Consumer Confidence and Spending Fueling Australian Jobs

Full-time jobs in Australia soared by 59,000 positions in January 2021, lowering the unemployment rate to 6.4 percent. The economy has now recovered all except 59,000 jobs in Australia that were lost because of the pandemic lockdowns. Employers in Australia have been encouraged to hire workers as consumer confidence climbs and Australians increase spending. The central bank forecasts that the Australian economy will expand 3.5% during 2021 and also 3.5% during 2022. To read more, click here!