More huge job losses lift unemployment to 7.1% But maybe we’re over the worst.

Employment fell a further 228k in May, far worse than market expectations for a 79k fall. This means that over the past two months, a massive 835,000 people have lost their job. Unemployment rose to 7.1%, with the rise tempered by more people leaving the workforce, where the participation rate has fallen to 62.9%, its […]

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Property Headlines: Are we really in a recession, will HomeBuilder work, unemployment, rising consumer confidence, falling business confidence and all the latest data

Life is starting to get back to normal, the lockdowns are lifting, there are people in the streets, in fact I went back to one of our favourite café’s on the weekend, but last week we learned we’re in a recession. Recently Reserve Bank Governor Philip Lowe suggested this is the largest economic contractions since […]

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