Job Market Monitor
Australia
Toyota in Australia – To cut 2,600 jobs
Japanese auto major Toyota Motor Corp. (TM: Quote) Wednesday said its production and sales subsidiary in Australia, Toyota Motor Corp. Australia Ltd. or TMCA, would consolidate its corporate functions in Melbourne, that will lead to closure of operations in Sydney. Toyota Motor noted that TMCA’s new business structure will be from 2018 onward. According to … Continue reading
Australia – The Unemployment Union myth-busting
Australia’s inhumane welfare system is based on a number of Myth: Click on the links below and help us BUST THE 10 MYTHS that prop up our unfair Welfare system. MYTH #1: “The Australian government spends too much on welfare“ MYTH #2: “Australia spends too much on Unemployment benefits” MYTH #3: “Newstart is a temporary payment“ MYTH #4: “In Australia, anyone can get a job if they try … Continue reading
Australia – Investigations on The Labour Force estimates
This statement provides background information on issues identified in seasonally adjusted labour force estimates over the period July-September 2014, on the investigations undertaken to understand these issues and the proposed approach for the release of the October 2014 labour force estimates on 6 November 2014. The key points are: The ABS took the unusual step … Continue reading
Australia – Unemployment at 6.2%, still near 12-year high
Australia’s jobless rate remained at the highest level in almost 12 years, a sign that many businesses are reluctant to hire in an uncertain economic climate and that interest rates may need to stay at record lows for a while yet. Unemployment stayed at a higher-than-expected 6.2% in October, the same as the recently revised … Continue reading
Australia – Vocational education and training (Infographics)
This infographic provides a snapshot of Australia’s publicly funded vocational education and training sector. It presents statistics about student characteristics, qualifications completed, where and what students studied, and participation rates. Statistics about young people’s participation in education and training is also presented. Chosen excerpts by Job Market Monitor. Read the whole story at Snapshot of vocational … Continue reading
Australia – Foreign students find it extremely difficult to get professional work
International graduates find it extremely difficult to get professional work in Australia, despite having qualifications in areas of supposed skills shortages, a three-year study has found. The accounting, nursing and engineering graduates in the study encountered multiple barriers to getting a job, including a tough jobs market and local firms unwilling to take on staff … Continue reading
Australia – The most dangerous jobs
Using data from 2012 Australia’s top 10 most dangerous jobs were identified by a life insurance comparisons website and some of the professions with the highest risk aren’t what you might expect. Chosen excerpts by Job Market Monitor. Read the whole story at The Most Dangerous Jobs In Australia – Business Insider.
Australia – Labor market remained subdued but had stabilized somewhat this year says RBA
Australia’s central bank said the labor market remained subdued but had stabilized somewhat this year, adding it had based its assessment on a range of data given the volatility in the official labor force survey.In minutes of its Oct 7 policy meeting, the Reserve Bank of Australia (RBA) also reiterated that the most prudent course … Continue reading
Australia August 2014 Job Report – The largest monthly increase in jobs on record
The largest monthly increase in jobs on record has pushed the unemployment rate back down to 6.1 per cent. An estimated 121,000 jobs were added in August, which is well ahead of any previous monthly jobs gain recorded in ABS figures that go back to 1978. Economists had expected the unemployment rate to fall back … Continue reading
Mining in Australia – Unemployment double national rate
Professionals in Australia’s minerals industry are experiencing double the average national unemployment rate, a survey has revealed. Research by the Australasian Institute of Mining and Metallurgy (AusIMM) showed the unemployment rate amongst workers, such as geologists and mining engineers, was 12.2 per cent. The institute’s chief executive, Michael Catchpole, said changes in commodity prices, cost-cutting … Continue reading
Youth unemployment in Australia – The Brotherhood of St Laurence has just released a new report
The Brotherhood of St Laurence has today released a new report on the growing scourge of youth unemployment and underemployment in Australia, which is at the worst level since records began in 1978, with more than 580,000 Australians aged 15 to 24 either under-employed or unemployed: Today, young people are more likely to be underemployed … Continue reading
Australia – Unemployment and poor health are linked says the Australian Chamber of Commerce and Industry’s CEO
The Australian Chamber of Commerce and Industry has called on government, business and the wider community to make an extra effort in lifting the participation of marginalised groups into training or work, particularly the young. In a joint address to the National Press Club focussed on the social determinants of health, ACCI CEO, Kate Carnell, … Continue reading
Australia, Jul 2014 – Unemployment jumps to 12-year high
Australia’s unemployment rate increased by 0.3 percentage points (based on unrounded estimates) to 6.4% in July 2014 (seasonally adjusted). The increased unemployment rate resulted from increased participation with the number of persons in the labour force increasing by 43,400 persons, and the number of employed persons decreasing by 300. The net result was the number … Continue reading
Unemployment rate in Australia – Back to 10-year high
AUSTRALIA’S unemployment rate has bounced back to six per cent, with some economists flagging it could climb higher. THE unemployment rate rose in June from a revised 5.9 per cent for May, largely because of an increase in the number of people looking for work. The jobless rate is now back where it was at … Continue reading
Australia – To raise the nation’s retirement age to 70
Australian Treasurer Joe Hockey wants to raise the nation’s retirement age to 70, the highest in the world, to prevent an aging population from draining state coffers. Miner Noel Chatterton laughs at the idea.“Good luck with that,” said the driller, who at 48 will be among the vanguard of workers who would be affected by … Continue reading
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