The Demand for Trades: A Look at Australia’s Growing Blue-Collar Industries
In 2023, Australia’s economy faced challenges, including rising interest rates and inflationary pressures. Despite these headwinds, the Australian labor market, driven by a robust demand for trade, showed resilience, with employment gains surpassing expectations. However, with consumer and business confidence waning, the labor market faces potential slowdowns. Interestingly, the trend of labor hoarding, where employers …
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