Unemployment Down

[bordsilver]

... but I don't see a lot of job creation due to foreign investment. Can you give me some good examples?

Annual average of 7,000 FTE jobs in Australia have been required for the 5 years between FY2013 and FY2017 to build INPEX's Icthys LNG project. Similarly construction of the Gorgon project employed over 7,000 FTE's between 2010-2015. Wheatstone LNG has employed over 5,000 over the past 5 years.

 

[mmm....shiney!]

Glencore 16 000 people.

 

[errol43]

The lull before the storm? 200,000 permanent jobs to go in the car industry over the next few years.

If full time jobs go and are replaced by part-time jobs, will that mean that people won't be as rich?

Regards Errol 43

 

[Abossy]

... but I don't see a lot of job creation due to foreign investment. Can you give me some good examples?

Annual average of 7,000 FTE jobs in Australia have been required for the 5 years between FY2013 and FY2017 to build INPEX's Icthys LNG project. Similarly construction of the Gorgon project employed over 7,000 FTE's between 2010-2015. Wheatstone LNG has employed over 5,000 over the past 5 years.

Those projects are winding up or have wound up in some cases. The unemployment number in WA now is 6.3% 2nd worst in the country beating only Tasmania (which doesn't really count ).

Thanks to our magnificent liberal state government we will have $33 billion in state debt next year, $40 billion by 2020.

Biggest mining boom in WA history - and that's what we have to show for it....oh and also a new $2 billion stadium that's ahead of schedule.

 

[bordsilver]

^ Depends on how much the $100-odd grand subsidy per direct job cost the economy.

 

[bordsilver]

... but I don't see a lot of job creation due to foreign investment. Can you give me some good examples?

Annual average of 7,000 FTE jobs in Australia have been required for the 5 years between FY2013 and FY2017 to build INPEX's Icthys LNG project. Similarly construction of the Gorgon project employed over 7,000 FTE's between 2010-2015. Wheatstone LNG has employed over 5,000 over the past 5 years.

Those projects are winding up or have wound up in some cases. The unemployment number in WA now is 6.3% 2nd worst in the country beating only Tasmania (which doesn't really count ).

Thanks to our magnificent liberal state government we will have $33 billion in state debt next year, $40 billion by 2020.

Biggest mining boom in WA history - and that's what we have to show for it....oh and also a new $2 billion stadium that's ahead of schedule.

Yep. You can trust the gubbmint to completely eff-up their budgets based on temporary booms. Take temporary cash flow and make permanent promises.

 

[Court Jester]

wheres the end in this debate

 

[TheEnd]

I'm still here C.J but lately i been taking a break from this forum.

I'm still not working and am applying for the disability pension over next few weeks.

I still have mental health problems and also problems with my lower back.

Its hard trying to find a job that suits me.

 

[Abossy]

I'm still here C.J but lately i been taking a break from this forum.

I'm still not working and am applying for the disability pension over next few weeks.

I still have mental health problems and also problems with my lower back.

Its hard trying to find a job that suits me.

What's your profession? Have you thought about trying to do something online?

Best of luck hope things turn around

 

[TheEnd]

I'm still here C.J but lately i been taking a break from this forum.

I'm still not working and am applying for the disability pension over next few weeks.

I still have mental health problems and also problems with my lower back.

Its hard trying to find a job that suits me.

What's your profession? Have you thought about trying to do something online?

Best of luck hope things turn around

Thanks mate.

I'm a diesel mechanic by trade but have spent far more time working on electric forklifts.

I did 10 years of service at my last proper job.

I'm thinking about getting back on the tools but its my mis-aligned lower verterbrae that makes it hard for me.

Plus I have anxiety and mild shizzophrenia mental health problems that I'm still battling with.

I send out 6 resumes per week as required by centrelink but next week i'm going to try and start finding other areas of work i can apply for using my trade skills and experience in forklift industry.

 

[TheEnd]

The lull before the storm? 200,000 permanent jobs to go in the car industry over the next few years.

If full time jobs go and are replaced by part-time jobs, will that mean that people won't be as rich?

Regards Errol 43

Yes its these events that worry me the most.

We are only a couple of months away from Ford closing.

Then we will have the U.S election the next month.

Its going to be a wild ride I reckon for the next few years?

 

[Ipv6Ready]

The lull before the storm? 200,000 permanent jobs to go in the car industry over the next few years.

If full time jobs go and are replaced by part-time jobs, will that mean that people won't be as rich?

Regards Errol 43

Yes its these events that worry me the most.

We are only a couple of months away from Ford closing.

Then we will have the U.S election the next month.

Its going to be a wild ride I reckon for the next few years?

Ford Closing would suck to all kind of local business in the area, lets not not forget the worker but at least they are getting their full entitlements.

But if Trump won would it be that bad.... Could he possibly be any worse than the father and son duo that made the world a nightmare for hundreds of millions of people directly and billions indirectly?

 

[BuggedOut]

... if Trump won would it be that bad.... Could he possibly be any worse than the father and son duo that made the world a nightmare for hundreds of millions of people directly and billions indirectly?

No....but yes.

As has already been discussed and agreed by many on SS, we are faced with a global debt setup that basically is a giant Ponzi scheme. The problem with Ponzi schemes is that they collapse, but that usually only happens when confidence in the scheme is lost. Trump has the potential to be the catalyst for that loss of confidence. If Trump wins then many insiders who have benefited from establishment politics might realize the game is up and the rush for exits begins there.

All that aside, I agree with you. He could hardly be worse than the string of warmongering presidents the US has had since the turn of the century.