14 May 2020 Alan Oster Podcast – Coronavirus and the economy
NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
In today’s podcast, NAB Group Chief Economist Alan Oster discusses the following:
- Job losses didn’t reach the headline figure because of a sharply lower participation rate.
- The latest unemployment figures were released this morning and while the headline unemployment rate only rose to 6.2%, almost 600,000 jobs were lost in April.
- Travel restrictions are likely to pose a big issue for tourism and international education this year. Australian universities have become rather dependent on international students and this poses a major challenge.
Listen to the full podcast now.