus.
Confidence among Australians has suffered its biggest weekly drop since the early stages of the pandemic as the country undergoes a series of lockdowns in efforts to tame the virus.
Australia’s unemployment rate fell to 4.9 per cent in June, with Queensland’s jobless figure also tumbling to 5.1 per cent, the best result in more than a decade.
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Scott Morrison has talked up the recovery in employment, which has seen the unemployment rate shrink to 5.8 per cent.
Unemployed workers are set to receive a modest boost to fortnightly JobSeeker payments once coronavirus supplements are scrapped.