National News

Federal Treasurer Josh Frydenberg with Kevin Hogan. Image: Contributed

Australia’s economic recovery continues to boom

Federal Member for Page Kevin Hogan has welcomed the latest Australian job and economic figures.

“The unemployment rate has dropped from 7.5 per cent at its peak to 5.6 per cent in March, as the economy added a further 70,700 jobs last month alone,” Mr Hogan said. “This marks the sixth consecutive monthly rise in employment – a fantastic result.” “New data released from Seek also shows job advertisements are at the highest level in the company’s 23-year history.”

“In further good news, consumer confidence has hit a 12-year high, with the Westpac-Melbourne Institute index jumping 6.2 per cent to 118.8 in April.” “We have more to do but there is no country in the world you would rather be on both a health and economic front right now.” “These are great new figures. I thank all businesses who have kept trading, employed staff, and remained optimistic. These results show that the government stimulus programs have worked.”

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