Care Economy Growing Fast and Boom Set to Continue

Published on October 19, 2024

Workers are piling into caring professions, fresh jobs data suggests in a trend Treasurer Jim Chalmers says should be welcomed not snubbed. Australia has consistently produced more jobs than expected in an anaemic economy and Oct. 17th’s official labour force data confirms many of those roles are in non-market sectors. Those areas of the economy accounted for more than 80 percent of extra demand for workers in the September quarter, based on KPMG analysis. “The non-market sector, which largely reflects public services provided by government, has now recorded a higher absolute increase in employment since the beginning of COVID pandemic compared with market sectors,” KPMG chief economist Brendan Rynne said....

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