Employment Stats Suggest Gillard is Gone

Employment Stats Suggest Gillard is Gone

An article on Bloomberg today titled “Australia 10% Unemployment for 9.6% Dents Gillard Prosperty”  suggests that despite respectable headline employment numbers, many traditional Labor voters look set to desert labor at the next election.

For clients of UGC and readers of UGC’s weekly newsletter, these statistics come as no surprise. Short sighted policies and power grab tax reforms have only served to actually undermine the strength of Australia’s economy and the very jobs of the voters Labor says it aims to serve.

For a full explanation click hear to read our article yesterday.

It is an interesting read as it makes the following points among others:

• The world’s 12th biggest economy boasts the lowest benchmark interest rate in 53 years, unemployment less than half of Europe’s, contained inflation and an economic growth rate double the average of advanced nations. Even with these conditions — the best since Gough Whitlam took office in 1972 – – Gillard’s ruling Labor Party is 10 percentage points behind the Tony Abbott-led opposition.
• The unemployment rate is as high as 14% in parts of Western Sydney, traditional labor heartland.
• The unemployment rate is as high as 27% in some parts around Brisbane where Labor has 5 seats now in play at the next election.
• Employment in 6 of 19 jobs categories has decreased even as populatuion has increased by $1.8 million since Labor took office.

You can read the full article by clicking on the following link.

“Australia 10% Unemployment for 9.6% Dents Gillard Prosperity”

If you have concerns about how your financial future, or how your assets might be taxed going forward. I encourage you to speak with one of our financial strategists today for a No Cost, No Obligation consultation on 03 8657 7640 or email info@ugc.net.au. We would be more than happy to review your current arrangements and give you the advice you need for more a more secure future.

The information contained in this report is General in nature and has been prepared without taking into account your objectives, financial situation and needs.