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Surprise Increase in Unemployment

Surprise Increase in Unemployment

The Australian Bureau of Statistics recently revealed that the total employment in Australia fell by 19,000 in October. This was the largest drop in employment since September 2016 and only the second monthly drop ever since.

The number of people in full-time employment fell by 10,300 while those employed on a part-time basis fell by 8,700. The decline pushed the jobless rate up to 5.3 per cent from 5.2 per cent. There are currently 726,000 people looking for employment opportunities across the nation. With market analysts earlier predicting a lift in total employment, the news of the drop comes as a surprise to many.

Table 1: Unemployment Rate in Different States and Territories in Australia as of November 2019

STATE / TERRITORY

UNEMPLOYMENT RATE

New South Wales
4.8
Victoria
4.8
Northern Territory
5.9
Queensland
6.5
Western Australia
5.7
Australian Capital Territory
3.3
Tasmania
5.9
South Australia
6.2

Based on the above statistics, the unemployment rate in New South Wales increased by 0.3 per cent to 4.8 per cent, which is the same level as Victoria. The Northern Territory also experienced an increase in unemployment to 5.9 per cent.

On the other hand, Queensland, Western Australia and the Australian Capital Territory are steady at 6.5 per cent, 5.7 per cent and 3.3 per cent respectively. Unemployment fell in Tasmania to 5.9 per cent and 6.2 per cent in South Australia.

In light of this news, the latest SEEK employment report reveals that job advertisements were up by 2.2 percent in South Australia while they were also up by 0.1 per cent in Western Australia. With community development and healthcare industries showing the strongest signs of job employment growth (up by 16.7 per cent and 5.6 per cent respectively), it is time for jobseekers to upskill in these areas to gain employment in these industries. At Skill Hire, we deliver the nationally accredited Certificate III course in Individual Support and many more.

As for business, if you are starting to feel stretched but under-resourced, now is a good time to invest in an apprentice or trainee predominantly due to the reduced cost of doing so. As a Group Training Organisation (GTO), we will help you get the right apprentice or trainee for your business. Here are some benefits of being a Host Employer with Skill Hire:

  • You may be eligible for Government incentives
  • Simplistic employment arrangements
  • Nurture the tradespeople of tomorrow by giving them the skills, knowledge, and confidence to succeed
  • High employee retention rate
  • We provide ongoing support to apprentices/trainees

If you are interested in our community development courses or becoming a Host Employer with Skill Hire, please visit our website or contact us on 9376 2800.

Source: The Sydney Morning Herald

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