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A CXC Global Knowledge Initiative
Monthly Media Brief
Employment | The Economy | Contract Work
June 2015
Introduction
The purpose of this monthly report is to provide you with an opportunity to
better understand recent news at both a macro & micro level, to
understand topical trends covered in the media both locally & globally, and
to discuss how these may impact business in A/NZ.
1
THE ECONOMY
Below, a summary of the coverage around the economic outlook for
Australia for the period: 4 June 2015 ¨C 17 June 2015.
.
The Economy
AUDremainssteady
Consumerconfidencefell
sharplyinJune,reversing
post-budgetgains
Businessconfidenceisup,
theeconomyishealing,asa
furtherratecutunlikely
Declineinmining
investmentwillcontinue,
andpotentiallyaccelerate
ConsumerSentimentlowest
sinceJune2015unwinding
theboostinMaywhichis
beingattributedtotheratecut
Consumer
confidence
Decline
Other components:
? dwelling approvals
? commodity prices
? US industrial
production
? hours worked were
flat as was the
ASX in May
(posting material
declines in early
June)
Infrastructure spending
needs to be stepped up, for
Australia to experience long-
term growth. The economy
isn¡¯t at the speed the
government or analysts had
hoped for
Greece and its creditors
hardened their stances on
Monday after the collapse of
talks aimed at preventing a
default and possible euro exit,
prompting Germany's EU
commissioner to say the time
had come to prepare for a
"state of emergency"
Financial services big
bonuses are back: 41%
saying their bonus was
higher compared to last
year. 11% said their bonus
was significantly higher
while 30% received a
¡®higher¡¯ bonus
Conversations around
abolition of stamp duty have
resurfaced, in light of the
booming housing markets in
Sydney & Melbourne.
Alternatives for an
expanded GST or increased
land tax are also under
discussion
Threat
Pension reform:
expected to pass
Parliament 16th June
NSW: $9B infrastructure
project ¨C Sydney Metro
(light rail)
JOBS OUTLOOK
Below, a summary of the coverage around jobs outlook for
Australia for the period: 4 June 2015 ¨C 17 June 2015.
Jobs Outlook
Job ads rose in May compared
with the same month last year.
Job Ads Rise
1
But month-on-month job ads fell
by 3.1%, partially reversing the
4.7% gain from April.
Month-on-Month Ads Fall
2
Non-mining states recording the
biggest increase in job ads,
reflecting improving trends for
the non-mining economy.
More Jobs in Non-Mining States
3
CONTINGENT
WORKFORCE
COVERAGE
US GAO
(Government
Accountability Office)
More discussion now around the need for
governments to remain up-to-date with these changes
as current legislation is deemed insufficient and not
keeping up with the tally of independent workers.
This article references Government¡¯s data ¨C which
isn¡¯t remaining abreast of the real tally of workers in
the US. In reference to the ¡®gig economy¡¯,
In summary, there¡¯s a lot that isn¡¯t known about the
non-permanent segments of the workforce
In the US, the ¡®big economic problem no one is talking
about¡¯ hamstringing the economy outside of poor wage
growth and swelling ranks of long-term unemployed
The march towards 40% of America¡¯s jobs being
¡®contingent¡¯ is getting closer ¨C and describe these jobs
as not particularly secure, and are made up of
positions that require employees to work on contracts,
on-call, or as independent contractors
Sources
Economy & Jobs:
1. Consumer sentiment low http://bit.ly/1JWTcdJ
2. Mixed business outlook http://bit.ly/1JWTj9j
3. Financial Services: Big bonuses are back http://bit.ly/1dJsMQl
4. AUD remains steady http://bit.ly/1eQaf5U and http://bit.ly/1JWT9P3
5. Infrastructure growth http://bit.ly/1JWT4ed
6. Greece, RBA http://bit.ly/1dJsKrM
7. Stamp duty & land tax http://bit.ly/1JWV3PR
8. Pension reform http://bit.ly/1TsCZkR
9. Sydney Metro (light rail) http://bit.ly/1TsD5cq
10. Job ads flat but increasing in non-mining states http://bit.ly/1TsDxr0
11. Job ads remain flat http://bit.ly/1TsDNX7
Contract Work:
1. Flexpert Careers http://bit.ly/1TsEfVo
2. US policy makers not ready for the ¡®gig economy¡¯ http://bit.ly/1TsE6B5
3. Big economic problem no one is talking about http://bit.ly/1InET35
4. Increasing acceptance of contract workers in the US http://bit.ly/1TsEwrm
5. Beeline Plugin http://bit.ly/1TsFxzq
6. STP Payroll http://bit.ly/1FlMU0Q
Contact CXC Global Level 6, 9 Hunter St Sydney NSW 2000Address:
Phone:
Web:
E-mail:
+61 1300 724 082
cxcglobal.com.au
info@cxcglobal.com.au
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Media Brief - June 2015

  • 1. A CXC Global Knowledge Initiative Monthly Media Brief Employment | The Economy | Contract Work June 2015
  • 2. Introduction The purpose of this monthly report is to provide you with an opportunity to better understand recent news at both a macro & micro level, to understand topical trends covered in the media both locally & globally, and to discuss how these may impact business in A/NZ. 1
  • 3. THE ECONOMY Below, a summary of the coverage around the economic outlook for Australia for the period: 4 June 2015 ¨C 17 June 2015. .
  • 5. Infrastructure spending needs to be stepped up, for Australia to experience long- term growth. The economy isn¡¯t at the speed the government or analysts had hoped for Greece and its creditors hardened their stances on Monday after the collapse of talks aimed at preventing a default and possible euro exit, prompting Germany's EU commissioner to say the time had come to prepare for a "state of emergency" Financial services big bonuses are back: 41% saying their bonus was higher compared to last year. 11% said their bonus was significantly higher while 30% received a ¡®higher¡¯ bonus Conversations around abolition of stamp duty have resurfaced, in light of the booming housing markets in Sydney & Melbourne. Alternatives for an expanded GST or increased land tax are also under discussion Threat
  • 6. Pension reform: expected to pass Parliament 16th June NSW: $9B infrastructure project ¨C Sydney Metro (light rail)
  • 7. JOBS OUTLOOK Below, a summary of the coverage around jobs outlook for Australia for the period: 4 June 2015 ¨C 17 June 2015.
  • 8. Jobs Outlook Job ads rose in May compared with the same month last year. Job Ads Rise 1 But month-on-month job ads fell by 3.1%, partially reversing the 4.7% gain from April. Month-on-Month Ads Fall 2 Non-mining states recording the biggest increase in job ads, reflecting improving trends for the non-mining economy. More Jobs in Non-Mining States 3
  • 10. US GAO (Government Accountability Office) More discussion now around the need for governments to remain up-to-date with these changes as current legislation is deemed insufficient and not keeping up with the tally of independent workers. This article references Government¡¯s data ¨C which isn¡¯t remaining abreast of the real tally of workers in the US. In reference to the ¡®gig economy¡¯, In summary, there¡¯s a lot that isn¡¯t known about the non-permanent segments of the workforce In the US, the ¡®big economic problem no one is talking about¡¯ hamstringing the economy outside of poor wage growth and swelling ranks of long-term unemployed The march towards 40% of America¡¯s jobs being ¡®contingent¡¯ is getting closer ¨C and describe these jobs as not particularly secure, and are made up of positions that require employees to work on contracts, on-call, or as independent contractors
  • 11. Sources Economy & Jobs: 1. Consumer sentiment low http://bit.ly/1JWTcdJ 2. Mixed business outlook http://bit.ly/1JWTj9j 3. Financial Services: Big bonuses are back http://bit.ly/1dJsMQl 4. AUD remains steady http://bit.ly/1eQaf5U and http://bit.ly/1JWT9P3 5. Infrastructure growth http://bit.ly/1JWT4ed 6. Greece, RBA http://bit.ly/1dJsKrM 7. Stamp duty & land tax http://bit.ly/1JWV3PR 8. Pension reform http://bit.ly/1TsCZkR 9. Sydney Metro (light rail) http://bit.ly/1TsD5cq 10. Job ads flat but increasing in non-mining states http://bit.ly/1TsDxr0 11. Job ads remain flat http://bit.ly/1TsDNX7 Contract Work: 1. Flexpert Careers http://bit.ly/1TsEfVo 2. US policy makers not ready for the ¡®gig economy¡¯ http://bit.ly/1TsE6B5 3. Big economic problem no one is talking about http://bit.ly/1InET35 4. Increasing acceptance of contract workers in the US http://bit.ly/1TsEwrm 5. Beeline Plugin http://bit.ly/1TsFxzq 6. STP Payroll http://bit.ly/1FlMU0Q
  • 12. Contact CXC Global Level 6, 9 Hunter St Sydney NSW 2000Address: Phone: Web: E-mail: +61 1300 724 082 cxcglobal.com.au info@cxcglobal.com.au