1 00:00:00,120 --> 00:00:02,440 Speaker 1: Okay, on the face of it, that unemployment figure out 2 00:00:02,480 --> 00:00:04,320 Speaker 1: today is not good. It's gone up. It's now at 3 00:00:04,360 --> 00:00:06,800 Speaker 1: five point four percent, now, sitting at a high that 4 00:00:06,800 --> 00:00:08,959 Speaker 1: we haven't seen in almost eleven years. The last time 5 00:00:09,000 --> 00:00:11,920 Speaker 1: we were anywhere near five point four percent was in 6 00:00:11,920 --> 00:00:16,360 Speaker 1: September twenty fifteen. Actually, though, there is a recovery story here. 7 00:00:16,360 --> 00:00:18,680 Speaker 1: If you look under the hood, we have added fifteen 8 00:00:18,800 --> 00:00:22,000 Speaker 1: thousand jobs to the economy. There are more people wanting 9 00:00:22,079 --> 00:00:25,239 Speaker 1: to work as well. On top of that, fewer, as 10 00:00:25,280 --> 00:00:28,280 Speaker 1: Informetric says, sitting on the sidelines. We have fewer young 11 00:00:28,320 --> 00:00:30,600 Speaker 1: people bumming around now. More of them are either in 12 00:00:30,720 --> 00:00:34,040 Speaker 1: work training or education. Most of the people who found 13 00:00:34,040 --> 00:00:36,919 Speaker 1: work in the last quarter are in part time work, though, 14 00:00:36,960 --> 00:00:39,240 Speaker 1: which suggests that employers are taking a chance here. They're 15 00:00:39,280 --> 00:00:42,159 Speaker 1: not totally convinced of the recovery just yet, at least 16 00:00:42,200 --> 00:00:44,599 Speaker 1: not enough to offer full time work, but they are 17 00:00:44,720 --> 00:00:47,440 Speaker 1: confident enough to take something of a chance now. I 18 00:00:47,440 --> 00:00:50,440 Speaker 1: don't want to be polyannersh here and suggesting good news 19 00:00:50,440 --> 00:00:52,959 Speaker 1: where there isn't any, and trying to pretend things are 20 00:00:53,000 --> 00:00:54,920 Speaker 1: fine when they're not fine. I don't want to do that, 21 00:00:55,120 --> 00:00:56,920 Speaker 1: but I do think it is worth us focusing on 22 00:00:56,960 --> 00:00:59,520 Speaker 1: the good stuff in these numbers to give this recovery 23 00:00:59,520 --> 00:01:02,680 Speaker 1: a chance. There is enough stuff out there, There are 24 00:01:02,800 --> 00:01:05,120 Speaker 1: enough numbers out there now to suggest that we are 25 00:01:05,200 --> 00:01:07,319 Speaker 1: actually on the right side of things, and this recovery 26 00:01:07,400 --> 00:01:09,800 Speaker 1: is happening. But there is still a wobble, isn't there. 27 00:01:10,000 --> 00:01:12,360 Speaker 1: When you talk to some businesses, they're still unimpressed by 28 00:01:12,360 --> 00:01:14,440 Speaker 1: what they're seeing come in the door. And I just 29 00:01:14,480 --> 00:01:16,880 Speaker 1: wonder if we're holding off a little here. Maybe maybe 30 00:01:16,920 --> 00:01:20,240 Speaker 1: we've been spooked by the false dorm in twenty twenty 31 00:01:20,240 --> 00:01:22,360 Speaker 1: five and we want to make sure this is actually 32 00:01:22,360 --> 00:01:25,480 Speaker 1: the recovery that we believe it's going to be. Maybe 33 00:01:25,480 --> 00:01:27,800 Speaker 1: we're still unsure of what the Reserve Bank is going 34 00:01:27,840 --> 00:01:29,400 Speaker 1: to do. Maybe we want to get the feel of 35 00:01:29,440 --> 00:01:32,200 Speaker 1: Anna Bremer in her first go in a couple of 36 00:01:32,240 --> 00:01:35,120 Speaker 1: weeks from now before we start investing money. We have 37 00:01:35,200 --> 00:01:39,280 Speaker 1: good signs. We have consumer confidence, we have business confidence, 38 00:01:39,319 --> 00:01:41,760 Speaker 1: we have GDP growth, we have retail spending growth, we 39 00:01:41,800 --> 00:01:43,960 Speaker 1: have improved manufacturing numbers. The list goes on, and then 40 00:01:44,000 --> 00:01:47,200 Speaker 1: add this the stuff under the unemployment number, Add that 41 00:01:47,280 --> 00:01:50,640 Speaker 1: to the list, step back and assess what really does 42 00:01:50,720 --> 00:01:52,440 Speaker 1: look like a recovery, if we just give it the 43 00:01:52,520 --> 00:01:56,640 Speaker 1: chance for more from Heather Duplicy Allen Drive. Listen live 44 00:01:56,760 --> 00:01:59,600 Speaker 1: to news talks it'd be from four pm weekdays, or 45 00:01:59,640 --> 00:02:01,760 Speaker 1: follow podcast on iHeartRadio.