Billions added to government's bottom line and unemployment down
A quicker-than-expected economic recovery from the COVID-19 recession has added billions to the government’s bottom line, but that’s unlikely to be felt by workers anytime soon, with the cost of living slated to outstrip wage growth in the coming months. On the up side, official ABS data shows the unemployment rate dived from 5.2 in October to 4.6 per cent in November, after lockdowns had ended in New South Wales, Victoria and the ACT. Guest: Danielle Wood, CEO, Grattan Institute
The Economy, Stupid · Australian Broadcasting Corporation
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Show Notes
A quicker-than-expected economic recovery from the COVID-19 recession has added billions to the government’s bottom line, but that’s unlikely to be felt by workers anytime soon, with the cost of living slated to outstrip wage growth in the coming months. On the up side, official ABS data shows the unemployment rate dived from 5.2 in October to 4.6 per cent in November, after lockdowns had ended in New South Wales, Victoria and the ACT.
Guest: Danielle Wood, CEO, Grattan Institute