commonwealth

i see more ongoing construction projects today compared to last year. and the barangaroo precinct is now starting big scale construction. the sydney convention precinct will be closed for reconstruction. i see holes being dug up for apartment towers, 2 stations away from our suburbs. and it's all pre-sold.

but thats just my observation.

steve`o

http://www.abc.net.au/news/2012-08-1...d-jobs/4200352

http://www.abc.net.au/news/topic/bui...d-construction

dont get me wrong anything been built is good but compared to just 3 or 4 years ago its dismal

commonwealth

well. but my previously unemployed friends have found perm jobs and we're busy with new deals in the office. and i'm getting mote calls from recruiters about openings.

Pit Bull.

Yeah we should believe you and yer mate, instead of the economists, it's them that predicted the 3% growth not me, your making yourself look like an angry idiot, get yer facts right fella before issuing the personal attacks.

Mr Grumpy

There are winners and losers in all economies. I work in the Transport industry and during the Howard years that industry was dead in this country, now that Labor is helping to fund many transport programmes around the country there is plenty of work in my field.

However if you are in something like retail shopping, then you're screwed.

commonwealth

precisely. one sector is not an indication of the whole country's economy.

retailers in Aus are suffering but the sale of SUVs has reached record highs. and saving account balances are growing. what does that mean?

Pit Bull.

Yeah but, out of the 11 million people employed in Australia, over 10 million work in the mines, or so we are led to believe, so if the mining struggles so does everywhere.

commonwealth

more than 3/4 of the aust economy is represented by the services industry.

even sydney's economy is bigger than the australian mining industry

bingobob777

yeh but the services industry is fecked as well.

it's like the UK but 5-6 years behind

people think they're rich because their house goes up in value, start spunking money on clothes, hairdos and new nails. On every street corner hairdressers and nail salons pop up.

fast forward 5 years, people still need to pay their mortgage, their wages have stopped rising and there's no more equity left in the house.

so they stop buying shoes, haircuts and new nails. Then they all realise that having to pay 50% more for a house than 10 years ago probably isn't a good idea, but by then it's too late, if house prices were to fall they would be even more fu**ed.

hence 10 years of stagflation.

coming to the whole westernised world. Japan are 20+ years in, the UK 6-7 years. Australia just had a much, much lower starting point to build from

and why is people cutting each others hair any better an economy than people selling financial products? Neither are really needed?

LINZI

All I know is the shit has hit the fan at hubbys work laying off people left right and center and hubby is scared for his job for the first time in 7 years Mackay/Maitand mining company.

I was talking to one of the parents tonight and he was saying alot of young blokes had work contracts and had bought houses and now have been laid off also there was 20 hours of overtime on offer now nothing he did say should pick up around may time again

I am hoping hubbys job is ok but if not we may have to move to where the work is

commonwealth

imaginations . . .

Amazulu

over 10 million work in the mines[/QUOTE]

50 million

steve`o

i think you`ll find that that's a government prediction
and havnt they been so right lately

what was it last years prediction
the balance of spending back in the black by 2012

currently
Australia reported a current account deficit equivalent to 11801 Million AUD in the second quarter of 2012.

wow they are so accurate

when i said you were living in la la land i was spot on if you take that as a personal attack perhaps you need to grow up that or keep out of the adult conversations

Steve

Pit Bull.

Chill out pussy boy, you sound like a stress head.

steve`o

where do you get 10 million from

wtf ? mining represents about 7% of turnover in au less is terms of employment

try about a quarter of a million
http://www.miningcareers.com/working...erals_industry





you don't do the statistics and predictions for the au government do you ?

steve