Adam Carr has posted a rather wishful piece at Business Spectator today claiming that the unwinding of the biggest mining investment boom in the nation’s history is not significant and that the nascent acceleration in housing construction will lead to an Australian “jobs boom”. Let’s examine Carr’s claims.
The consensus regards the labour market as weak, although this quite clearly isn’t the case using the more respected employment metrics over time. Even some of those who acknowledge recent momentum suggest it can’t last because of this fearful obsession with the ‘end of the mining boom’…
