The boom in Aussie jobs growth is poised to continue.
And that’s great for our economy and the property markets.
Jobs vacancies really are booming now, up to a seasonally adjusted 203,700.
Vacancies are by +15.4 per cent year-on-year, and now sit at the highest level on record.
Overall, really strong numbers here, suggesting that the present rate of employment growth – at about +325,000 over the year to August – will continue over the year ahead.
Jobs vacancies tend to be a decent indicator of what’s to come, at least in the immediate future, and with vacancies now approaching 1.6 per cent of the labour force, an improvement in the unemployment rate looks like a shoo-in.
Reduced mortgage stress should therefore also follow over the year ahead as the unemployment rate falls and wages rise.
Very much an upbeat data release for Australia.
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
NEED HELP LISTENING TO MICHAEL YARDNEY'S PODCAST FROM YOUR PHONE OR TABLET?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.