Positive Skills Assessment ICT Security Specialist 06/2012 ** IELTS results 09/2012 ** EOI sent 07/2012 ** SA SS sent 09/2012 ** SA SS approved & Visa invitation rec'd 12/2012 ** 190 Visa application sent 12/2012 ** CO Allocated 15/01/2013 ** Medicals and PCC 18/01/2013 27/05/2013 Visa Granted!!!
| || |
Last edited by Jessica Berry; 18-03-2014 at 10:38 AM.
Article below I received as part of an April 2014 financial newsletter......
Unemployment on the rise?
Australia's unemployment rate had remained relatively low since the onset of the global financial crisis (GFC), despite poor hiring intentions in business surveys, falling job advertisements and numerous reports of job losses. Both anecdotally and based on other survey data, the Australian labour market is weaker than the official employment data would suggest. And while the plural of anecdote is not data, it is nonetheless worth examining further whether the official data or other indicators are providing the more accurate snap-shot of the labour market.
Discouraged workers leaving the job pool – keeping unemployment low for now
The first critical point is to understand how shifts in the participation rate have prevented the unemployment rate from rising more sharply, where the participation rate is defined as the number of people who are either currently employed or are willing, able, and actively seeking employment. For example, women (or men) who have opted to stay at home to care for children are not considered to be in the labour force as they are not currently seeking employment. They would not be considered unemployed, even if the decision to stay at home had been prompted by a lack of suitable employment possibilities.
With this in mind, in some areas where economic conditions have been especially weak, the participation rate has fallen substantially as workers get discouraged and stop looking for work (such as the in the manufacturing and retail sectors).
Likewise the youth unemployment rate is currently above 16%, but if the participation rate hadn't fallen, it would be over 20%. While younger people can remain out of the workforce by remaining in school or entering further study, the important point is that at some time they must graduate, hence the decline in their participation rates can't be sustained indefinitely. When they do emerge from study, unless hiring has picked up, they are likely to join the ranks of the unemployed.
Changing demographics - potentially a long term downward shift in unemployment
Besides the 'discouraged worker effect', demographic factors also play a hand in keeping the participation rate low. Specifically, the influence of the baby boomers. In short, the baby boom generation is now entering the 65 plus age cohort – retirement. This is important because as people hit 55 and then 60 and 65, the proportion of people remaining in the workforce tends to drop sharply and the participation rate declines. Because so many more people are now entering these age groups (the baby boomers), many more people are now dropping out of the workforce than was the case a few years ago. Or expressed more simply, because one of the largest 'generations' and population cohorts are now leaving the labour market, the overall nationwide participation rate is starting to fall, holding down the unemployment rate.
What is the most recent labour force data showing?
The Labour Force Survey in January painted a bleak picture of employment conditions. First, unemployment rose to 6% from 5.8%, which is the highest rate seen in 10 years and therefore higher than any stage during the GFC. Second, while labour force participation remained unchanged (64.5%), it is still the lowest since 2006. Third, total employment fell by 3,900 in January which was driven by yet another fall in full-time jobs (-7,900). There are now 91,000 less full time jobs than there were a year ago. Finally, this result is consistent with other measures of labour demand, such as subdued business hiring intentions, weak job advertisements growth (although there are some signs that this is turning), and anecdotes of further employee headcount cuts among some of Australia's largest companies. Qantas being the most recent announcing 5,000 jobs cuts.
The main take out from these data is that unemployment is continuing to rise, although this is somewhat consistent with the Reserve Bank of Australia's (RBA) view. While this data shouldn't shift market expectations, further rises in unemployment at a pace similar to January will certainly be an unwanted development for policymakers, particularly given the emphasis on the resurgence of the household sector required for the economy's rebalancing in the year ahead. The consecutive falls in full time jobs, coupled with slowing wages, also have negative implications for household disposable income, and therefore the capacity and appetite for households to spend.
Given the ongoing challenges the economy will face during its rebalancing phase, we continue to believe that unemployment will rise towards 6.5% in the year ahead, which will certainly challenge the RBA's view that the economy is undergoing a smooth transition away from resource-related activity.
These negative posts aren't inline with 'the lucky country'.
Australia's unemployment rate has risen to 6 per cent, despite almost 16,000 jobs being added.
The Bureau of Statistics figures for June show a 0.1 percentage point increase from last month's upwardly revised jobless rate of 5.9 per cent, which was originally reported as being 5.8 per cent in last month's release.
•NSW: Unemployment steady at 5.7 per cent
•Vic: Unemployment up from 6.2 to 6.5 per cent
•Qld: Unemployment up from 6.2 to 6.3 per cent
•SA: Unemployment up from 6.9 to 7.4 per cent
•WA: Unemployment steady at 5 per cent
•Tas: Unemployment steady at 7.4 per cent
•NT: Unemployment up from 3.8 to 3.9 per cent
•ACT: Unemployment steady at 3.6 per cent
Source: ABS. All data seasonally adjusted, except Tasmania, NT and ACT which are trend, due to small sample size.
Full article can be viewed at...
Last edited by Jessica Berry; 10-07-2014 at 02:51 AM.
Following on from Jessica's post above, was listening to PM (that's the main national evening news radio programme from ABC for those who aren't familiar with it) on way home and heard this (it contains the transcript or you can listen to it):
The Advertiser job supplement was down to 12 pages this week and only 6 of the pages had jobs on. Usually they keep it at 16 pages each week (which is a lot less than it used to be) and pad it out with articles (which are interesting to read and contain helpful tips and advice), but they perhaps thought 10 pages of articles and 6 pages of jobs might be too much this week! Obviously this isn't the only way to secure work in Adelaide, but I feel it is reflection on the current job market.
Just recently I have heard of 2 companies within the training sector where a member of staff is leaving their organisation, but their jobs are not being advertised due to a downturn in business. I was also told about a large company within the transport industry where the staff have all been told they will not receive any pay increases. One of my friends has been doing a placement at an aged care facility and the entire staff are employed on a casual basis, which means no guarantee of hours and no holiday, sick or public holiday pay. The other week I heard of people being made redundant who work in the car manufacturing industry supplying Holden and they are taking packages before everyone is finished around the same time, trying to get on the front foot and get another job before they are competing with everyone else. A friend who works in the education sector has not had their temp contract renewed because the organisation is currently making redundancies and they have to wait until they have finished that process before they know if they will need her. The list could go on!
On the flipside where my OH works in IT, they have been consistently recruiting staff due to growth through additional business. One of the reasons for this, is in the current climate, companies look to outsource all or part of their IT services and in an economic downturn they have picked up more work. I know of a recent arrival that has picked up work in a few months in a professional role. Another contact has also managed to secure work in a few months in a professional role as part of a newly created team. Another contact has had their temp contract turned into a perm position. A friend has picked up additional casual work by attending a networking event and talking to the right person!
It is a mixed bag at the moment.
In light of the article below I was having a look back at some older posts. I found this one from 2 years ago and it seems like a case of deja vu, 2 years later we are still having similar conversations...it does make me wonder in 2 years time if we will still be having the same conversations........right I am off now to look for positive news!
South Australia’s unemployment increases from 6.8 per cent to 7.7 per cent in one month
March 17, 2016 3:01pmJackson Gothe-Snape The Advertiser
SOUTH Australia’s volatile unemployment rate has soared to 7.7 per cent, up from 6.8 per cent in January.
And the state is simply not generating jobs at the necessary rate to make up for losses in the manufacturing and energy and resources sectors.
South Australia has created just 8000 jobs in the last 12 months, which is less than half the national growth rate.
Associate Professor Michael O’Neil, Executive Director of the South Australian Centre for Economic Studies, said job creation was the most important economic challenge faced by South Australia.
“You can have unemployment, and you can have job changes, and you can have industries or sectors closing down, as long as you’re generating enough jobs in other sectors,” he said.
“The big issue is we’re not generating sufficient jobs to absorb the numbers of people who are currently unemployed and are moving into unemployment.”
The closure of the Holden plant looms next year, and energy and resources cutbacks in Whyalla, Leigh Creek and Port Augusta are still to be fully felt by the economy.
Sectors earmarked for growth are yet to demonstrate they can take up the slack.
Renewable energy employment fell by 1420 in South Australia from 2360 to 940 between 2011-12 and 2014-15, according to ABS data released this week.
Professor John Spoehr, Director at the Australian Industrial Transformation Institute, said the risk of unemployment rising to 10 per cent in South Australia was very high unless there is immediate jobs growth.
“It is clear that additional investments in infrastructure projects including light rail are needed to accelerate employment growth in the short term,” he said.
Federal Employment Minister Michaelia Cash indicated the state could not expect more from the Commonwealth Government after it had already delivered funding for the Northern Connector, announced the Centre of Defence Industry Capability, which will cost $23 million annually, and signed the Chinese trade agreement which will benefit the wine industry.
“To that extent we can, we are ensuring that we take steps to invest in what will be long-term job creation policies. You’ve then got to ask the South Australian Government obviously — what’s their plan for South Australia?” she said.
However her colleague, South Australian Senator Cory Bernardi, pledged “we’ve got to do more”.
His view is shared by Federal Labor employment spokesman Brendan O’Connor, who said “as (Malcolm) Turnbull fiddles, Adelaide burns”.
State Employment Minister Kyam Maher said South Australia faced “an employment challenge” but picked out a small rise in the number of people looking for work as a positive.
“South Australia is going through a period of economic transition, with less reliance on old industries such as heavy manufacturing and car-making, and a greater focus on hi-tech, high-value manufacturing in areas such as food and medical devices,” he said.
He highlighted projects by drug company Pfizer and water treatment firm Micromet, announced this month, that could lead to the creation of up to 300 local jobs.
Liberal employment spokesman Corey Wingard said this was “another incredibly disappointing result for South Australia”.
“We are falling further and further behind in the unemployment stakes,” he said.
SA’s trend unemployment rate — which smooths out month-to-month volatility — sits at 7.2 per cent, the highest rate in the nation. Tasmania’s rate, at 7 per cent, is the country’s second-highest.
The eastern states all enjoyed unemployment drops in February, driving the national seasonally adjusted unemployment rate down slightly to 5.8 per cent, from 6 per cent in January.
The figures released this morning show some 66,900 people are unemployed in South Australia, an increase of 8000 compared to January.
Opposition parties at state and federal level have homed in on the unemployment outlook this week.
State Liberal leader Steven Marshall headlined his plan for the state, titled 2036 in recognition of the upcoming state bicentenary, by declaring his party believes “you deserve every opportunity to have a stable job in a growing economy”.
“Having a secure job or small business in a productive and competitive industry is key to our future confidence,” the plan states.
His manifesto for change called for the reduction of tax burden and red tape, supporting export businesses, fostering entrepreneurialism, investment in infrastructure, and unlocking the potential of the regions.
Federal Labor leader Bill Shorten addressed the National Press Club in Canberra on Tuesday, declaring too many Australians were unemployed or working fewer hours than they needed.
“For modern Labor, full employment means every Australian working to their full capacity,’’ he said.
“The march of new technology is not merely something to applaud. It must also be a call to arms — a warning that Australians will need new skills and better training to win the jobs of the future.”
Like Mr Marshall’s manifesto, the first pillar of his “plan for the decade” was “creating jobs — and training Australians to do them”.
Last week, Prime Minister Malcolm Turnbull said despite jobs challenges, South Australia “is heading in the right direction” and the unemployment rate was “still too high but the trend is the right way”.
Last edited by Jessica Berry; 19-03-2016 at 01:56 AM.