Doom and Gloom. Talk of a Recession.

[heater31]

Then explain why construction industry is going backwards at great speed and companies are closing left right and centre.

Yes we are performing better than most but still it is not that great. Heck even the company I work for was forced to let a staff member go last week due to the lack of work.


Thankfully my position is classified as essential because if mine goes then so does the rest of my work colleague's jobs

[bulldogproud2]

Read my previous post, Heater. It pretty much explains it.

As for companies closing left, right and centre, let us not forget that we have over 1.2 million businesses in Australia.
We hear of the closure of three or four and it is all 'doom and gloom'. Let us not forget that we probably saw 20 others commence at the same time that these three or four closed down.

At the same time, my heart does go out to anyone who does lose their job as a result of business closure.

[heater31]

Read my previous post, Heater. It pretty much explains it.

Cheers

It appears we were typing at the same time.....

[bulldogproud2]

Read my previous post, Heater. It pretty much explains it.

Cheers

It appears we were typing at the same time.....

True, my friend!

Cheers

[bulldogproud2]

Then explain why construction industry is going backwards at great speed and companies are closing left right and centre.

Yes we are performing better than most but still it is not that great. Heck even the company I work for was forced to let a staff member go last week due to the lack of work.


Thankfully my position is classified as essential because if mine goes then so does the rest of my work colleague's jobs

Not only are we performing 'better than most', when you look at the unemployment and inflation figures combined, we are doing pretty much better than Australia ever has in its entire history!!

Get rid of a certain 'scare mongerer' who likes to put his own country down just for his own personal political gain and has no interest in the welfare of the nation itself and the picture will be very rosy!

Cheers

[southee]

So I take it you are heavily involved in the construction industry ?

Talk to contractors, builders and suppliers bulldog??

Mate, you are spinning off statistics, data etc...

There are contractors out there still in the business with no work but are not regstered as unemployed. There are people working part time with min. hours. who are not in the unemployment data.

Things will only get worse before they get better. Its just the government need to do something about it now intead of all this BS about the word "shame" and other trival matters.

I speak to may in the industry and its absolutely dead out there.

I dont see where you are getting your "rosey" picture from???

[bulldogproud2]

Southee,

There are always people who are underemployed. That does not change the fact we currently have one of the lowest levels of unemployment in our history.
Additionally, perhaps some of the firms in the construction industry became too complacent during the times that were good?? Remember the amount of work which they were given as a result of the stimulus packages? Perhaps if they had 'trimmed the fat' a little during these times they would still be operating successfully today??

That said, of course there is less work than before. The stimulus ensured a lot of work was done two to three years ago - did you hear many complaining at that time??
Have to take the bad with the good.

Cheers

[heater31]

Some companies are operating on 40% of normal turn over.

Staff members leave for various reasons and are not replaced. New market competition move in to carve up the pie even more.


Most of the sub-contractors were not around for the late 80's/ early 90's down turn they don't know what to do. Others see the writing on the wall and get out.

Not sure if the tertiary institution I attended would be bragging about its 98% full time work placement figures with in 12 months of completion of study

[test]

Biggest commercial plumber contractor in the state has cut 20 blokes in the last 2 weeks, it's biggest lay off in their 40 year history.

[southee]

Biggest commercial plumber contractor in the state has cut 20 blokes in the last 2 weeks, it's biggest lay off in their 40 year history.

Bad news for those guys going home to tell the families while still trying to pay their bills and mortgages .

Try telling them that the current state of economic affairs are all good and don't be do pessimistic about it !!

If you don't think things are bad at present you are living in a dream world !

The government have no more money to give ... They are broke themselves !!

Well done Swanny and muppets !!

[overloaded]

Like I have said before, there is work out there now but there are sweet FA new jobs coming online. The construction industry always operates on a 3 to 6 month lag. You can spin all the stats and rhetoric you like but I can guarantee you that in 6 months time the industry will be on it knees.

[Cambridge Clarrie]

Like I have said before, there is work out there now but there are sweet FA new jobs coming online. The construction industry always operates on a 3 to 6 month lag. You can spin all the stats and rhetoric you like but I can guarantee you that in 6 months time the industry will be on it knees.

Very concerning. Unfortunately, you can't just go handing out billions to stimulate the economy on an annual basis...

Recession is a technical term. Whether we have one by the strict definition or not, this is the darkest time I've had to live through (as an adult).

Why do these periods seem to coincide with Labor Governments???

[southee]

Like I have said before, there is work out there now but there are sweet FA new jobs coming online. The construction industry always operates on a 3 to 6 month lag. You can spin all the stats and rhetoric you like but I can guarantee you that in 6 months time the industry will be on it knees.

Very concerning. Unfortunately, you can't just go handing out billions to stimulate the economy on an annual basis...

Recession is a technical term. Whether we have one by the strict definition or not, this is the darkest time I've had to live through (as an adult).

Why do these periods seem to coincide with Labor Governments???

Excellent point Clarrie !

[bulldogproud2]

As for the construction industry, the levels of work are actually higher than they were in 2008 and 2009.
Additionally, the last two months have seen growth in the number of building approvals as shown in these graphs from the ABS:

http://www.abs.gov.au/ausstats/abs@.nsf ... num=&view=

As for recessions, 75% of Australia's recessions have occurred when a Liberal Government have been in power.

Cheers

[heater31]

As for the construction industry, the levels of work are actually higher than they were in 2008 and 2009.
Additionally, the last two months have seen growth in the number of building approvals as shown in these graphs from the ABS:

http://www.abs.gov.au/ausstats/abs@.nsf ... num=&view=

As for recessions, 75% of Australia's recessions have occurred when a Liberal Government have been in power.

Cheers

Can't agree on that. My present work output is around half of 2009 levels per week.

[bulldogproud2]

As for the construction industry, the levels of work are actually higher than they were in 2008 and 2009.
Additionally, the last two months have seen growth in the number of building approvals as shown in these graphs from the ABS:

http://www.abs.gov.au/ausstats/abs@.nsf ... num=&view=

As for recessions, 75% of Australia's recessions have occurred when a Liberal Government have been in power.

Cheers

Can't agree on that. My present work output is around half of 2009 levels per week.

Well, I think you have to go with official ABS statistics, don't you??

[heater31]

As for the construction industry, the levels of work are actually higher than they were in 2008 and 2009.
Additionally, the last two months have seen growth in the number of building approvals as shown in these graphs from the ABS:

http://www.abs.gov.au/ausstats/abs@.nsf ... num=&view=

As for recessions, 75% of Australia's recessions have occurred when a Liberal Government have been in power.

Cheers

Can't agree on that. My present work output is around half of 2009 levels per week.

Well, I think you have to go with official ABS statistics, don't you??

Nope because I'm at the coal front and those figures are just plain wrong.

Back in 2009 we had over 50 new contracts per month, this year we are scrambling to get half of that.

[Sojourner]

How long has it been since one hour a week is consdered "empolyed"? What does the figure go up to when you add in people who want more hours who currently earn far less than the minimum wage? Perhaps lets also add in those whose partners work and are off the grid but are still seeking work anyway?

Hows the trend with the Cancellation of Full Time Jobs as opposed to the Creation of Part Time work?

[FlyingHigh]

The ABS has always considered one hour a week to be actively employed.
But, agree, you need to look behind the raw unemployment rate and look at the changes in the participation numbers, ie those actively seeking work, and probably then even compare the participation numbers to the number of people of employable age, given this will also change over a medium-longer term.

[bulldogproud2]

As for the construction industry, the levels of work are actually higher than they were in 2008 and 2009.
Additionally, the last two months have seen growth in the number of building approvals as shown in these graphs from the ABS:

http://www.abs.gov.au/ausstats/abs@.nsf ... num=&view=

As for recessions, 75% of Australia's recessions have occurred when a Liberal Government have been in power.

Cheers

Can't agree on that. My present work output is around half of 2009 levels per week.

Well, I think you have to go with official ABS statistics, don't you??

Nope because I'm at the coal front and those figures are just plain wrong.

Back in 2009 we had over 50 new contracts per month, this year we are scrambling to get half of that.

Sorry, but the ABS Statistics are the official statistics. Arguing against them is like arguing that there IS a Father Christmas.
It may well be that the South Australian position may be poor compared to the rest of the nation though.
It has been said that a number of Civil Construction firms may look for work outside of South Australia.
Interesting to hear on the news tonight though that the number of people looking to buy a new home is at a three year high at the moment.

Cheers