filled by people who also have a https://www.rba.gov.au/speeches/2018/sp-dg-2018-10-17.html  4/13  10/17/2018  The State of the Labour Market | Speeches | RBA  primary job – account for around 6 per cent of total jobs, which hasn't changed much over the past five years.
Indeed, the surge in mortgage refinancings likely improved rather than worsened the financial condition of the average homeowner. Some of the equity extracted through mortgage refinancing was used to pay down more expensive, non-tax-deductible consumer debt or used to make purchases that would otherwise have been financed by more expensive and less tax-favored credit.