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Date Posted11/10/2016

Construction Jobs Growth Helps Offset Job Losses

construction site

Source: www.designbuild-network.com

According to a recent AAP survey of 15 economists, the unemployment rate is expected to rise slightly as slowing jobs growth fails to keep up with population growth.

In July the number of Australians with jobs rose by 10,000 but the unemployment rate is also expected to rise, according to Commonwealth Bank’s John Peters.

There is however some light at the end of the tunnel, as economists say the boom in the housing sector is keeping the unemployment rate steady and offsetting job losses in other sectors.

See more at: SkyNews.com.au

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