With no 'snap-back' in sight, leaders in construction and tourism are warning of swathes of further job losses after JobKeeper expires at the end of September.
it might be unwise for so much support to end so suddenly.
New data from the Australian Bureau of Statistics detailed the extent to which the economy had been hit by the coronavirus sledgehammer.An astonishing 72 per cent of businesses had less income because of COVID-19. Only a tiny fraction — 7 per cent — had seen a windfall, with the remainder staying the same.
"There's absolutely no chance at all that the industry will be able to snap back and be as normal when JobKeeper ceases in September," she said. By last November, 1.5 million visitors from China had travelled in a single year. Notably, China makes up $12.3 billion in annual tourism spending in Australia — one-third — bumped up by the 275,000 Chinese students studying in Australia.
"We know from our modelling that every job in building and construction creates three to four jobs in the rest of the economy and we certainly don't want to see more people unemployed over the next 12 months," she said. "We're the second-largest industry by GDP [gross domestic product], we employ 1.2 million people, we employ more full-time workers than in any other industry and we have more small businesses than any other industry," she said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSW govt met with backlash over public sector pay freeze | Sky News AustraliaThe New South Wales government is trying to win support for its public sector pay-rise freeze. \n\nThe decision – which would see 400,000 public servants go without a pay-rise for 12 months - was met with a wave of criticism when announced on Wednesday. \n\nNSW Opposition leader Jodi McKay said the move would be a “punch in the guts” for those who worked on the frontline throughout the COVID-19 pandemic. \n\nState Treasurer Dominic Perrottet said the move was vital if New South Wales was to save current jobs in the public sector and create new jobs in the private sector. \n\nThe move, if successful, would come with the guarantee there would be no forced redundancies in the public sector other than senior executives. \n\nThe proposal, which would save an estimated $3 billion, will be reliant on support in the Upper House.
Read more »
September start for Australia-NZ travel bubble 'realistic', Jacinda Ardern saysTourism between Australia and New Zealand could be up and running by September under a 'realistic' time frame supported by the Kiwi prime minister.
Read more »
Live: New Zealand goes five days without a new case, trans-Tasman travel targetedNew Zealand's last coronavirus patient leaves hospital and the country has gone five days without a new case, as a taskforce turns its attention to reopening travel with Australia. Follow live.
Read more »
RBA governor says JobKeeper scheme may need to be extendedThe Federal Government&x27;s JobKeeper scheme may need to be extended beyond its initial six-month period, the head of the Reserve Bank of Australia has said.
Read more »
Hundreds of jobs at risk as News Corp turns community newspapers 'digital only'The bulk of News Corp's regional and suburban community papers will go digital under a restructure that could lead to the loss of hundreds of jobs.
Read more »
Jobs to go as News Corp makes digital pushNews Corp Australia has announced the bulk of its regional and suburban community papers across the country will go digital only from June 29, putting hundreds of jobs on the line.
Read more »