Prime Minister Scott Morrison says that Australia's COVID Coordination Commission will be re-geared into an advisory board for the Job-Maker plan. Under the re-brand of the commission, which was initially established to help manage resources during the initial phases of the pandemic, the agency will work internally within the Federal Government. The prime minister said [...]
Minutes of the latest RBA monetary policy said, “Members agreed that there was no need to adjust the package of measures in Australia in the current environment.” This refuses the earlier hopes that the policymakers are worried about the second wave of the corona virus (COVID-19). In a speech titled "COVID 19, the Labour Market [...]
As per Official data released on early Thursday, Australia's unemployment rate rose to 7.4% in June to hit the highest level in two decades whereas Market consensus favors Employment Change to recover to +112.5K from -227.7K. The effective rate factors in people working zero hours and those who have dropped out of the labor force [...]
Australian shares fell on Tuesday as a growing number of new corona virus cases in the country's most popular state created fears of a second wave of infections. New South Wales reported on Monday 14 new cases of COVID-19 at a pub used by freight drivers, right away after a surge of infections in the [...]
