Media Analysis Report On The Unemployment Of Bhp Billiton 's Job Cuts, Warns An Economist

Neither the Aboriginal and Torres Strait Islander labour force participation rate or the unemployment rate compares favourably to the equivalent non-Indigenous rates. Proportionally, fewer Aboriginal and Torres Strait Islander people were participating in the labour force, with the Aboriginal and Torres Strait Islander labour force participation rate 20.5 percentage points lower than the non-Indigenous rate (55.8% compared with 76.4%). Additionally, a greater proportion of the Aboriginal and Torres Strait Islander participating in the labour force were unemployed, with the unemployment rate more than three times higher (11.7 percentage points) than the non-Indigenous rate (17.2% compared with 5.5%)”.

Pay rates in the manufacturing sector fell below average for all the employees and those working in this sector were especially vulnerable to sector shifts, simply because they are not able to adapt to the change. 70% of the manufacturing workforce had no educational qualifications, however even skilled office workers were affected through technological change and the introduction of microprocessors in the retail and financial sector (Forest, 1995).

Good afternoon, allow me to introduce myself. I’m Braiden Simpson, advisor to the treasury. Thank you for inviting me here to speak to you today about the current economic climate and to discuss well-structured policies and strategies to ensure the sustained wellbeing and growth of the Australian economy. We are all aware that through the introduction of strong policies that stimulate economic growth, policies that protect jobs, encourage job creation and the need to keep our economy stable through well managed macro-economic policies are what is required to ensure a continued advanced Australian welfare. Macro-economic policies are concerned with policies issues and objectives that affect the whole of our economy, however there are three main

Every one of the states additionally experienced huge falls in unemployment over the recent decades (Table 3). Actually, the states with the most elevated unemployment rates in 1991 by and large experienced bigger falls. At present, the rate of unemployment is genuinely uniform over the states, with the special cases of Western Australia, where it is beneath normal, and Tasmania, where it is above normal.

Australia has changed since the mining boom. A lot people have migrated from their countries to here to get a job in the mining industry, because of the high amount of ore that is being produced here and the amount of money you earn. Since the mining boom, it has attracted a lot of people to want to come work here in the mines, but so many people want to be employed, but because there is not a job for everyone, not everyone got employed in the mining industry. See source 4 it shows you how much investment it got over the past years.Source 4- the investment in mining over the past years.

The number of unemployed people in Australia dropped to more than four-year low in October, the Australian Bureau of Statistics said on Thursday.

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

The recent unemployment rate figures and chart below were extracted from ABS and trading economics for Australia.

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.

At the same time, Qantas announced that it has plans to move some of its operations offshore in efforts to reduce the cost of labour. It seems that one way or another, all the parts of Qantas’ labour sectors including Pilots, baggage handlers and maintenance staff wanted some form of pay rise or increase in benefits which Qantas could simply not afford. The Unions representing the employees during the industrial action include the Transport Worker’s Union, Australian and International Pilots Association and the Australian Licensed Aircraft Engineers Association.

February 2012 saw ANZ confirm job cuts to 492 permanent employees, 100 of these positions to be moved overseas. In early 2013, ANZ again advised 70 “back office” employees in their wealth division that their jobs were being relocated to Bangalore in India. More recently, in the June quarter of 2013 ANZ have announced that due to the low credit growth environment and the need to

On the 18 of April 2013 BHP Billiton had released an important announcement that came with a whole new managing team;

With 19100 employees working in almost every city and town across Australia and New Zealand, which makes Woolworths Limited, is one of the largest employers in Australia, which does not have a high

During 2011 significant industrial relation events took place in Australia. One significant event that was widely reported in the media and according to Catanzartiti and Kane (2012) “captured the interest of the mainstream press more than any other case during 2011”, was the Qantas Airways Limited (Qantas) dispute”.

The unemployment rate in Queensland is currently sitting at a high, 6.5% in June 2017, well above the national average, 5.6%. Over the last 12 months, 45,000 jobs were created in Queensland. A rise in population growth has increased the unemployment rate as there are more people seeking employment.