Full Time employment – experiencing a comeback
Regarding full time employment, did you read the article by Peter Switzer headlined “forgive this media for they know not what they do”? In recent times I have been talking about the positive future for Australia in general and the Central Highlands in particular. Yet the media in Australia are going out of their way to focus on the negative and ignore the positive. Media outlets and their employees rely on advertising to pay their way. It makes no sense to create false headlines that undermine confidence. This only contributes to an economic downturn that hurts the businesses that pay for advertising. They shoot themselves in the foot.
Facts to dispute their negativity
Let’s take Australia in general. Last week’s figures showed Australia experienced the biggest full-time employment gains in 29 years! CBA Senior Economist, Gareth Aird said: “We are seeing a trend of about three or four months showing that this comeback for full-time jobs is for real.” Craig James from CommSec said, “Some people had fretted that there was a lack of full-time jobs. Others said that they wanted to work more hours but the offers weren’t there. Well in the space of a couple of months, those concerns have been knocked on their heads. Over the past two months, 115,400 full-time jobs have been created – the biggest back-to-back job gain in 29 years (since January 1988). And annual growth in the number of hours worked is the strongest for over seven years.”
The figures
Employment rose by 14,000 in June, after rising by 38,000 in May.- Full-time jobs rose by 62,000, while part-time jobs fell by 48,000.
- Full-time jobs lifted by 115,400 positions in the past two months – the strongest back-to-back job gain in 29 years.
- Hours worked rose by 0.5% in June and were up by 3.3% over the year — the strongest annual growth for over six years.
What’s not to like about that? Whining and being negative when the economic data tells a different story; doesn’t make sense.
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What about the Central Highlands?
Farmers are doing well and taking the opportunity of good seasons to build off farm residential property portfolios. Confidence is back with employees in the mining industry. Many have lost equity in their local homes, so are now having my office set up Self Managed Super Funds to build a Residential Property Portfolio. Steve Taylor Are you ready to improve your financial security with a property portfolio in a Self Managed Super Fund (SMSF), contact Estelle at the office to make a time with Steve to discuss your needs? There is no cost and no obligation.
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At the helm of Steve Taylor & Partners, Steve has been delivering expert advice and product knowledge to clients for over 30 years. We provide individuals, couples and families with the right strategies to create wealth and change their lives with solid bricks and mortar.
DISCLAIMER Steve Taylor & Partners blog is opinion and not advice. Readers should seek their own professional advice on the above subject. The figures stated in this article were accurate at the time of publication. For up to date figures, please contact our office.
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