I have been getting up to speed with the topic of unemployment in Australia. An overview of the unemployment rate over the last decade:
- Lots of news stories of job cuts- Toyota, Ford, Rio Tinto, QLD Government
- And job cut speculation- Fairfax, NAB, Tafe, Macquarie
- Experts believe unemployment will rise to a max of 6% by the end of the year (ABC News excerpt)
- Unemployment in June has come down from 6.3% in 2002, to 5.1% in 2012, fluctuating between 6.1% and 4.2% in the years between (ABS Statistics).
- Job gains in service related areas and mining.
- Job losses in retail and manufacturing.
An overview of the services provided to the unemployed by the government:
- There are many services to help you get employed, not many on how to deal with unemployment, or how to be less reliant on your employment. E.g. Youth Allowance, NewStart, Local Connections to Work,
- There is a focus on youth and the long term unemployed, not so much on the recently unemployed.
- Many services are finance based with occasional skills training (writing a resume etc.), not focused on lifestyle or upskilling.
Other food for thought:
- Job cuts impacting homelessness, here
- It’s a hot topic- 132 results for ‘job cuts’ on ABC News in 2012 alone (22 per month)
- Being ‘underemployed’ i.e. wanting to work more hours but being unable to.
- “Persons not in the labour force represent that group of the population who, during the reference week of the ABS monthly Labour Force Survey (LFS), are neither employed nor unemployed” Meaning they are looking for jobs but unable to work, or not looking for jobs but able to work.
- Interesting break downs of the labour force from the ‘2010-11 Multipurpose Household Survey (MPHS)‘
People groups in ‘barriers to increased labour force participation’
Main reasons for available people not looking for more work
Main difficulties in finding more work