Job security a key factor for consumer sentiment and essential for growth transition

Job security a key factor for consumer sentiment and essential for growth transition. Michael Blythe, Chief Economist at CBA, says job security is a data set he will watch closely in 2015. I will be watching measures of job security very closely. I think elevated fears explain much of the weakness in consumer sentiment and wages growth, the desire to save and the reluctance to borrow (outside of housing). So it is the key to the consumer story and an essential part on the growth transition. The data is from Melbourne Institute/WBC and is published on a monthly basis. Full article via The SMH is available here: (VIEW LINK)

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