There’s movement at the station…the economy is probably at it’s lowpoint…so the only way is up.
What’s happening? Even though the quantum of employment advertisements are low…some industry sectors are hiring additional seniors…particularly in the construction space for new projects….and there will be a few new government roles in NSW as the current administration re-shapes its bureaucracy into super departments.
Consumer confidence has bounced back to a neutral point as the result of Australia formally avoiding a technical recession definition…and government stimulus spending has had some benefit ( particularly in the retail sector ).
Boards will probably wait until their July and August meetings to review the final preliminary results from 08/09. Let’s hope they give their CEO’s the greenlight then to spend prudently on people as cashflow improves over the next year.
My view? It’ll be July 2010 before discretionary investment spurts up. The housing industry will lead a broad economic recovery in Spring 2010.
What’s your view. Please comment…or click on the email link below to have a confidential chat.
cheers!
Pete Jeans
Director
SMO Sydney
http://www.linkedin.com/in/petejeans
Filed under: Uncategorized | Tagged: "employment", "forecasts", "Pete Jeans", "recession", "recovery"
