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COVID shutdown destroys tourism & hospitality jobs

8 days ago   |   By

Callam Pickering, an economist at a global jobs site - Indeed, has provided a prompt update on the job listings in Australia. This points to an uneven labour market recovery.
This data is “based on publicly available information on the Indeed Australia website” and measures “the percentage change in seasonally-adjusted job postings since February 1 2020, using a seven-day trailing average”, with February 1 considered the pre-COVID baseline. The data is aimed at providing a “real-time measure of labour market activity”.
Between mid-March until late April, job postings dropped by half. Job...
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Goldman's global stock chief breaks down how the COVID-19 recovery is likely to be different to the cycle after the financial crisis

Goldman's global stock chief breaks down how the COVID-19 recovery is likely to be different to the cycle after the financial crisis

8 days ago   |   By

Peter C. Oppenheimer.
Courtesy photo
Peter Oppenheimer compares the swift COVID-19 bear market recovery to the financial crisis.
He says monetary support and fiscal expansion will likely to make this investment cycle different.
A strong synchronized economic rebound with a more reflationary dynamic is more likely, he writes.
Visit the Business section of Insider for more stories .
Last year was, by any measure, extraordinary. The collapse in economic activity around the world has resulted in some of the deepest recessions for decades - in the case of the UK, the deepest annual fall in GDP...
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