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The rapid decline in the unemployment rate to a decade low looks set to come to an end, a casualty of multiple virus restrictions across the country in recent weeks.
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The Reserve Bank of Australia has trimmed its economic growth forecast for this year, but is expecting a stronger result in 2022.
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Australia’s annual rate of inflation has soared to 3.8 per cent, its highest level in more than a decade and well above the Reserve Bank’s two to three per cent target band.
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.
Australia’s economy is bouncing back but what about the mental health of small business owners? Robert MacDonald looks at what’s on offer
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