Record low interest rates, soaring house prices and billions in government financial support have helped drive up the number of jobs in the nation’s finance sector during nearly two years of the pandemic, eclipsing the surge of people taking work in health.
Employment crashed after last year’s nationwide shutdown to stop the spread of COVID-19, while this yearLoading The increase in finance jobs was almost evenly split between those taking on work with a financial institution and those getting employment in the superannuation and insurance sector. The closely linked real estate sector has also expanded through COVID-19, with total employment up 7.6 per cent.In 2000, there were 100,000 more people in the agriculture, fisheries and forestry sector than finance.
But even within the broad health sector, there have been some job losses. The number of people employed in residential care has fallen by almost 30,000. Extra financial support and the surging property market had also brought in first-time buyers who needed assistance to purchase a home. Associate Professor Angela Knox from the University of Sydney Business School says jobs will come back after the pandemic but they will change. a story on HR techniques and performance reviews.At the start of the century, manufacturing was the largest employing sector in the economy. It has now slipped and could be overtaken by the hospitality sector as it recovers from the pandemic.
swrighteconomy A trillion in debt and all that happened was property developers got more rich while the small man got fvcked again. Oh yay!
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