Labour Market For August | Hours Worked Fall Again Only Part Time Jobs Created

Labour Market Hours Worked Are The Key Number for Property Investors

Labour Market figures show hours worked are down and wages rises not keeping pace with inflation. Property investors need to take notice of these numbers as they show the importance of have blue chip long term tenants.

Unemployment eases to 5.6 per cent, but full-time jobs lost – ABC News (Australian Broadcasting Corporation)

Key points:

Unemployment falls to 5.6pc in July after June figure revised up to 5.7pc
27,900 jobs were added to the economy last month: an increase of 48,200 in part-time, a fall of 20,300 full-time jobs
The proportion of the population in employment is the highest since April 2013 Via abc.net.au

 

labour market 2017

Labour Market Statistics by state

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Unemployment eases to 5.6 per cent, but full-time jobs lost – ABC News (Australian Broadcasting Corporation)

TD Securities chief Asia-Pacific strategist Annette Beacher said the trend towards full-time jobs (up to the latest sector data from May) had been concentrated in some boom industries.

“The acceleration in full-time jobs has been skewed towards professionals, construction and health, while part-time jobs tend to be skewed towards retail and health,” she noted.

While employment is still rising, and unemployment steady, Citi’s economics team said that is not feeding through to higher wage rises.

Separate ABS data released today showed average weekly wages grew just 1.6 per cent — below the rate of inflation at 1.9 per cent.

“After inflation, this data implies negative real wages growth and so supports the view of ongoing below trend household consumption growth,” the analysts wrote. Via abc.net.au

Why Property Investors Need To Examine The Labour Market!

Apart from the obvious that if tenants don’t have jobs they can’t pay rent the labour market determines the amount of worry you have with an investment property. A MAcH 10 long term lease means your property is worry free. Your rent will be paid by a Tier one registered housing provider fully audited by the commonwealth government.

Not just a “rental guarantee” registered housing providers are experts at managing people and a MAcH 10 lease is specifically aimed at key workers. That is providing affordable housing to the people who make our communities work, Police, Nurses, Firemen and the other workers that support them.

For more information about how a MAcH 10 lease can protect your retirement planning goals fill out the form below.

 

 

 

Summary
Unemployment eases to 5.6 per cent, but full-time jobs lost
Article Name
Unemployment eases to 5.6 per cent, but full-time jobs lost
Description
The labour market looks good on the surface but hours worked are down .8% and wages growth is not keeping pace with inflation.
Author
Publisher Name
ABC
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