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Hidden Unemployment - The official unemployment rate just released by the Australian Bureau of Statistics (ABS) for September was 5.7 per cent. It was viewed by those in the government with great optimism of how Australia is resisting the Global Financial Crisis (GFC), however, is that unemployment rate a true indication of the level of unemployment, or indeed an accurate reflection on the actual state of the labour market in Australia?

 

No it is not not....according to comments with this article online


Andrew Smith, B. Bus., M. Ed. Web http://www.aiec.hu Blog http://aiecquest.wordpress.com

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Guest sh7t man no way
Hidden Unemployment - The official unemployment rate just released by the Australian Bureau of Statistics (ABS) for September was 5.7 per cent. It was viewed by those in the government with great optimism of how Australia is resisting the Global Financial Crisis (GFC), however, is that unemployment rate a true indication of the level of unemployment, or indeed an accurate reflection on the actual state of the labour market in Australia?

 

No it is not not....according to comments with this article online

its just more aussie properganda--there preety good at that.the real rate of unemployment in my humble opion is 6.8%,and thats being conservetive.

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Guest juliemtaylor

God knows what the rate in Uk would be then??

 

Julie x

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Its never true and accurate as a lot of people who lose their jobs do not go to centrelink as their oh may be in full time work. It also does not show those people who have had their hours cut. I know someone who has had to take one day a month off might not sound much but on a countrywide basis it is noticeable.

 

There are a lot of people looking for work and my friend's daughter, lawyer has been looking to change jobs and says that a while ago she would get an answer to most applications now she is not getting answers.

 

I think a lot of people have had their working hours changed and there is a lot of casual work now and permanent jobs are harder to get.


Petals

:ssign15:taking no prisoners :wink:

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