Ensure you never miss an issue of the
real estate business bulletin
New report predicts drop in unemployment

New report predicts drop in unemployment

by Reporter 0 comments

Australia’s unemployment rate will peak at 7.5 per cent rather than 8.5 per cent, Access Economics’ new Business Outlook report has found.

According to the report, released today, Australia is through the worst of the global financial crisis, which means unemployment should not rise to the high levels predicted six months ago.

The government is still forecasting a shrinking economy, but Access said the economy will grow slightly this financial year.

The report also predicted historically low interest rates would begin to rise again late next year.

''In brief, Australia has been dodging global bullets thanks to a combination of fancy footwork and lots of luck. But some of the fancy footwork won't help as much from here cash handouts are dropping to a trickle, and the Reserve Bank will do little further from here,” the report said.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
New report predicts drop in unemployment
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?