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 around the economy and the contingent workforce - both locally & globally, and to discuss how these may impact business in Australia and New Zealand.

1. A CXC Global Knowledge Initiative
Monthly Media Brief
Employment | The Economy | Contract Work
October 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: August – mid September 2015.
.

4. ECONOMY UPDATES
A
B C
D
24 Years with No Recession
With 24 years of no recession – a feat unmatched by any
other developed nation – Australia is hurtling towards a
radical economic shift with tempered mining activity & a
softening Chinese economy
A
New Prime Minister
With a new Prime Minister in place, whose constituents
include a generation who’ve only known prosperity,
innovation is seen as key to keep Australia’s growth
sustainable
B
International Events Sour Investor Interest
The unprecedented wealth created from the mining boom
& China’s insatiable appetite for our natural resources has
seen a drop in unemployment over the past 10 years and
wage growth in the last 5 years, like never before
C
Rebalancing
With our economic growth faltering, ‘rebalancing’ is
seen as critical now under Turnbull, and is coming
into parlance rather than the concept of ‘recession’
D

5. JOBS OUTLOOK
Below, a summary of the coverage around jobs outlook for
Australia for the period: August – mid September 2015.

6. JOBS OUTLOOK
An 11% rise in
job ads in August
2015 compared
to the same time
last year,
according to
SEEK
Rise in Job Ads
As resources roles decline,
there’s uptake in other
industries including
education & training (32%
YoY increase), followed by
farming, animals &
conservation (26% YoY
increase), design &
architecture (23% YoY
increase), and call centre
& customer services (22%
YoY increase)
Decline in
Resources Roles
Non-mining
economies are
showing jobs
strength in the
ACT, NSW, Tas
& Vic
Non-Mining
Jobs Strength
Wage growth in Australia hits
record low – in the private sector,
at just 0.5% for the second
consecutive quarter. The public
sector had slightly better growth
at 0.57% for the same period.
Ordinarily, an increase in hours
worked would be accompanied by
improvement in wages, but
instead the opposite has
occurred. The reason being an
increase in the space capacity of
the labour market
Low Wage Growth
Clear declines in
jobs are evident in
WA and NT. SA is
softening, despite
lesser reliance on
mining, but heavier
on manufacturing
WA and NT
Decline in Jobs
CBA D E

7. CONTINGENT
WORKFORCE
COVERAGE

8. CONTINGENT
WORKFORCE
COVERAGE
Flexible workforce continues
its evolution according to
Ardent Partners’ ‘State of
Contingent Workforce
Management’ study released
recently, in partnership with
Fieldglass
The concept of external
workforces (non-permanent
hires) are growing ‘out of
control’

9. SOMETHING INTERESTING IS HAPPENING…
UBER
1
The world’s largest
media owner
creates no content
FACEBOOK
2
The most valuable
retailer has no
inventory
ALIBABA
3
The world’s largest
accommodation
provider owns no
real estate.
AIR BNB
4
The world’s largest
taxi company
owns no vehicles

10. Sources
Economy & Jobs:
1. Economy - http://bit.ly/1jVvOnz
Contract Work:
1. Freelance numbers in Australia http://bit.ly/1UzRm6D
2. Design-led MSPs http://bit.ly/1UDOwRw
3. Ranstad report http://bit.ly/1LZ9fYC
4. The traditional worker turned freelance worker http://bit.ly/1LZ9GSI
5. Is the gig economy over-hyped? http://bit.ly/1LZa9nV

11. 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