U.S. jobs up, but the cost of living is still higher than before the Great Recession
Posted On July 12, 2021
Job seekers in the U.K. and Australia are flocking to job fairs to try to find a better job, but they’re also paying the price in rising costs of living, according to the Economist Intelligence Unit.
Job seekers in both countries are looking for better pay, better benefits, and more flexible hours to find more jobs, according the research group.
In Australia, the average full-time worker earns about $30,000, while the average salaried worker earns $32,000.
In the U, full- and part-time workers are now earning on average $27,000 more than in 2010, according a report from the Economist.
The Economist noted that U.N. figures showed that the cost to consumers of living in Australia and the U., combined, were $8,000 higher than the cost in the first half of 2017.
The average U.A. wage has also increased over the last few years by more than 2 percent.
The cost of housing in Australia is also rising, according with a report by the Australian National University.
The average house in the United Kingdom is now worth $4,000 to $6,000 less than in the past, according for the Institute of Economic Affairs.
The Economist also noted that the average rent in London is up by $300 since the start of the financial crisis.