Australian Economy

Bernard Salt – the self proclaimed “unabashed supporter of a bigger Australia” – has produced reams of articles pushing rapid population growth and warning that to not follow this path would lead to an economic and fiscal catastrophe.

With NSW COVID cases plummeting and the 70% double-dose vaccination target hit, new Premier Dominic Perrottet has this morning moved the state’s reopening roadmap forward, specifically: Brought forward the return to the classroom to 18 October, with all students due to return to face-to-face learning by 25 October.

No surprises there: Looking through it on employment.

Queensland Premier Annastacia Palaszczuk has warned that the state may not reopen its borders when 80% of the eligible population is vaccinated, as per the nationally agreed plan.

In yesterday’s Statement on Monetary Policy, RBA governor Phil Lowe tipped a swift economic rebound once lockdown restrictions are lifted in NSW and Victoria; although it will be slower than was experienced last year: As vaccination rates increase further and restrictions are eased, the economy is expected to bounce back.

New car sales remained strong in September despite widespread lockdowns across Australia alongside supply disruptions. According to the Federal Chamber of Automotive Industries (FCAI), 83,312 new cars were sold in September, up only 20.8% from September last year.

SEEK has released job ads data for September, which rebounded 6.0% month-on-month to be up 56.7% year-on-year.

The ABS today released trade data for August, with Australia recording its biggest ever trade surplus of $15.1 billion, up $2.4 billion on July: Exports rose $1.9 billion (4%) to $48.5 billion, whereas imports fell $0.5 billion (1%) to $33.4 billion.

NSW Health has recorded another 608 locally acquired COVID cases and seven deaths: NSW recorded 608 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night.

Australia is expected to hit the 80% first-dose vaccination mark today: As of yesterday, 79.6% of Australians aged over 16 had received one vaccine dose, and 56.9% were fully vaccinated.

Melbourne already holds the crown as the world’s most locked down city and Victoria holds the Australian record for most COVID deaths.

Research conducted by the University of New South Wales and the Australian Council of Social Service (ACOSS) contends that many people in electorates across Melbourne and western Sydney will be adversely impacted by cuts to COVID-related disaster payments.

A new report from The Australia Institute claims that casual and part-time workers made up 75% of job losses in the three months to August, a period in which Australia’s two biggest states were being impacted by COVID-19 outbreaks.

Australian Venue Co is trying to recruit 500 hospitality workers from the UK in anticipation of a shortage of hospitality staff once Australia opens up.

From Roy Morgan Research: The latest Roy Morgan employment series data shows 1.27 million Australians were unemployed in September, down 97,000 on August, for an unemployment rate of 8.7%, while under-employment was down 0.2% points to 8.0% (1.16 million).

This is how entrenched the mass immigration economic model is in Canberra despite all of the evidence against it and the population at large hating it: Australia recognized China’s Sinovac Biotech Ltd.

Today’s COVID cases fell across both Victoria and NSW, whereas Queensland recorded zero cases.