It’s a tricky path trying to steer between the prevailing greed and hysteria

Original article by Terry McCrann
Sunday Herald Sun – Page: 50 & 51 : 8-Aug-21

Data from Roy Morgan shows that 28,000 Australians lost their jobs in July, amid the fifth lockdown in Victoria and the ongoing lockdown in New South Wales. Roy Morgan estimates that 1.4 million Australians were unemployed in July, while an addition 1.33 million were under-employed. These figures do not take into account the full impact of the NSW lockdown and the latest lockdowns in Victoria and Queensland. Meanwhile, official jobs data from the Australian Bureau of Statistics for July will not be available for another two weeks, and will cover only the first two weeks of the month. The big question is whether state governments will continue to impose job-destroying lockdowns if the vaccination target of 70-80 per cent of Australians is reached and the nation is still recording new COVID-19 cases and deaths.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s