Therefore, the underemployment rate increased from 6.4 per cent to 6.6 per cent, reflecting that fewer individuals were working the desired number of hours.
However, the increase in employment was primarily driven by part-time positions, accounting for 96 per cent of the growth, while monthly hours worked saw a slight decline. See also Facebook plans to block users in Australia from sharing newsĪccording to data from the Australian Bureau of Statistics, the participation rate surged from 66.9 per cent to 67 per cent in the previous month, marking a fresh record high. However, Australian politicians from various parties have also condemned Gurner’s remarks, with some likening them to the words of a “cartoon supervillain” and highlighting the human toll of increased unemployment, including people becoming homeless and relying on food banks.Īustralia Still On The Rocks In August, Australia’s unemployment rate held steady at 3.7 per cent, while employment saw an increase of 64,900 individuals and decreased by 2,600. Under Gurner’s leadership, the group has undertaken numerous high-profile projects, solidifying its status as a significant player in the Australian real estate landscape.
The company manages an extensive portfolio valued at $9.5 billion. Gurner Group Founded by Tim Gurner in 2013, the Gurner Group plays a substantial role in the property development and management sector.
Gurner, however, refuted these claims, emphasizing his relentless hard work and diligent savings as the foundation of his entry into the property market and that his journey commenced with renovating a property acquired by his boss for $180,000 and the proceeds from its sale propelled his career in real estate. Additionally, Gurner faced allegations that his success was attributed to financial assistance from his grandfather, who purportedly loaned him $34,000 for his initial investment.
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