New data shows a welcome increase in jobs, concentrated in Victoria where 80 per cent of new jobs were created, but more than 2.2 million Australians are still looking for work or more hours as the patchy recovery continues.

New ABS figures confirm that more than two hundred thousand jobs still haven’t “come back”.

The RBA has today confirmed in its December Bulletin that the Morrison Government’s hiring credit scheme will not help many of the people worst affected by long-term unemployment.

Nearly two years after the Banking Royal Commission’s final report, the Morrison Government has introduced legislation that will dismantle consumer protections, abandoning the report’s first recommendation.

It is disappointing that the uncertainty and delay around the News Media and Digital Platforms Mandatory Bargaining Code will continue into 2021.

Today’s National Accounts have confirmed early signs of recovery following the worst quarterly economic contraction in Australian history and the first recession in 29 years.

The latest OECD Economic Outlook has warned the Morrison Government that premature cuts to vital support in the economy will hamper Australia’s recovery from the worst downturn in almost a century.

The latest ABS data today has confirmed capital expenditure collapsed again in the September quarter, entrenching the crisis in business investment that existed well before the pandemic.

Today’s ABS Labour Force update showed a further increase in unemployment with almost one million Australians now unemployed, despite a welcome increase in jobs in the month of October.