Supply chain issues are emerging as the biggest challenge for many WA operations, with local business owners warning getting stock from overseas is starting to affect trade.
Australia has seen a $78 billion loss in international and domestic air travel over the past seven months, prompting calls for a plan to revive the industry before Christmas.
WA has for the first time accounted for more than half of all resources jobs advertised nationally.
WA business leaders have bucked the national trend, with local directors by far the most optimistic about the health of the State’s finances, according to a new report.
New research has revealed the impact of COVID-19 on the spending and saving habits of WA households, with many locals concerned economic recovery from the pandemic will not be swift.
All States and Territories, with the exception of Northern Territory, fell backwards, with Victoria the only State trading below September 2019 levels.
WA’s labour market continues to offer the best job prospects in Australia despite last month recording a higher percentage of payroll job losses than the national average.
Barring Tasmania, NSW and Victoria, all the States are now above an index level of 100, indicating optimists outweigh pessimists.
WA’s struggling hospitality industry has come roaring back to life, with fresh data showing West Australians are spending more on eating out than any other State.
Underpinning the recovery has been an aggressive containment of the coronavirus that has allowed factories to quickly reopen and capitalise on a global rush for medical equipment and technology.
But Deloitte Access Economics also warns keeping it shut while other states open theirs could present its own challenges.
The great Australian dream of home ownership is stronger than ever, with a new report revealing today’s millennials were prioritising getting onto the property ladder more than any other generation.
Scott Morrison is ramping up pressure on Labor to support the Government’s new program that gives employers money for hiring people under 35, saying more young people lived in Labor electorates.
Everyone dreams of finding that elusive, life-changing gold nugget. Now record gold prices, the TV shows like Aussie Gold Hunters and WA’s closed border have seen a mini prospecting boom in the State.
WA’s hard border is starting to create an uneven playing field among the State’s business community, with some companies adversely impacted, while others are reaping the benefits.
Among the latest data released by the ABS is the startling revelation that an estimated 580,000 children were living in jobless families at the height of the pandemic.
Victoria is ‘continuing to drag the national economy down’ with the federal government urging the embattled State to ease back restrictions faster.
The McGowan Government is facing questions over its $600 electricity bill bonus from private energy operators, who are concerned their customers may miss out on the scheme.
Danielle Le Messurier
Data released today shows Australia’s unemployment rate has increased to 6.9 per cent, while WA’s has dropped to 6.7 per cent - which the Premier says is another example of ‘WA carrying the country’.
Governor Philip Lowe also signalled there would be no lift in the record low cash rate for at least three years as the economy recovers from the fallout of the coronavirus.
The impact of WA’s hard border on local businesses has been revealed, with many companies expecting access to customers and skilled workers to get worse
WA retailers are in a “sweet spot”, and if recent trends are anything to go by, can certainly expect a solid Christmas trading period, according to an industry expert.
The nation’s economic recovery from the coronavirus pandemic continues, with half of all mortgage holders who deferred loans during the pandemic now making repayments.
Opposition Leader Liza Harvey has sounded the call to ‘silent West Australians’ in a Budget reply characterising the McGowan Government as ‘mean-spirited’ and ‘starved of hope and aspiration’.
© West Australian Newspapers Limited 2020