If you’re not having trouble hiring staff, you should be. The demand or labour is reaching new heights. The job advertisement graph below shows the situation for all occupations across Australia. It is not only the level that is significant but also the rate of increase.
So many economic indicators are positive at the moment: demand for labour, consumer confidence, investor sentiment (as per ASX) and property prices (not good if you’re buying).
2021 is turning into an extraordinary year, almost as extraordinary as 2020. It is even more extraordinary when you consider the negative economic effects of the state of immigration and international tourism.
While inflation is within the RBA’s target range, the current trends should be able to continue.