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Qld unemployment drops as pandemic impacts almost wiped away
Queensland’s unemployment has dropped below 6 per cent for the first time in a year as the nation recorded another impressive performance.
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Queensland’s unemployment has dropped below 6 per cent for the first time in a year as the nation recorded another impressive performance.
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Queensland has staged a stunning employment revival wiping out all the losses of the past year.
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Australians are becoming a little anxious about the demise of the JobKeeper wage subsidy that is due to finish at the end of the month.
Reserve Bank Governor Philip Lowe has pleaded with big business leaders to open their wallets and start investing and warned that Australia’s long crawl out of a sluggish economy was being hampered by a lack of spending and poor wages growth.
The economies of regional Queensland are starting to fire up with unemployment consistently better than Brisbane and tourism rebounding strongly.
Treasurer Josh Frydenberg has been forced to defend a modest increase to the dole after welfare groups and economists slammed the miserly boost.
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