Australia is facing an underemployment crisis.
#Employment #Economy #Underemployment Apparently, the media is attempting to compare a retail worker with a lawyer. While underemployment is an issue, claims that people working too hard is taking away jobs seems farcical. References Underemployment and overemployment problems leave few workers satisfiedhttps://www.abc.net.au/news/2019-09-10/working-50-hours-week-you-might-be-destroying-economy/11494196?section=business
#Unemployment #RoyMorgan #ABS While the ABS claims that Australia’s Unemployment rate is 5.1% the Roy Morgan figure is 9.2%. Let’s look at the different approaches and ask which number better reflects the reality of the economy and which should be used to influence government policy? References HOW DOES THE ABS MEASURE UNEMPLOYMENT https://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/6105.0Feature%20Article53July%202014 Roy Morgan […]
#Recession #UnderEmployment #Unemployment Australia’s unemployment rate has remained steady at 5.2%. While that might sound like good news, it is masking an increase in our underemployment rate and part-time work due to the election. References Unemployment remains steady at 5.2pc despite an extra 42,300 jobs https://www.abc.net.au/news/2019-06-13/unemployment-remains-steady-despite-extral-42000-jobs/11205060?section=business