Strong Economy & Continued Growth: (We’re Still Growing !)

A recent report (Daily FX) stated that the record trade surplus accompanied by the pick up in business sentiment may generate another “better-than-expected” employment result.  This positive development may spark a bullish reaction in the $A as it boosts the outlook for growth and inflation. Australia added another 13.5K jobs in December following 38.3K jobs expansion in the month prior. These rises were made up of 9.3K full time roles and 4.2K part time positions As December/January are our lowest employment months, we can expect continued growth as we move into the year ahead. The jobless rate is still at 5.8% and when you consider that over 3% are unemployable, we are still up there on the World scale. And where are these jobs?  What sectors are expanding? Which ones are contracting? A Senior Manager in the Recruitment Sector recently reported on the overall positive growth across all Sectors: Specifically: Up 19% Child Care; Aged Care: Disability Care (these are obvious sectors) Communications; Up 14% Hospitality/Waiting Staff/Baristas; Professionals such as : nurses, Accountants, Teachers, IT Providers & Software Programmers Up 9.3% Sales, Real Estate, Cashiers, Pharmacy workers However the sectors expected to see job losses aside from mining, manufacturing and agribusiness include: Down from 18% in 1990 – 14% in 2015 (of total workforce) Clerical, General Accounts and book keeping, Credit Control, Data Entry/Management and Reception. [...]