Victoria dragging down nation's jobs market, spending

  • 📰 theage
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 77%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Victoria was weighing on national spending and the country's jobs market even before Melbourne went into stage four restrictions auspol

The national result was pulled down by Victoria, where payroll jobs fell by 1.2 per cent in the period. There were also falls in Western Australia and the two territories.Queensland was the best-performed state with payroll jobs up by 0.6 per cent in the fortnight while they rose by 0.5 per cent in South Australia and 0.2 per cent in NSW.Since payroll data started being collated in mid-March, jobs are down by 6.7 per cent in Victoria, the worst of any state or territory.

Internal card and merchant data from ANZ also highlighted the impact of Victoria on the economy, with retail spending there 12 per cent lower than a year ago for the week to August 8. It was the state's worst performance since early May. The lockdown across Melbourne has hit key parts of Victoria's economy, with spending on dining and takeaway down 59 per cent year-on-year while fashion spending is 60 per cent lower.

CBA also found while overall spending nationally was up 8 per cent over the same week last year, it was being driven by a 21 per cent jump in online purchases.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Anyone wondering which side the age leans. Well their owner Nine Co.

Well we’ve carried the national economy for years. The other states can do their bit for a change

Thanks for your uplifting insight uncle rupert 🙄

Shit paper.

Leave us alone. Aren’t you meant to be a Victorian paper? Lost me.

Dragging down? You mean like the LNP has been doing for the last 10 years?

No shit Einstein you have the 2nd biggest economy locked down and not spending and it pulls down the national economy go figure. You wait till it's back up and running. My tourist dollars will go straight back into this economy every other state can find for itself.

Another pathetic shock-jock headline from The Age. “Independent. Always” - not any more unfortunately

more inflammatory heading

Ninefax been taking dreary lessons from ABC News Breakfast?

More LNP lickspittle from your local LNP fundraiser. auspol

Thanks Dan

ResignDanielAndrews

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Victoria dragging down nation's jobs market, spendingAs consumer confidence slipped to its lowest level since Anzac Day, data from the Australian Bureau of Statistics and the major banks revealed the extent to which Victoria's COVID-19 outbreak is weighing on the rest of the country | swrighteconomy swrighteconomy As Victoria drags those who want to work and live a free life off to the gulags swrighteconomy Just walked down an inner-west Sydney shopping strip past what were clothes shop, a pie shop, a podiatrist, a barbers, and a pub, which are now stripped empty and obviously not coming back - can't really blame Melbourne for that. COVID19Aus COVID19Vic COVID19NSW swrighteconomy You should ad and MSM confidence is absolutely gone, 10000%. Enjoy the dole like the rest of us you sellout 'reporters'.
Source: smh - 🏆 6. / 80 Read more »