As US companies held onto their workers amid a growing labour shortage, fewer Americans filed new claims for unemployment benefits last week.
Job advertising as measured by the monthly SEEK employment report has grown by a record amount for a second consecutive month.
The consumer price index in the US jumped 0.8 per cent last month after rising 0.6 per cent in March.
The lack of funding to fix Australia’s hotel quarantine system and address worsening labour shortages are the missing pieces in an otherwise “high-scoring” Budget, WA business leaders say.
Danielle Le Messurier
The United Nations has revised its global economic forecast upward to 5.4 per cent growth for 2021.
Edith M Lederer
Australia’s international borders will remain closed until next year but the Prime Minister says States shouldn’t think of doing the same thing.
Sarah Ison & Josh Zimmerman
‘Our plan is working.’ That is a key message Josh Frydenberg wants us to take away from the Budget, which delivered figures not thought possible seven months ago, writes Sarah-Jane Tasker.
Sarah-Jane TaskerBusiness Editor
Australia’s economy has roared back to life, with the Federal Budget revealing it’s rebounded at its fastest pace on record and outperformed all major advanced economies. But debt will still spike.
Australia's triple-A rating from global agencies remains safe following the federal budget, but there are warnings there could be a future cut.
The sweetener was due to be phased out on June 30 but will be retained at a cost of $7.8 billion ahead of next year’s Federal election.
Treasurer Josh Frydenberg has announced major funding increases for aged care, roads and training in his second pandemic-era federal budget. Here’s how industry and community leaders reacted.
Josh Zimmerman, Annabel Hennessy and Sarah Ison
WA business owners say the Federal Budget could have included more support for small and medium enterprises but are confident the commitments handed down will keep overall sentiment high.
Treasurer Josh Frydenberg foreshadowed a big-spending Federal Budget “to secure Australia’s recovery” and continue to “keep Australians safe” as the COVID-19 pandemic rages around the globe.
From childcare subsidies to extra help for first-homebuyers, here’s what we already know is in tonight’s Federal Budget.
David Aidone, staff writers
These are times like no other. And the arrival and stubborn refusal of the coronavirus to be beaten means so many aspects of life have become more complicated than they would otherwise have been.
There are 25,000 fewer West Australian women in full-time jobs today than prior to the pandemic, prompting calls for the removal of barriers preventing mothers from returning to work.
A new survey has unveiled a concerning trend in the Australian property market, with the findings particularly bad for first time buyers.
Business confidence struck a record high in April, while retail spending grew by a solid 1.3 per cent in March.
Australia’s border will stay closed even after the COVID-19 vaccine rollout, with Prime Minister Scott Morrison warning he doesn’t see an ‘appetite’ to move beyond the elimination strategy.
US employers hired far fewer workers than expected in April, with non-farm payrolls only increasing by 266,000 after rising by 770,000 in March..
Single parents will be thrown a lifeline in the Federal Budget with the Government going guarantor on their loans — for up to 18 per cent of the purchase price — to help them into housing.
WA business owners are resorting to drastic solutions to plug worsening skills shortages, which are being felt right across the economy.
Global exports from China rose 32.3 per cent over a year ago to $US263.9 billion as consumer demand recovered.
If households spend the ‘unusually large’ savings they hoarded last year, a knock-on effect could trigger an interest rate rise.
Rebecca Le May
© West Australian Newspapers Limited 2020