Unemployment rises to 12-year high
Australia’s unemployment level has jumped to its highest point in twelve years, climbing another 0.3 per cent from December’s employment rate.
Australia’s unemployment level has jumped to its highest point in twelve years, climbing another 0.3 per cent from December’s employment rate.
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.
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.
August saw the largest monthly employment increase in the 35 years that the Australian Bureau of Statistics has been generating records.
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 […]
Government Senate leader Eric Abetz says unemployed young Tasmanians should not be subsidised by working Australians and instead take up work as fruit pickers.
In 2013 the overall number of job advertisements declined by 9 per cent, suggesting that employers are hesitating to take on new staff.
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.
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).
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.”