Treasurer unveils $807m Victorian business package as jobless rate hits 12-year low

The multi-million-dollar partnership with the Victorian government will provide relief to small and medium size businesses over the next two weeks.

It is the best unemployment rate seen in Australia since December 2008 and takes into account the second and third weeks of the Greater Sydney lockdown. The Treasurer said “significant economic support” had been provided in the form of the COVID disaster payments. An increase in the underemployment rate to 8.3 per cent was also observed during the past month as 230,000 people became employed but on zero hours.

According to this article from an actual reputable source - only 2200 extra people actually gained employment and the rate dropped because of so many people giving up looking for employment altogether. Lots of lying & fudging of the numbers going on.

BetterMoneyManagersMyArse

Unemployment figures hit 12 year low due to a halt in insanely high levels of immigration. Fancy that! auspol

'The Federal government has announced a new $807 million relief package for Victorian businesses ... ' Hmm. I wonder how much of that taxpayer money will end up in the pockets of assorted Federal LNP politicians and billionaires along the way ... ?

More and more debt isn’t a great business model. Tell us how inflation’s going Josh.⬆️

Government should help restructure business loans, lot of business owners who has given their house as a security against business are about to loose their homes.

Um, doesn’t this make it that unemployment rates are fake as Gov needs to print money to prop them up or face businesses collapsing…

seems like a reward for poor behaviour

What incentive is there for Dictator Dan or any other premier for that matter, to get out of lockdown with the feds opening up the cheque book at every outbreak. Premiers should be rewarded for not locking down and plunging us further into debt.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Belated business case reveals rail loop will feature driverless trainsThree years after announcing the $50 billion Suburban Rail Loop, the Andrews government has released a business case for the first sections of the project. railloop 😂😂😂 well done keeping VicLabour honest… what's the bet the cost blow-outs are over 100% betanyone Looks reeeeeeeeeeeeeeeeeeeeeeeaaaaaaaaaaaaaaaaaaaally expensive ! ... and it will probably be late , over budget , with myriad problems , just like the Westgate tunnel . SuburbanRailLoop SpringSt DictatorDan
Source: theage - 🏆 8. / 77 Read more »