{"id":156723,"date":"2021-09-06T11:30:33","date_gmt":"2021-09-06T01:30:33","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=156723"},"modified":"2021-09-08T18:14:28","modified_gmt":"2021-09-08T08:14:28","slug":"australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/","title":{"rendered":"Australia&#8217;s shiny employment figures can&#8217;t be interpreted as good news when viewed in context"},"content":{"rendered":"<p><strong>Recently we saw some fantastic looking employment figures published about the state of the Australian economy.<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-156724 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-300x225.jpg\" alt=\"Stats\" width=\"300\" height=\"225\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-300x225.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-600x450.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats.jpg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>We have a record-high 13.2 million people employed \u2014 that translates into a laughably low unemployment rate of 4.6%.<\/p>\n<p>Average wages for full-time employed Australians went up to record highs, the highest ever recorded numbers.<\/p>\n<p>This must all be great news!!!<\/p>\n<p>Sadly enough, we cannot stop here \u2014 we have to dive a little bit deeper because the figures aren't all they are made up to be.<\/p>\n<div class=\"lyte-wrapper\" title=\"Australia&amp;#039;s shiny employment figures can&amp;#039;t be interpreted as good news when viewed in context\" style=\"width:640px;max-width:100%;margin:5px auto;\"><div class=\"lyMe\" id=\"WYL_4bmQE7ft0go\" itemprop=\"video\" itemscope itemtype=\"https:\/\/schema.org\/VideoObject\"><div><meta itemprop=\"thumbnailUrl\" content=\"https:\/\/i.ytimg.com\/vi\/4bmQE7ft0go\/hqdefault.jpg\" \/><meta itemprop=\"embedURL\" content=\"https:\/\/www.youtube.com\/embed\/4bmQE7ft0go\" \/><meta itemprop=\"duration\" content=\"PT4M25S\" \/><meta itemprop=\"uploadDate\" content=\"2021-08-22T05:58:39Z\" \/><\/div><div id=\"lyte_4bmQE7ft0go\" data-src=\"https:\/\/i.ytimg.com\/vi\/4bmQE7ft0go\/hqdefault.jpg\" class=\"pL\"><div class=\"tC\"><div class=\"tT\" itemprop=\"name\">Australia&#039;s shiny employment figures can&#039;t be interpreted as good news when viewed in context<\/div><\/div><div class=\"play\"><\/div><div class=\"ctrl\"><div class=\"Lctrl\"><\/div><div class=\"Rctrl\"><\/div><\/div><\/div><noscript><a href=\"https:\/\/youtu.be\/4bmQE7ft0go\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i.ytimg.com\/vi\/4bmQE7ft0go\/0.jpg\" alt=\"Australia&amp;#039;s shiny employment figures can&amp;#039;t be interpreted as good news when viewed in context\" width=\"640\" height=\"340\" \/><br \/>Watch this video on YouTube<\/a><\/noscript><meta itemprop=\"description\" content=\"This video summarizes my latest column (read for free here, there is no pay wall): https:\/\/thenewdaily.com.au\/finance\/finance-news\/2021\/08\/22\/jobs-earnings-figures-australia\/ The latest employment data (as of August 2021) for Australia paints an overly rosy picture of our economy. We need to add a bit more context to see why laughably low unemployment, a record number of jobs, and record high average earnings for full-time employed workers can&#039;t be interpreted as great news. Let&#039;s connect on social media: LinkedIn https:\/\/www.linkedin.com\/in\/simonkuestenmacher Twitter https:\/\/twitter.com\/simongerman600 Facebook https:\/\/www.facebook.com\/SimonGerman600 Instagram https:\/\/www.instagram.com\/simongerman600 If you are interested in commissioning demographic research for your organisation, please reach out via: https:\/\/www.tdgp.com.au\/ If you need a speaker for your next conference or a boardroom briefing please reach out via: https:\/\/www.simonkuestenmacher.com\"><\/div><\/div><div class=\"lL img-responsive\" style=\"max-width:100%;width:640px;margin:5px auto;\"><\/div><\/p>\n<p>The average income figures for fully employed people mask quite a bit of the reality about the workforce in Australia.<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig01.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-156725 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig01.jpg\" alt=\"Fig01\" width=\"785\" height=\"611\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig01.jpg 785w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig01-600x467.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig01-300x234.jpg 300w\" sizes=\"auto, (max-width: 785px) 100vw, 785px\" \/><\/a><\/p>\n<h2><span class=\"toc_link\" id=\"first-and-foremost-weve-seen-in-the-last-five-decades-is-a-big-increase-in-part-time-work-across-australia\">First and foremost, we've seen in the last five decades, is a big increase in part-time work across Australia.<\/span><\/h2>\n<p>So the numbers that are capturing the full-time employed workforce \u2014 that is actually only a representative of two thirds of the market.<\/p>\n<!-- \/21854739906\/NIPAll \r\n<div class='gam-all googlead' id='div-gpt-ad-1599569002292-0' style='width: 320px; height: 480px;'>\r\n  <script>\r\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1599569002292-0'); });\r\n  <\/script>\r\n<\/div> -->\r\n\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"negotiate_influence_persuade_body_\"><\/div>\n<p>We further need to understand that the Australian workforce does not resemble a bell curve anymore where we have a couple of poor folks, a couple of rich folks but mostly people falling to the center.<\/p>\n<p>Today the workforce resembles the letter 'U' where we have lots of high-incomers and lots of low-income workers but no one in the middle.<\/p>\n<p>In a U-shaped economy, the numbers describe the average, missed reality of workers on both ends rather than providing an absolute, meaningful average that roughly indicates how the average Australian is doing,\u00a0simply because we have two different types of average Australians these days.<\/p>\n<p>We have high-income Australia and we have low-income Australia.<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-156727 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig2.jpg\" alt=\"Fig2\" width=\"924\" height=\"630\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig2.jpg 924w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig2-800x545.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig2-600x409.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig2-300x205.jpg 300w\" sizes=\"auto, (max-width: 924px) 100vw, 924px\" \/><\/a><\/p>\n<h2><span class=\"toc_link\" id=\"so-these-realities-are-missed-by-the-employment-figures\">So these realities are missed by the employment figures.<\/span><\/h2>\n<p>We've also seen a big increase particularly in part-time employed Australians that have reduced or not even any work hours over the last week.<\/p>\n<p>That means, while you still might be employed you might not be given any shifts or it might mean that you just had a few hours to work.<\/p>\n<p>If you work, for example, for a government agency or a big stable company \u2014 that's fine; if you work for a few hours it just means that you have more spare time and you probably have the same income, so what do you have to complain about?<\/p>\n<p>But for the part-time employed workers, which covers lots of gig-economy workers, if their work hours get reduced their income is very much linked to that.<\/p>\n<p><a href=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig3-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-156726 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig3-1.jpg\" alt=\"Fig3\" width=\"957\" height=\"676\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig3-1.jpg 957w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig3-1-800x565.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig3-1-600x424.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/fig3-1-300x212.jpg 300w\" sizes=\"auto, (max-width: 957px) 100vw, 957px\" \/><\/a><\/p>\n<p>Also, a company is quite quick to let go of gig-economy workers, people that are contracted out.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-143027 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/strategy-300x203.jpg\" alt=\"Strategy\" width=\"300\" height=\"203\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/strategy-300x203.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/strategy-800x543.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/strategy-600x407.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/strategy-1020x692.jpg 1020w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/strategy-1160x787.jpg 1160w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2020\/05\/strategy.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>So really those figures, those shiny employment figures, they look really good, they look excellent but they describe the month of July when we had quite a bit of Australia in lockdowns with business activity suppressed so that it doesn't come as a surprise that these numbers are not really the beacon of hope \u2014 they are a result of a bizarre demographic set up in Australia and a changing nature of jobs in Australia.<\/p>\n<p>So please don't take the recent economic employment figures as a wonderful sign for the future.<\/p>\n<p>Even the low unemployment rate probably indicates not a very strong economy but an economy that struggles to fill all jobs.<\/p>\n<p>We are nearing what economists call 'full employment' which is an unemployment rate that is so low that business around Australia and across all industries struggles to fill jobs.<\/p>\n<!-- \/21854739906\/NIPDiff \r\n<div class='gam-diff googlead' id='div-gpt-ad-1599572187548-0'>\r\n  <script>\r\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1599572187548-0'); });\r\n  <\/script>\r\n<\/div> -->\r\n\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"negotiate_influence_persuade_desktop_\"><\/div>\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"negotiate_influence_persuade_mobile_\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recently we saw some fantastic looking employment figures published about the state of the Australian economy. We have a record-high 13.2 million people employed \u2014 that translates into a laughably low unemployment rate of 4.6%. Average wages for full-time employed Australians went up to record highs, the highest ever recorded numbers. This must all be&#8230;<\/p>\n","protected":false},"author":125,"featured_media":156728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54],"tags":[],"class_list":["post-156723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Australia&#039;s shiny employment figures can&#039;t be interpreted as good news when viewed in context<\/title>\n<meta name=\"description\" content=\"Recently we saw some fantastic looking employment figures published about the state of the Australian economy. We have a record-high 13.2 million people...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia&#039;s shiny employment figures can&#039;t be interpreted as good news when viewed in context\" \/>\n<meta property=\"og:description\" content=\"Recently we saw some fantastic looking employment figures published about the state of the Australian economy. We have a record-high 13.2 million people...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/\" \/>\n<meta property=\"og:site_name\" content=\"Property Update\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-06T01:30:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-08T08:14:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-figures.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simon Kuestenmacher\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/\",\"url\":\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/\",\"name\":\"Australia's shiny employment figures can't be interpreted as good news when viewed in context\",\"isPartOf\":{\"@id\":\"https:\/\/propertyupdate.com.au\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-figures.jpg\",\"datePublished\":\"2021-09-06T01:30:33+00:00\",\"dateModified\":\"2021-09-08T08:14:28+00:00\",\"author\":{\"@id\":\"https:\/\/propertyupdate.com.au\/#\/schema\/person\/1194fd42fab1735e774e31ac29f28a2b\"},\"description\":\"Recently we saw some fantastic looking employment figures published about the state of the Australian economy. We have a record-high 13.2 million people...\",\"breadcrumb\":{\"@id\":\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#primaryimage\",\"url\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-figures.jpg\",\"contentUrl\":\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-figures.jpg\",\"width\":2000,\"height\":1333,\"caption\":\"Stats Figures\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/propertyupdate.com.au\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Australia&#8217;s shiny employment figures can&#8217;t be interpreted as good news when viewed in context\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/propertyupdate.com.au\/#website\",\"url\":\"https:\/\/propertyupdate.com.au\/\",\"name\":\"Property Update\",\"description\":\"Real Estate Investing Advice &amp; Strategies From Experts You Can Trust\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/propertyupdate.com.au\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/propertyupdate.com.au\/#\/schema\/person\/1194fd42fab1735e774e31ac29f28a2b\",\"name\":\"Simon Kuestenmacher\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/propertyupdate.com.au\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/propertyupdate.com.au\/wp-content\/uploads\/2020\/08\/cropped-SimonKuestenmacher-96x96.jpg\",\"contentUrl\":\"https:\/\/propertyupdate.com.au\/wp-content\/uploads\/2020\/08\/cropped-SimonKuestenmacher-96x96.jpg\",\"caption\":\"Simon Kuestenmacher\"},\"description\":\"Simon Kuestenmacher is one of Australia\u2019s leading demographers, co-founder of The Demographics Group, a regular media commentator, a columnist for the Australian and one of the world\u2019s Top 50 Influencers in Data Science. www.SimonKuestenmacher.com\",\"url\":\"https:\/\/propertyupdate.com.au\/author\/simon-kuestenmacher\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Australia's shiny employment figures can't be interpreted as good news when viewed in context","description":"Recently we saw some fantastic looking employment figures published about the state of the Australian economy. We have a record-high 13.2 million people...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/","og_locale":"en_US","og_type":"article","og_title":"Australia's shiny employment figures can't be interpreted as good news when viewed in context","og_description":"Recently we saw some fantastic looking employment figures published about the state of the Australian economy. We have a record-high 13.2 million people...","og_url":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/","og_site_name":"Property Update","article_published_time":"2021-09-06T01:30:33+00:00","article_modified_time":"2021-09-08T08:14:28+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-figures.jpg","type":"image\/jpeg"}],"author":"Simon Kuestenmacher","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/","url":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/","name":"Australia's shiny employment figures can't be interpreted as good news when viewed in context","isPartOf":{"@id":"https:\/\/propertyupdate.com.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#primaryimage"},"image":{"@id":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-figures.jpg","datePublished":"2021-09-06T01:30:33+00:00","dateModified":"2021-09-08T08:14:28+00:00","author":{"@id":"https:\/\/propertyupdate.com.au\/#\/schema\/person\/1194fd42fab1735e774e31ac29f28a2b"},"description":"Recently we saw some fantastic looking employment figures published about the state of the Australian economy. We have a record-high 13.2 million people...","breadcrumb":{"@id":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#primaryimage","url":"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-figures.jpg","contentUrl":"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2021\/09\/stats-figures.jpg","width":2000,"height":1333,"caption":"Stats Figures"},{"@type":"BreadcrumbList","@id":"https:\/\/propertyupdate.com.au\/australias-shiny-employment-figures-cant-be-interpreted-as-good-news-when-viewed-in-context\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertyupdate.com.au\/"},{"@type":"ListItem","position":2,"name":"Australia&#8217;s shiny employment figures can&#8217;t be interpreted as good news when viewed in context"}]},{"@type":"WebSite","@id":"https:\/\/propertyupdate.com.au\/#website","url":"https:\/\/propertyupdate.com.au\/","name":"Property Update","description":"Real Estate Investing Advice &amp; Strategies From Experts You Can Trust","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertyupdate.com.au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/propertyupdate.com.au\/#\/schema\/person\/1194fd42fab1735e774e31ac29f28a2b","name":"Simon Kuestenmacher","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertyupdate.com.au\/#\/schema\/person\/image\/","url":"https:\/\/propertyupdate.com.au\/wp-content\/uploads\/2020\/08\/cropped-SimonKuestenmacher-96x96.jpg","contentUrl":"https:\/\/propertyupdate.com.au\/wp-content\/uploads\/2020\/08\/cropped-SimonKuestenmacher-96x96.jpg","caption":"Simon Kuestenmacher"},"description":"Simon Kuestenmacher is one of Australia\u2019s leading demographers, co-founder of The Demographics Group, a regular media commentator, a columnist for the Australian and one of the world\u2019s Top 50 Influencers in Data Science. www.SimonKuestenmacher.com","url":"https:\/\/propertyupdate.com.au\/author\/simon-kuestenmacher\/"}]}},"_links":{"self":[{"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/posts\/156723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/comments?post=156723"}],"version-history":[{"count":0,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/posts\/156723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/media\/156728"}],"wp:attachment":[{"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/media?parent=156723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/categories?post=156723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyupdate.com.au\/wp-json\/wp\/v2\/tags?post=156723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}