The pandemic resulted in a significant 11.5% increase in families without an employed person between June 2019 and June 2020. Notably, this is larger than the annual increases witnessed in the economic downturns of 1982 (9.9%) and 1992 (9%).
Other findings are listed below-
The families with dependants have a lower level of joblessness than older families The extent of job losses resulted in a larger annual increase in the number of jobless families with dependants (17%)
2 million families existed in June 2020, up by 1.1 million since 2010
1 in 7 families were single-parent families
For single-parent families with dependants, ~ 1 in 3 were jobless families
Of the 6.1 million couples in June 2020, 1.4% were same-sex couples, up from 0.6% since 2010
* Homeco Daily Needs REIT Gets An IPO Of $300 Million
Home Consortium (ASX:HMC) and HMC Funds Management Limited have registered a Product Disclosure Statement with ASIC for the creation of HomeCo Daily Needs REIT and entered into an underwritten agreement related to an offer of new ordinary units to raise $300 million.
* Coventry Group Sales Increase by 7.7% In Q1FY21
Coventry Group Ltd (ASX: CYG) reported group sales of $68.3 million for Q1FY21, up by 7.7% on PCP with minimal impact of coronavirus and government restrictions and NZ lockdown being the only exception. Some of the highlights included: Group’s sales for Fluid Systems segment rose by 12.7% on PCP in Q1FY21 led by strong value proposition, activity in key market sectors, and diversification into new markets.
