A fall in Australia's unemployment rate should be taken with caution, but strong growth in construction and retail particularly in WA could indicate the economy has been given a kick-startThe labour force figures out last week produced some decidedly cheery numbers overall for Australias unemployed. The overall drop in the unemployment rate from 6.1% to 5.8% at first glance looks good, but it needs to be viewed with caution and it also hides the fact, as the Brotherhood of St Laurence noted, long-term unemployed has spiked recently. The data also showed that Western Australia has once again become the strongest state for employment but oddly not because of mining.The rise in long-term unemployed since the GFC hit is something, as I noted last November, is an issue that hurts young people more than other ages, and also that requires a different approach to solving, than does short-term unemployment, such as extra training.
Continue reading... Reported by guardian.co.uk 8 hours ago.
Continue reading... Reported by guardian.co.uk 8 hours ago.