Australia’s unemployment rate fell to its lowest level in almost 13 years, but the number of hours worked fell sharply. Many people gave up looking for work due to the COVID lockdowns in several states.

Australia’s unemployment rate has dropped to 5.6%, but hours worked have also fallen in a sign of the economic pain caused by COVID lockdowns.

According to economist Geoffrey Aird, the areas that are experiencing the fastest growth in household income are those located in the south-east.

Household income has been reduced by job losses in Victoria and NSW, but it has been more than offset by government support payments.

This year’s data shows that the federal government’s support for businesses has declined significantly.

Despite low wage growth, many people still feel that they are going backwards. Despite this, the cost of living is still high and despite the closures of borders, the demand for jobs is still high.

Coming out of the lockdown, which is going to put pressure on wages, is going to be a bit of a drag on the economy with the prospects for wage rises not great.

Due to the global supply chain problems, some products will not be available for Christmas shopping. This will cause frustration for those planning on buying gifts for the season.

Retail sales are expected to pick up during the Christmas season, with many consumers wanting to restock.

A lot of people are going to have a bit of a hangover after 2019 when they realize that COVID is not yet finished.

Retail stores like Glassons are expecting a big pickup during Christmas with sales expected to jump. Use a Glassons discount code to save on your Glassons shop.