As a former labour market researcher and writer, the latest RBA economic forecasts were very upbeat considering most of our CBD’s are deserted (especially Sydney and Melbourne) and travel, hospitality and the airlines are comatose.
RBA Top Dog, Phillip Lowe predicts above-trend growth in GDP of 3.5 per cent in 2021 and a further 3.5 per cent in 2022. And Marilyn Monroe is going to sing me ‘Happy Birthday’.
Reserve Bank governors beat up economic reports in the hope that enough people expect the ‘good news’ to happen.
This is called ‘dreaming’ but who doesn’t dream of a better future?
I help people get jobs because I want them to have a better future.
But if you’re a job hunter, I’d get out there now and apply for jobs because the middle of the year won’t be fab.
Most of the improvement in the economy’s rate of growth has already happened or is happening now.
With the end of the JobKeeper wage subsidy and maybe the JobSeeker supplement in March, the economy and job numbers will flatten.
The arithmetic will catch up with the reality.
If you’re looking for a job, don’t wait. Start applying now.