Australian Employment Policy Analysis

The present study will aim to address the labour shortage in Australia that ultimately affects the economic growth of the country. From this perspective, Gavin (2010) points out that “The minerals and energy industry continues to make a significant contribution to employment and wider economic activity in the communities of regional Australia, and to governments directly through taxes and royalties. Skilled labour shortages; however, will continue to have an impact on the nation’s future growth and development prospects, especially in the minerals and energy industry” (p. 1).

Although this is a rather large issue, we are able to put an end to poverty in Australia. This is why there are welfare

Since the 1990’s 75% of new jobs created have been casual. Structural reform has lead to underemployment within the labour force, where employees are working less than full time hours and are willing to work more hours. The average Australian works only 16 hours a week and 1 in 3 part-time employees’ want more hours indicating the under-utilization of the Australian labour force. In addition, by 2013 to 2014 only 30% of occupations experienced skill shortages in relation to the 2007-08 periods which saw skill shortages increase by

There are many types of employment available in many industries from the Mcdonald's worker to a business executive in a multi billion dollar company. The type of jobs and fields available to the Australian labour force is massive but certain circumstances prevent some people to obtain jobs such as

Unemployment has been a trend in past few years. The statistics suggests that the jobless rates are significantly higher than the opportunities at stake, and this has been the greatest downfall for the youngsters

This report analyses some of the issues raised in the article which was published by The Sydney Morning Herald on 27/02/2015. The issues discussed in this article revolve around the current state of affairs affecting Australia nationwide. According to this article, unemployment in Australia has risen dramatically since the financial crisis. It is claimed by the welfares that in the long term unemployed people will be affected mentally and physically. The Australian Bureau of Statistics (ABS) analysed that unemployment rate has increased more than 150 per cent since mid-2008 and

Unemployment is one of the most serious issues that industrialised countries are facing nowadays. It is indeed an indisputable situation that unemployment rates are continuously increasing. Australian Bureau of Statistics expressed unemployment as the “Person rates of labour underutilisation underestimate the true level of labour underutilisation in Australia”(Australian Bureau of Statistics 2012d; 3). It is a situation where an individual is actively searching for job but unable to get for a period of time. Since the mid-1970s Australia’s has experienced its longest period of persistently high unemployment in its history (Mitchell, 1996). Unemployment rate is an important indicator of economy’s status. ABS is responsible for measuring unemployment

The unemployed may also not be improving their own skill set to the required level employers are looking for. In relation to Murray, behaviour outside of work may also contribute to unemployment such as alcohol and substance abuse.

Employment is a determinant of the cash rate; the RBA aims to set a cash rate that maintains full employment in Australia. A higher unemployment rate increases the possibility of a rate cut as lower rates boost business spending and investment which consequently boosts employment. Employment has been varied across Australia, with capital cities experiencing more employment growth than regional areas. Unemployment across Australia has been varied, Tasmania, South Australia and Western Australia have had more fluctuations whereas New South Wales, Victoria and Queensland have experienced less fluctuations. Overall, there has not been a significant drop in the unemployment rate which can enable the RBA to increase the cash rate.

Australia’s current unemployment rate is at 6.3% , which is 1.3% above the target goal. This figure is affected by various factors. Due to mining plants running out of resources, some jobs have been cut and exports have been decreased

According to figures released by the Australian Bureau of Statistics, the trend employment in April 2017 increased by 19,900 people, to 12,071,300 people. The annual growth employment rate of 1.3% per cent is still below the average growth rate of 1.8% over the past 20 years. And trend unemployment rate in Australia remained at 5.8% for the fourth consecutive month. The seasonally adjusted wage price index (WPI) rose 0.5% in the March 2017 quarter, up 1.9% per cent from last year. The labor market will be the focus of RBA and the unemployment rate is expected to decline gradually over time.

Australia can boast of having one of the world’s largest economies; however, with the mining and the commodities boom at an end, the economy is slowing down. The economy grew by 0.9% in the March quarter of 2015. Job vacancy figures of the mining industry have demonstrated a decline of 10.9% in a year. As of July 2015, the unemployment rate had risen from 6.1% to 6.3%. Despite the weakening economy, low consumer confidence and sales, Australians are still spending 2.7% more on other goods than in 2014.

Some unemployment in the country is due to the fact that companies do not want people who do not have the skills that they expect. So this mismatch between skills sets of the unemployed people and the employer can never be met unless people can be trained in that

There are many reasons for unemployment in the United States and around the world. Some of these causes are created by the individual and others are out of their control. No matter what the cause for unemployment, it has a devastating effect on the individual, family, and economy.

There are different factors that are responsible for causing the unemployment to rise or to drop. These can be included as some of the causes of unemployment in a country. In this case I am referring to the types of unemployment, that explain some of the most important factors that lead to the unemployment in a nation. When people are unemployed and in the search of new jobs they usually look for the job that better match with them; in other words, the job that best relate with their abilities, knowledge, preparation and all skills. The same thing is done by all kind of business because employers always want the person that can do the best work. The short time it took for finding the desire occupation or the needed worker is known as Frictional Unemployment, which is one of the types of unemployment. Frictional Unemployment influence the unemployment rate to increase, but it is impossible to eliminate it because companies and firms always look for the best person to occupy a post, and on the other hand people always look for jobs where they can feel comfortable, so this factor will always be influencing the rate of unemployment. This is not bad at all because with this selective mode people and companies find what they really want and this make the efficiency to be better, so this cause more productivity which is a positive sign for the economy.