1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Australia's labour market comparatively positive

March 12, 2012

The Global Financial Crisis spurred an atmosphere of uncertainty for many industries in Australia.

However, the country continues to fare much better than other economies from around the world, and has even posted improvement in a few key areas.

The strength of the nation's resource sector and a commitment to innovation has inspired commercial property investment and created confidence in certain areas.

Labour figures released last week (March 8) by the Australian Bureau of Statistics revealed the unemployment rate has risen slightly, but is comparatively positive to the rest of the world. 

Minister for employment and workplace relations, financial services and superannuation Bill Shorten explained how the volatility of other foreign markets, especially Europe's, put pressure on the nation's domestic labour market, but Australia would continue on with its effective strategy.

He said: "The Australian economy, however, is built on strong fundamentals, with low debt and low unemployment and the government has a proven track record of dealing with global instability during the GFC."



Related Articles

Brisbane's fringe the place for office rental in the city

Those on the hunt for commercial real estate may want to look at Brisbane's fringe, according ...
read more

Brisbane industrial property a safe bet for investment

There is growing demand for industrial property in Brisbane, the latest report on the city's ...
read more

Major developments coming to south east NSW

While most everyone knows about the major changes coming to the city of Sydney, the largest city in ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more