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The-Head

17,733 Posts.

17/02/23

15:02

Post #: 66313523
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Originally posted by oldbull26: ↑

Unemployment is much less than that of the last months of LNP. Forecasts were that it would hit close to 5% by now.

The unemployment rate needs to be around 4% to create a pool. Otherwise business has to offer a premium wage to attract staff. Imagine being a business owner and having just one person submit a job application. If that person is not a dead beat then you need to be offering a damn good wage. Remember when the jobless rate was under 3%. Signs in every window "STAFF WANTED" Restaurants were closing because they couldn't get staff.

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I guess the flip side is when good paying regional jobs have 200 plus applicants. Swings and roundabouts.
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