Australia Has Never Had So Many Jobs
  • 14 October 2018

Australia Has Never Had So Many Jobs

Well, not many people should be left wanting for a job at the moment, as according to the Australian Bureau of Statistics (ABS), total vacancies rose by 3.4% to 240,900 in trend terms, leaving openings at the highest level on record.

Over the past year, openings reported by businesses surged by 19.3%. That was primarily driven by the private sector where vacancies surged by 20.3%.

Coupled with a decline in unemployment over the same period, this indicates that labour market conditions are tightening, a necessity when it comes to building wage pressures.

As has been reported for a while now, wage growth has been very low for a while now, so with these factors, providing:

  • Job vacancies increasing
  • Unemployment declining

therefore with the labour market conditions tightening, wage growth should slowly start to increase.

This would be good for cost of living pressures to ease, as well as therefore giving a good solid platform under our property markets, where rents are realistic and achievable!


Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!

https://www.propertyclub.com.au/contact-us/

Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!


Have a great weekend and catch you next week!

Warm Regards,

Troy

Related Posts

Western Australia Holds Its Crown, Queensland Closes In

Western Australia Holds Its Crown, Queensland Closes In

Western Australia has held off a surging Queensland to once again claim the title of Australia’s best-performing economy, according to the latest CommSec State of the States Report. For the second quarter in a row—and only the second time in a decade—WA leads the nation, topping five of eight key economic...

Economic Headwinds Not As Bad As Feared for Property: Insights from Clifford Bennett

Economic Headwinds Not As Bad As Feared for Property: Insights from Clifford Bennett

In this timely video update, economist Clifford Bennett provides a snapshot of Australia’s economic and property market conditions, delivering his analysis from the heart of Sydney. Highlighting key indicators like rising global oil prices, the likelihood of interest rate cuts by the Reserve Bank, and the immense...

Make Your Property Move Before the New Year Rush

Make Your Property Move Before the New Year Rush

When December rolls around, it’s all too easy to let your property investment goals take a backseat. The allure of holidays, festive gatherings, and a ‘fresh start next year’ mentality can be tempting. But here’s a little-known secret: the quieter end-of-year market is brimming with opportunity for those ready to...

Become a Member Today!

Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.