More than 146,000 people lost their jobs last month – but the unemployment rate still fell. It’s a reporting technicality, but doesn’t hide the reality that lockdowns in NSW, Victoria and the ACT are starting to hurt. As the nation’s vaccination rates keep climbing, a world without lockdowns, hopefully, is drawing nearer. But will the economy bounce back to normal or are we in for more tough times ahead?
Gareth Aird is Head of Australian Economics at Commonwealth Bank and shares some truly fascinating and surprising insights from the data held by our biggest bank.
See omnystudio.com/listener for privacy information.