Australian (ASX) Stock Market Forum

The state of the economy at the street level

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sptrawler said:
I thought things were looking slightly better, on the jobs front, it appears the figures are starting to lift. At Last, hooray.

https://thewest.com.au/business/eco...s-with-best-growth-in-two-years-ng-b88682300z
Click to expand...

It all might be too little, too late, the building companies are feeling the pinch from the downturn.

https://thewest.com.au/business/construction/another-wa-builder-calls-trading-halt-ng-b88753291z

I hope it is just a subsidary of BGL, they are a pretty big company, by W.A standards.
 
Things are booming in qld, heaps of manufacturing management jobs, can't get a builder....house prices rising fast. Doing my head in....
 
CanOz said:
Must be a tradey....
Click to expand...

Yeh, or just an example of the way it is, I'm sure a pensioner wouldn't be so blase, or even put themselves in that position.
But hey the poor young blokes, can't break into the housing market, I really feel for them losing a $20,000 car.
 
Either it's insured or it's not their rig. Smokes and beer are consumables :)
 
One persons current experience:

"

When i went along to the job centre, i was informed very sheepishly by my case worker that the Centrelink system was changing and he gave me the leaflet with the warnings.

He also informed me I would now have to find another 8 hours work to comply with government warnings.
I'm now 63 years old and I'm lucky enough to be working 12 hours a week already.

He told me I would need to book in for a information day to have this explained to me and others!
I stated to him that I needed this information to be very clear and not like i'd need a degree to understand it.

I also said that the 3 dates the had offered me to select from for these information days were days I worked so would I need to loose a days pay to attend.
Also the nearest information day was the 18th of June, leaving me only 2 weeks before the deadline date of July 1st when the New Compliance System starts.

I also mentioned that health wise this would be pushing me as i suffer from osteoarthritis in my knees and hip.
He suggested I get a medical and apply for a disability pension!!!
I told him that I'd met someone who needed a heart transplant who was refused disability, so what hope did I have.

So, from what I've been told so far, which was also mentioned to my case worker is this New Compliance System 'could' potentially throw people to the wall and onto the streets homeless.

Unfortunately, the majority of people in Australia would agree with this new system, saying unemployment 'benefits' are for bludgers.

The government (all streams) and media has convinced all this is the case.

All members of parliament earn massive amounts of Tax payers dollars to do nothing, with absolutely no concern for anyone but themselves.

Will keep you posted.... "
 
explod said:
The government (all streams) and media has convinced all this is the case.
Click to expand...
They haven’t convinced me that’s for sure.

I am more than happy for my taxes to be spent on providing assistance to those who for whatever reason find themselves in genuine need.

What I do object to however is my taxes being used to assist those not in genuine need. That is particularly so when they are listed on an exchange other than the ASX.
 
Well after getting back from a holiday, to the U.K and France, I can say it is looking pretty good.
They seem to be bubbling along fine, from my pleb i side view, I would say their interest rates will be going up soon.
Just my opinion.
 
The economy cant be doing too bad, apparently we gambled away $24billion in the last 12 months, mainly on the pokies.
Add to that the amount spent on cigarettes and booze, we must be doing just fine. Lol
 
SirRumpole said:
The fastest growing sectors appear to be in health, education, disability and aged care, notably sectors that are primarily government funded.

We just have to hope that the business sector does it's bit as well to generate the revenue to pay for the public sector.

http://www.abc.net.au/news/2018-04-...on-new-jobs-since-2013-where-are-they/9597470
Click to expand...

Yes there are a lot of new jobs happening in remote W.A, but getting people to work there becomes an issue, people would rather be in the Southern Cities, even if that means welfare.
https://thewest.com.au/business/min...r-expansion-to-create-1200-jobs-ng-b88976954z

Oh well I guess Bill's first job in office, will be cranking up the 457 visa's, again. :xyxthumbs
 
I can’t relate this to the past, having only recently moved from Tas to SA, but most things I’ve encountered seem busy so far as business is concerned.

Getting someone to come and quote on work or delivery of something that’s already in stock seems to be “week after next” for just about anything. Nobody I’ve dealt with seems to be short of work.
 
sptrawler said:
Yes there are a lot of new jobs happening in remote W.A, but getting people to work there becomes an issue, people would rather be in the Southern Cities, even if that means welfare.
https://thewest.com.au/business/min...r-expansion-to-create-1200-jobs-ng-b88976954z
Click to expand...

Here is another example of the difficulty, getting people into country W.A

http://www.abc.net.au/news/2018-10-...ompanies-warn-against-population-cap/10329120

I would love to know how many young people are in Perth, on job start allowance.
 
It's been that way for a decade or more. Anyone who really wants to work will find a job.
Welfare is an excuse for people to be long term unemployed. And yet we have idiots in the business community who think cutting weekend wages will make a difference.
 
PZ99 said:
It's been that way for a decade or more. Anyone who really wants to work will find a job.
Welfare is an excuse for people to be long term unemployed. And yet we have idiots in the business community who think cutting weekend wages will make a difference.
Click to expand...

My daughter in law, works in the office for a road maintenance company in Kalgoorlie, they can't get lollipop people to man the stop/go signs. lol
Another close family member, works for a recruitment company in Perth, he had to get 10 sheet metal workers ASAP. Found them organised them to turn up for their medicals, eight failed the drug test. lol
Yep this is the clever country, the next thing we will hear, is everyone complaining because jobs are being given to 457 visa workers.
I worked shift work most of my working life, so weekend work never bothered me.
Actually my wife was an RN and only worked weekends, it paid as well as working five days during the week, it is a shame that is changing.
 
What I'm finding interesting ATM, is everyone is concerned about those on welfare, and none are concerned about how to reduce it or fund it.
It is really weird, it rates as high as global warming, #metoo, and no one mentions how to reduce it, just how can we fund it.
It is as though everyone knows there is an elephant in the room, and they are trying to work out ways of feeding it.
 

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