THINKING OUT LOUD

Are there any new jobs being created?

When a cafe opens up and claims they are creating 7 new jobs, this is actually not the fact. It is generally from the same labour pool that already exists in the immediate community.

This fact doesn’t vary too much should you see a new manufacturing plant being established, yet employers and embarrassingly so, politicians, claim the creation of new jobs. We need to remember that it is mostly existent labour transferring to a new workplace.

Does that mean new employment numbers when reported by the government are not true?

Probably so…

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May 2017 market review from Capital Group

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