Australia has recorded a trade surplus of $8,025 million in May 2020, $195 million up from April 2020’s surplus in balance of trade and goods.

Job vacancies in Australia fell by 43 per cent over the May 2020 quarter, seasonally adjusted. This marked the largest quarterly decrease in job vacancies

The Australian Gross Domestic Product (GDP) fell 0.3% in seasonally adjusted, chain volume terms in the March quarter 2020. In addition, growth has slowed to

The ABS has reported that seasonally adjusted employment has fallen by 594,300 between March and April. The unemployment rate increased by one percent from 5.2

The ABS has reported that almost three-quarters of Australian businesses are predicted to experience a reduced cash flow over the next two months as a

The ABS has reported that one-third (31%) of Australians claimed their household finances have worsened during the peak COVID-19 affected period of mid-March to mid-April.

The ABS confirmed that between February and March 2020, the trend monthly hours worked did not change. Early March also showed that the trend unemployment

The ABS conducted a survey on the ‘Business Impacts of COVID-19′ which showed that 66% or Australian businesses had experienced a reduction in their turnover

As part of the Morrison government’s “coronavirus stimulus package”, it has been announced that starting on the 31st of March, pensioners and welfare recipients will