ABS: Half of Australia’s employment growth ‘bullshit jobs’

Wednesday, 12 December 2018

This is not a picture of economic strength, via the ABS:

The number of jobs that where filled in Australia increased by 0.3 per cent in the September quarter of 2018, with around half of the increase being secondary jobs, according to new labour market insights released by the Australian Bureau of Statistics (ABS).

Nearly one third (30 per cent) of the increase in secondary jobs this quarter was in the administrative and support services, with the next largest contribution coming from accommodation and food services industry (29 per cent).

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.