Plans to meet the global target of 2% growth is underway as over 900 policy initiatives are set to add $2 trillion to the world’s economy, according to G20 finance ministers who gathered for the recently concluded G20 Finance Summit in Cairns.
Treasurer Joe Hockey has praised the G20, stating that they have “embraced a once […]
The unemployment rate was unchanged for last month but surprisingly, new jobs were added to the economy. 80,500 full – time jobs were added and 33,300 part time positions were scrapped. These changes for last month made February the second highest growth month on record.
The trend points to more growth in full time positions, showing […]
Another huge blow to the employment sector was revealed when Qantas CEO Alan Joyce announced 5000 job cuts are necessary to keep the business afloat. This announcement drew mixed reactions throughout the nation, as the airline company declared $252 million in losses.
So far, no declaration as to what region will be severely affected by the […]
Treasurer Joe Hockey supports the construction of a second airport in Sydney, citing that this will be essential to promote growth and investment. The treasurer has declared that he is determined to remove infrastructure bottlenecks in the city.
The new airport will be built at Badgerys Creek, and the treasurer is confident that this will be […]
The nation posted its worst unemployment rating in 10 years. The unemployment rate rose to 6%, after 3700 jobs were lost in the economy, according to the Australian Bureau of Statistics. 7100 full time jobs were lost and 3400 part time jobs were added, showing clear signs of a weakened labour market.
Businesses are losing confidence […]
Toyota’s announcement to shut down local production by 2017 delivered a massive blow to the automobile industry. 50,000 skilled workers are set to lose their jobs, possibly leading Victoria and South Australia into recession.
Toyota has followed the footsteps of Holden and Ford, all announcing 2017 as the end of their production locally. All 3 brands […]
Hundreds of jobs at Patrick’s operations were set to be replaced by robots in an attempt to modernize tasks at Port Botany. A freak storm damaged $1.52 million worth of robots that were supposed to automate wharfies jobs.
The 44 new carriers are set to replace the existing 42 carriers manned by wharfies at the port. […]