Tag: Unemployment

An Australia Institute report reveals discrepancies in Australian unemployment calculation.

The Australian Bureau of Statistics released the latest unemployment data for the month of December, revealing a seasonally adjusted unemployment rate of 3.5 per cent.

As the Australian jobs market continues to strengthen, latest figures from the ABS indicate the underemployment rate has hit a 14-year low.

Mary Malak, CEO of humanity matters, responds to the budget announcement regarding the extension of the JobTrainer fund.

The data shows that the number of renters that have lost their jobs or worked less hours during the pandemic is almost twice that of mortgage holders.

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 […]

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 […]

A new study has shown that finding a job in Australia is twice as competitive as the beginning of the year, despite the job market improving.  With the unemployment rate being the highest it has been since 1998, many Australians now find themselves searching for work. The study by LinkedIn shows that while the job market […]

JobKeeper is the definition of policy made on the run. At the time, it was very important to roll something out quickly to cushion the full brunt of the economic fallout of COVID-19. However, now that the scheme has been running for a few weeks, and with recent developments around the scheme’s true cost, there […]

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 […]