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Monday, 7 May 2018

Record jobs boom to fade?

Employment growth to slow, finally

Roy Morgan Research released its April 2018 employment survey results.

And there's a suggestion that the record employment growth bonanza enjoyed through 2017 and into early 2018 may not be sustained for the remainder of this year.

Roy Morgan also estimates part time employment to be at a record high, with 1.35 million underemployed. 

On the plus side, jobs vacancies surveys generally continue to point to decent employment growth ahead. 

The annual growth in employment hit a record high in absolute terms early in 2018.

This helped to boost corporation and personal tax receipts to the extent that tomorrow's Federal Budget may yet report Australia returning to surplus sooner than expected. 

The Coalition could certainly use a few good news stories right now.