If we ask people what they think job opportunities will be like in a years time - It gives you a sense of confidence in the overall labour market. That's still very negative right now
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Worryingly - personal job security is viewed as being worse right now than the GFC. Outside of COVID, its at its worst place since 2005 - which is when this question started to be asked.
If people aren't confident in their employment, they don't spend. Business don't invest if there isn't demand. If government isn't investing this compounds the problem. Round and round we go - hoping for interest rate cuts to come to our rescue. There is no plan - just hope
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https://library.westpaciq.com.au/content/dam/public/westpaciq/secure/economics/documents/nz/2024/06/Confidence-Surveys_250624-Q2-Employment-confidence_report_25Jun24.pdf
Unfortunately, it's to accelerate wealth transfer and accumulation to the very rich and expand and entrench inequality.