The Australian dollar has been up recently and that can lead to job creation. Both retail and manufacturing jobs are being created. When the dollar increases against the euro, it means the Australian dollar should be strong.
Since there is unemployment in the U.S., some economists say it might mean the American economy is coming back into shape and, because of this, it’s better for the dollar to be rising as well. I don’t think the Australian dollar will fall, but this may be a good time to buy some U.S. stock and get a bit of foreign currency for use in the United States.
As far as job creation goes, there was an interesting study just released that showed the U.S. dollar has increased by only one percent over the past year, but that shows the Australian dollar can be stronger as well. The world’s largest economy is coming out of recession and that means many people are getting back to work. It also means more people may want to be self-employed or work for smaller businesses.
With the manufacturing sector not growing, it means more retail jobs are needed and more manufacturers are looking for workers. While there is no way to tell if the dollar will fall or rise, the outlook for jobs, especially retail jobs, is looking positive.
One good news for the property market is that not all real estate is booming. For example, the Bay area of San Francisco saw some home prices rise, but many home owners are now looking at finding smaller properties for sale.
In the last two months, the Australian dollar has been strong against the dollar, but those who invest in stocks and other real estate are seeing those values increase. More investment opportunities are available.
Retail sales are expected to improve as well. Retail workers are also returning to work, but the demand for them is still strong.
Finally, there are plenty of new jobs to go around and that means more companies are hiring. It will be nice to see more businesses hire full-time employees because many small businesses are struggling to find the labor they need.
Businesses in the retail industry will benefit from the strengthening Australian dollar. If the dollar stays up against the euro, it will help retail sales.
With the retail industry producing more jobs than in years past, there is a strong chance that the Australian dollar will remain up as well. Some business owners may decide to go with their own currencies and that will help Australia’s manufacturing sector.
Overall, the retail industry is having trouble finding enough employees because many new businesses are downsizing. If the dollar stays strong, that means more people will be able to find work and the retail industry will benefit from this.