- 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
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