Australian Bureau of Statistics reported total employment fell by 19,000 in October
The state's unemployment rate, which dipped to 3.9 per cent in January, climbed back to 4.8 per cent las month, the highest since July last year.Unemployment in NSW has been considerably better than other states for much of this year but has risen to be on par with Victoria's jobless rate. "In the absence of fiscal stimulus soon the pressure remains on the RBA where we expect to see another 0.25 per cent rate cut in December,Nationally, the jobless rate pushed up to 5.3 per cent after 10,300 full time and 8700 part time jobs disappeared through the month. It is now well above the 4.5 per cent rate the Reserve Bank believes is necessary for wages growth to pick-up.
Mr Frydenberg, whose mid-year budget update next month will have to contain sharp downgrades to unemployment and wage growth forecasts, said the government remained committed to a budget surplus. "I'm not talking about multi-billion dollar projects that would take a decade to build, I'm talking about things you can do right now that would be good in and of themselves but would also make it more likely that people remained in work," Mr Andrews said., gradually introducing them over two years in a move that would protect the budget surplus while putting money back into the economy.
I want a Wage raise not more useless Tax relief RaiseMyWage ScottMorrisonMP JoshFrydenberg auspol
Give the worker free one off dental treatment like they do in philippines. Stop screwing people over that work. Give them same rights as the welfare bludger
I'll give the economy a boost, increase Newstart by $100 a week and see the spending on basics go through the roof!
I thought he already passed tax cuts that did zero, zilch for the economy. Then to have thousands hit with robodebts on top. Hands up quietaustralian
Cut taxes for those who have jobs will benefit those who don't? How does the effectiveness differ from increasing Newstart? It's all about economic stimulus
Tax cuts also means service cuts. The budget must stay in surplus. The most vulnerable will be those who pay again. That won’t matter to the LNP though. Just another stick to beat the already downtrodden.
Raise NEWSTART! It'll put cash directly into the economy & ease the financial worry & burden of our poor.
Taxes fund fire brigades
I thought that was the role of the extraordinary 2019 targeted budget for the “ quite Australians “ Seems as if they are also the “ tight Australians “ LiberalAus auspol
They've screwed the economy, the jobs market, the environment, NDIS, TAFE, cut funds to fires services while members of parliament and their cohorts rort the system and now they're ignoring low income earners - why? Who is smarter an algorithm or members of a specified group.
So, when tax revenue shrinks as the population ages, how will Morrison pay for public services, by increasing taxes, or increasing user-pays charges? Economic mismanagement
Yeah, why not? If at first you don't succeed, keep doing the same thing over and over in case something good accidentally happens.
I don’t want tax relief. I want services
It won’t make any difference. Tax cuts go into mortgages and savings. Spending patterns have changed. Only infrastructure will suffer.
It's all meaningless, the problem is immigration, ethnic replacement green tape, red tape, parasitism (lying cheating and stealing), and the fact that the Whitlam government shipped signed the Lima agreement to ship manufacturing overseas. Plus usury, lots and lots of usury.
Definition of madness is doing the same thing over and over expecting a different result
One trick ponies