Brief summary on an article in the physical paper "THE AUSTRALIAN" this morning.
This is how governments at all levels have been boosting jobs growth.
This could be CBA firing a warning shot across the govt's bow about what they know and the Royal Commission.
I posted a long time ago that I noticed the QLD government recruited 15,000 full time employees during the year and the full time employment went up in that year buy about the same amount.
Good article and worth reading.
Growth in Public sector cant last, CBA warns DAVIFD UREN Economics editor.
The growth in Federal and State public services is outstripping the private sector and being financed by an unsustainable increase in taxation, a CBA bank analysis finds. Aggressive recruitment of public servants drove the rapid growth in employment through 2017 with the numbers in the latter part of last year up by 9.1% from the previous year. Private sector jobs growth by contrast was just 2%.
Public sector wages were 2.4% higher than a year earlier while private sector were up 1.9%.
As a result , government running costs are rising much more rapidly than household budgets. The latest national accounts showed that government costs, not including investments, were 4.9% higher than a year earlier which was a full 2% points above the growth in household spending
