July 16, 2020
COSBOA says Australians can take direct action to keep people in jobs by
GOING LOCAL FIRST
Unemployment rate ‘deeply concerning’ but jobs can be saved if Australians support small business.
Australians will be able to directly support keeping people in work by choosing to buy from small businesses in their area, Council of Small Business Organisations Australia (COSBOA) chief executive Peter Strong said, following the release of Australian Bureau of Statistics data today that showed the unemployment rate hit 7.4% in June.
“The job losses that hit the headlines are from big companies. But small businesses are doing it extremely tough too, and they account for one-third of the economy,” Mr Strong said.
“The unemployment rate is deeply concerning. But we can take action to support the recovery.
“If you GO LOCAL FIRST and support small business, you will be directly contributing to saving jobs at the local stores and service providers you know and love. This will help them to survive and continue to serve their communities.”
The easing of coronavirus restrictions in June saw 280,000 back in the workforce according to ABS data, a welcome development. Full-time employment fell by just over 38,000 people, but this was offset by a big increase in part-time employment for 249,000 people.
However, unemployment – people out of work – increased by 69,300 to 992,300, putting the unemployment rate at its highest level in more than 20 years, at 7.4%.
“This level of unemployment is a huge challenge for workers and also for businesses who rely on customers coming in the door,” Mr Strong said. “Choosing to support small businesses can help arrest this rising level of joblessness.”
With the support of the Morrison government, COSBOA has launched GO LOCAL FIRST, a six month campaign urging Australians to choose to buy with small, local businesses and support the national economic recovery.
Before the pandemic struck around 6 million Australians were employed by small businesses. Research by C|T Group for COSBOA has shown three in four small businesses have experienced revenue declines.
The research found that more than a third (37%) of Australians have said they’ve increased spending at small businesses, but fewer than 1 in 10 said it was a significant increase.
“There’s no community without small business,” Mr Strong said. “Choosing to GO LOCAL FIRST means you can directly contribute to helping to keep people in your community in work.”
Information and resources on how to support small businesses can be found at www.golocalfirst.com.au.