Australia is expected to post its biggest ever monthly rise in unemployment on Thursday because of coronavirus lockdown measures, even as the country begins to gradually ease those social distancing rules.
FILE PHOTO: Seats are marked off for social distancing at Westmead Hospital amidst the spread of the coronavirus disease in Sydney, Australia, May 12, 2020. REUTERS/Loren Elliott
“It will be a horrible set of numbers,” said Gareth Aird, senior economist at the Commonwealth Bank of Australia. Australia imposed strict social distancing measures in March to tackle the pandemic, closing its borders to all non-citizens and ordering people to stay home unless on essential business. Pubs, sports centres, libraries and other public buildings were closed while cafes and restaurants were restricted to takeaway services.
New South Wales, Australia’s most populous state, on Thursday reported just four new cases ahead of the lifting of some restrictions on Friday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Baltimore restaurant owner can't get employees to return because they make more in unemploymentThe federal coronavirus relief bill known as the CARES Act gave $600 per week in unemployment insurance to unemployed workers on top of the state unemployment money they claim.
Weiterlesen »
Bolsonaro allows Brazilians to go to the gym as coronavirus cases surgeBrazilian President Jair Bolsonaro on Monday declared gyms and hair salons as essential services that can stay open through the new coronavirus outbreak, easing measures to control the disease despite new cases and deaths surging in the country.
Weiterlesen »
Comfort is en vogue during coronavirus: PJ sales surge 143%, pants sales fall 13%Overall online apparel sales in April increased 34% from March, according to Adobe Analytics.
Weiterlesen »
Why 14.7% unemployment doesn’t tell the whole story: Yahoo UThe U.S. unemployment rate soared to 14.7% in April, but that number might be understating the true damage of the novel coronavirus on the labor market.
Weiterlesen »
Uber Technologies Makes Takeover Approach to GrubhubA potential deal under discussion would unite two of the biggest players in meal delivery at a time when the coronavirus pandemic has sparked a surge in demand for their services.
Weiterlesen »
Tyson Reduces Some Beef Prices as Coronavirus Pushes Grocery-Store Costs HigherTyson Foods is lowering some prices it charges supermarkets and restaurants for beef, after coronavirus-driven disruptions at meatpacking plants have led to a surge in meat costs.
Weiterlesen »