So almost all jobs growth is due to non-market roles.
>Employment growth far exceeded market expectations of 25,200 more jobs, but analysis by The Australian showed 82.2 per cent of the 46 million additional hours worked in the September quarter were in “non-market” sectors covering the public service, education, and healthcare, threatening to drive productivity lower still.
Interesting dynamic, increasing public service staffing will delay any rate cuts that could impact the government’s electibility next year. Albanese was banking on a rate cut to improve his chances.
Those ALP state premiers borrowing hand over foot to stimulate may very well cost an ALP Prime Minister re-election.
coasteraz on
Albanese and Chalmers need to revisit the Serenity Prayer: “accept the things you cannot change.”
Glum-Assistance-7221 on
Albo has cooked it again. The diminishing productivity is alarming, that will be the next hole the next government will need to crawl out of.
Express-Ad-5478 on
I mean it’s self inflicted. There almost entirely gov created jobs. They are creating the conditions which mean a rate cut can’t be implemented and are then gonna cry about it. Ridiculous stuff.
Dawnshot_ on
Paywall
Don’t you hate it when too many people are employed. I love economics
5 Comments
So almost all jobs growth is due to non-market roles.
>Employment growth far exceeded market expectations of 25,200 more jobs, but analysis by The Australian showed 82.2 per cent of the 46 million additional hours worked in the September quarter were in “non-market” sectors covering the public service, education, and healthcare, threatening to drive productivity lower still.
Interesting dynamic, increasing public service staffing will delay any rate cuts that could impact the government’s electibility next year. Albanese was banking on a rate cut to improve his chances.
Those ALP state premiers borrowing hand over foot to stimulate may very well cost an ALP Prime Minister re-election.
Albanese and Chalmers need to revisit the Serenity Prayer: “accept the things you cannot change.”
Albo has cooked it again. The diminishing productivity is alarming, that will be the next hole the next government will need to crawl out of.
I mean it’s self inflicted. There almost entirely gov created jobs. They are creating the conditions which mean a rate cut can’t be implemented and are then gonna cry about it. Ridiculous stuff.
Paywall
Don’t you hate it when too many people are employed. I love economics