Portfolio Media

Victoria: the only state experiencing a fall in job vacancies

13 January 2021

Victoria is the only state in Australia to suffer a fall in job vacancies in the last 12 months according to figures released today by the Australian Bureau of Statistics. Job vacancies are an important leading indicator of future jobs growth. According to the figures released today for the November...

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Victoria only state to have fewer jobs on offer

11 January 2021

Victorians are suffering the economic consequences of Labor’s second wave, with the number of job ads falling in December.  Not surprisingly, because they didn’t experience a second wave, they rose everywhere else in Australia.  According to data released today through the Commonwealth Government’s Labour Market Information Portal, job ads in...

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Jobs crisis continues to hit women and young people

17 December 2020

Today’s labour force figures released by the Australian Bureau of Statistics (ABS) show there are few signs of recovery as women and young people seeking work continue to struggle to find a job. Victoria’s overall unemployment rate remained above the national average, with Victoria’s unemployment rate at 7.1 per cent...

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Future looks grim for Victorian businesses

16 December 2020

Victorian small and medium businesses (SMBs) still hold deep concerns about the economy moving into 2021, according to the September Quarter Sensis Business Index, released today.  Victorian SMBs had the highest level of pessimism about the future of any state in Australia, with 34 per cent of SMBs saying they...

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No Christmas joy for Victorian job seekers

15 December 2020

The latest payroll jobs data released by the Australian Bureau of Statistics (ABS) shows no sign of a recovery in jobs in Victoria leading up to Christmas. The figures for the week ending 28 November show Victoria still suffering the largest decline in payroll jobs of any state or territory...

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Data shows CBD hospitality in crisis

10 December 2020

This month’s NAB Economics Data Insights report, released today, shows the depth of the economic crisis facing Melbourne’s once-thriving central business district (CBD). The data shows that the share of Melbourne’s spending on cafés, restaurants and takeaway spent in the CBD has almost halved in the last twelve months. Melbourne’s...

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Double downgrade a disaster for Victoria

07 December 2020

The news that Standard and Poor’s has downgraded Victoria’s long-held AAA credit rating is more evidence that Labor only has a plan for debt and waste.  However, it is even more sobering that Standard and Poor’s has downgraded Victoria’s credit rating down two levels, from AAA to AA, skipping over...

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Job ad numbers in Victoria still the worst

07 December 2020

Today’s job advertisement numbers have confirmed that under the Andrews Labor Government, there is less growth in new job advertisements in Victoria than any other state compared to this time last year.  The numbers, released on the Commonwealth Government’s Labour Market Information Portal, show that job advertisements have risen by just 4.5...

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Support for retail needed as Victoria continues to lag

04 December 2020

Retail trade figures for October released today by the Australian Bureau of Statistics (ABS) show that while retail in the rest of Australia has bounced back to pre-pandemic levels, retail in Victoria is still way behind due the devastating impacts of Labor’s second wave.  The October figures show that while every...

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Victoria only state still in recession

02 December 2020

Today’s national accounts figures released by the Australian Bureau of Statistics have confirmed that Victoria’s economy has continued to shrink while the rest of Australia recovers from the COVID-19 induced recession.  In the September quarter, Victoria’s economy shrunk by 1.0 per cent, while every other state and territory saw their...

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