Portfolio Media

Victorian business confidence down again

28 January 2021

Data released today by NAB has confirmed that business confidence has continued to deteriorate under Daniel Andrews and Labor. The NAB Monthly Business Survey for December 2020 showed that Victoria had the largest fall in business confidence of any Australian state, down 15 points. Falling business confidence means fewer businesses...

read more

Pallas quiet with more bad economic news for Victoria

27 January 2021

New economic data released today shows Victoria's economy continues to lag behind most of the rest of Australia. Data from CommSec's State of the States report shows that in the September 2020 quarter Victoria was dead last for retail spending and wages growth. Victoria was also the only state where...

read more

Youth still let down by Labor

21 January 2021

Victoria’s youth unemployment rate remains high at 14.8 per cent, according to today’s labour force figures released by the Australian Bureau of Statistics (ABS). Our state is struggling to keep up with the rest of the country, with a youth participation rate of just 66.7 per cent.  In comparison, the...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more