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Boom! NSW adds 25% more jobs in six months than the rest of the nation combined!; No wonder house prices are going through the roof!
Topic Started: 31 Aug 2015, 09:29 AM (1,144 Views)
Danno
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No wonder house prices are going through the roof!

http://www.smh.com.au/nsw/nsw-adds-more-jobs-in-six-months-than-the-rest-of-the-nation-combined-20150816-gj088g.html

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ANZ's co-head of Australian economics, Cherelle​ Murphy, said Australia's biggest state economy had a lot of things going for it.

"The ducks are all lining up for NSW," she said. "And I don't think that's going to all turn around quickly; this trend seems fairly well entrenched."

Even the outlook for business investment – a major concern in some parts of the country – was looking comparatively good in NSW, Ms Murphy said.

Research by ANZ shows that employment growth in NSW over the past five years has been driven by four powerhouse service industries: health, education, hospitality and professional services.

"About 75 per cent of total jobs in NSW have come from those four sectors," Ms Murphy said.

A recent State of the States report by stockbroker CommSec showed NSW had consolidated its position as the nation's strongest-performing economy.
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The Whole Truth
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The ducks are usually lined up to be shot.
Blatant property rant
Yawn :z:
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Admin
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Quote:
 
Job ads biggest jump in 15 months: Pete Wargent

7 October 2015

Last week the ABS Job Vacancies series recorded New South Wales vacancies at an all-time high driven by positions in the services sector, which bodes well for Sydney employment growth.

Indeed, Sydney's economic dials have all been switched to hot for a long time now.

ANZ released its job advertisements data for September which showed a seasonally adjusted +3.9% jump following on from a +1.3% lift in August.

This was the strongest monthly gain in 15 months and the trend estimate has now been rising since November 2013.

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ANZ noted that the series now appears to be stronger than had previously been thought, and that the economy seems to be adjusting relatively well to the decline in mining investment.

In other news the FCAI reported that an all-time record 1,143,104 new motor vehicle vehicles for the year to September after a +6.8 per cent year-on-year jump in the month.

With the services PMI gauge also recording a fourth month of expansion for the first time since March 2008 (following on from a 7 year high reading last month), interest rates will be left on hold this week

Read more: http://www.propertyobserver.com.au/pete-wargent/46778-job-ads-biggest-jump-in-15-months-pete-wargent.html
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PropsToYoMaMa
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Do the job ads give a break down of the industry that the ads appear in?
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DragonGM
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On the other end of the spectrum, Tasmania lost 1,400 jobs. Not a good sign for their economy or real estate prices. It is a shame, because it is such a beautiful place - if only you could have a career there.
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Terry
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Total fluff from an analytical POV. We want to to know that quality of those jobs. In the health, education, hospitality and professional services industries, it's a mixed bag from cleaners and cleaning old people through to data mining experts.
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