Energy and resources minister Josh Frydenberg that Australia’s job growth has been the strongest it has been since 2006. The extremely strong growth figures have come from the latest report from the ABS.
During 2015 the employment numbers rose by over 300,000. This figure is very close to the boom days of 2006. This is excellent news for the Australian economy.
In conjunction with job growth, the unemployment rate has come down as well. Over the last 3 months, unemployment has decreased by almost 0.5% and appears to be trending down further.
Provided that we don’t get a change in government, these trends of increasing job growth and reducing unemployment will continue and really help the economy, which is great news for property investors.
