#Unemployment
Unemployment at 4.5 per cent and rising as April jobs data shows broad employment fall
Fewer jobs, more competition for each one. The ABS April labour force figures confirm what many in the market have been feeling.
Australian underemployment at lowest levels since 2008
As the Australian jobs market continues to strengthen, latest figures from the ABS indicate the underemployment rate has hit a 14-year low.
Budget’s JobTrainer Fund extension only one step towards addressing youth unemployment
Mary Malak, CEO of humanity matters, responds to the budget announcement regarding the extension of the JobTrainer fund.
Australia’s unemployment rate is creeping up but the real danger is underemployment
Australia’s unemployment rate increased to 6.9 per cent in September, however Australians should be focusing on another more troubling labour statistic. The latest ABS data showed that the underemployment rate also increased to 11.4 per cent in September (3 pts higher than a year ago). “Even before the pandemic, underemployment in Australia was persistently high,” said Matt […]
Unemployment rate drops, defying forecasts
Official ABS figures released today show that the unemployment rate has fallen to 6.8 per cent in August, down from 7.5 per cent in July. This drop contrasts widespread predictions of rising unemployment. Despite stage 4 lockdowns in Melbourne and stage 3 lockdowns across regional Victoria, national employment increased by 111,000 people between July and […]
Ideal jobless rate ‘some time away’: RBA
Reserve Bank of Australia board members agreed back-to-back cash rate cuts were necessary to eat into spare labour market capacity, but a high participation rate and an expanding working age population means it will take “some time” to achieve the ideal jobless rate. Minutes from the RBA’s July 2 meeting show members agreed a consecutive […]
“Best year for jobs growth ever” in 2017: Cash
Labor force figures released by the ABS this week show more than 403,000 jobs were created in Australia in 2017, with Minister for Jobs and Innovation Michaelia Cash proclaiming it the “best year for jobs growth ever”. The ABS figures also show that the number of jobs increased for the 15th straight month in December, […]
NSW unemployment hits five-year low
Unemployment has hit a five-year low in NSW, dropping to 4.6% – more than a full percentage point below the next best state and almost a full percentage point below the national average. The latest figures from the ABS show 21,100 new jobs were added in September, about 2.5 times more than Victoria, the next closest state. […]
Mental health issues driving unemployment among young Aussies
A jump in mental health conditions among the country’s 18-24 year-olds has led to a big rise in the number of young Australians looking for work.
Calls for Budget job priority as unemployment rises
Unions are calling for the Abbott Government to make employment the focus of next week’s Federal Budget, as new ABS figures reveal an increase in unemployment.
Brawl over ABS data as part-time jobs collapse
Users of Australian Bureau of Statistics data may be required to pay for access after Treasurer Joe Hockey raised concerns about the Bureau’s funding after it owned up to errors in its calculation of monthly jobs figures.
IMF : Australian unemployment second highest in Asia Pacific
The IMF has assumed Australia’s unemployment rate to be the second highest in the Asia Pacific region over the next two years as it cut growth forecasts and raised the likelihood of global recession from 20 to 33 per cent.
Australia hits highest monthly employment rise
August saw the largest monthly employment increase in the 35 years that the Australian Bureau of Statistics has been generating records.
Business must play role in reducing national health costs
One of Australia’s business leaders has championed the fight against unemployment as a means to improve national health outcomes and called on business to play a leading role. Head of the Australian Chamber of Commerce and Industry, Kate Carnell, this week said there were significant health savings to be made by helping unemployed people into […]
Tasmanian jobless told to pick fruit
Government Senate leader Eric Abetz says unemployed young Tasmanians should not be subsidised by working Australians and instead take up work as fruit pickers.
Early indications show job decline easing
In 2013 the overall number of job advertisements declined by 9 per cent, suggesting that employers are hesitating to take on new staff.
Our business forecast for 2013
Australia’s economic conditions are predicted by some to take a downward turn in 2013, meaning employers large and small are growing anxious about an economic slump and the potential for China’s growth to go into reverse.
Unemployment rate up in July
The unemployment rate climbed from 4.9 percent in June to 5.1 percent last month; rising a seasonally adjusted 0.1 percent according to the Australian Bureau of Statistics (ABS).
Are we headed for another downturn?
Brad Callaughan blogs about developing new business strategies to prepare for a potential downturn. “In times like these, cashflow will be your biggest issue. Debtors are paying in 30 to 60 days but creditors still want their payment within 7 to 14 days. A cash flow forecast with a strong focus on collections is how to keep your head above water.”
Job loss third on ‘most stressful’ events list
Australians are more stressed about losing their job than they are about getting divorced, according to results of a survey conducted by Newspoll on behalf of Suncorp Life. Losing a job ranked third on a list of seven events Australians found most stressful.
Australia’s unemployment rate remains at 5.0 percent in January
Australia’s unemployment rate remains at 5.0 percent in January after Australia’s unemployment rate dropped 0.2 percentage points to 5.0 percent in December, the Australian Bureau of Statistics announced today.
Many Brisbane businesses not expected to survive Queensland floods
Many businesses, especially primary producers, are not expected to survive the recent Queensland flood crisis, according to Brisbane Accountancy firm, elliotts.
5 tips to help your business recover from disaster
For the thousands of businesses affected by devastating floods in Queensland and Victoria, as the physical cleanup is completed they now need to plan their business recovery.
Australia’s unemployment rate falls to 5%
Australia’s unemployment rate has dropped 0.2 percentage points to 5.0 percent in December, putting pressure on businesses to pay higher wages to retain or recruit employees, as announced by the Australian Bureau of Statistics today.