Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
many people use mortgage redraw/offset accounts as a 'tax beneficial' way of 'earning' interest through the ofsetting mechanism.
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Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
My employer (engineering consultancy) announced second lot of redundancies today and all pay rises and promotions suspended
Miners not spending State Govts not spending Federal Govt. not spending Consultancies, contractors and suppliers going to have a tough couple of years |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by bingobob777
(Post 10425223)
My employer (engineering consultancy) announced second lot of redundancies today and all pay rises and promotions suspended
Miners not spending State Govts not spending Federal Govt. not spending Consultancies, contractors and suppliers going to have a tough couple of years Facts are cool. |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by bingobob777
(Post 10425223)
My employer (engineering consultancy) announced second lot of redundancies today and all pay rises and promotions suspended
Miners not spending State Govts not spending Federal Govt. not spending Consultancies, contractors and suppliers going to have a tough couple of years From what I understand Queensland certainly isnt spending, the opposite in fact and I'm not sure if NSW have any money to spend. |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by bingobob777
(Post 10425223)
My employer (engineering consultancy) announced second lot of redundancies today and all pay rises and promotions suspended
Miners not spending State Govts not spending Federal Govt. not spending Consultancies, contractors and suppliers going to have a tough couple of years |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by Fran_L
(Post 10419367)
Indeed. 13,900 more jobs were created in Australia last month and the unemployment rate dropped to 5.2%. Surely that's positive?!
Roy Morgan poll puts the real unemployment rate at 10% Unemployment 10% - highest since January 2012 Now that's not so positive! |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
No-one believes 5.2%.
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Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
10% if you can trust Roy Morgan Research...
Didn't they dismiss 56 casual and temporary staff by email due to low staffing demand in 2008? Not really helping the unemployment rate themselves... Anyway, that's neither here nor there. In comparison with the unemployment rates in Greece, Spain and Portugal, I think Australia's doing ok... Take a look at these reports on global unemployment statistics: http://bit.ly/RkKIF9 and http://1.usa.gov/TP2yPD |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by Fran_L
(Post 10425578)
In comparison with the unemployment rates in Greece, Spain and Portugal, I think Australia's doing ok... Take a look at these statistics for global unemployment statistics: http://bit.ly/RkKIF9 and http://1.usa.gov/TP2yPD |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by chris955
(Post 10425563)
No-one believes 5.2%.
What is it in the UK? |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Who knows ?
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Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by TKline
(Post 10425523)
5.2% if you can trust the ABS data.
Roy Morgan poll puts the real unemployment rate at 10% Unemployment 10% - highest since January 2012 Now that's not so positive! The beauty of official figures, be they unemployment, inflation, growth etc, is that they are 'official' and not some asshole's opinion - which is basically worthless. |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by chris955
(Post 10425627)
Who knows ?
Is 'real' unemployment higher or lower in Australia? Is 'real' unemployment higher or lower in the UK? |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
According to the Office for National Statistics, the unemployment rate for Q3 in 2012 was 7.8%, which is evidently worse than Australia's official reading of 5.2%. This explains why Australia is the country with the most British expats, according to the fifth annual edition of the NatWest International Personal Banking Quality of Life Index. (1.4 million of nearly 5 million living overseas.)
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Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by Fran_L
(Post 10425638)
According to the Office for National Statistics, the unemployment rate for Q3 in 2012 was 7.8%, which is evidently worse than Australia's official reading of 5.2%. This explains why Australia is the country with the most British expats, according to the fifth annual edition of the NatWest International Personal Banking Quality of Life Index. (1.4 million of nearly 5 million living overseas.)
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