Australia's Unemployment Rate Rises To 5.7 Per Cent In June

[icyfroth]

AUSTRALIA's unemployment rate rose to 5.7 per cent in June, the  Australian Bureau of Statistics announced today.

The seasonally adjusted unemployment rate jumped 0.2 percentage points, as  23,700 Australians joined the dole queue.

The number of Australians employed increased by 10,300 to 11.6 million in  June, fuelled by part-time jobs which grew by 14,800 to 3.5 million last  month.

But the number of full-time jobs fell by 4,400 to 8.1 million.

Australian Chamber of Commerce and Industry chief executive Peter Anderson  said bosses were cutting back workers' hours to avoid retrenchments.

"Many staff working part-time or casual hours want more work to supplement  their income but the patchiness of the Australian economy is making that a very  difficult ask,'' he said.

Read more: http://www.news.com.au/business/australia8217s-unemployment-rate-rises-to-57-per-cent-in-june/story-...

The latest jobs data follows an ABS report showing that real unemployment is  double the official figure - with 13 per cent of Australia's workforce wanting a  job or longer hours.

The ABS counts people as employed even if they only work an hour a week.

If our economy is the envy of the world, I'd hate to see what the rest of the world's looks like.

[poddster]

999,999 of those were for literate spin writers with the accepted Labor message but they could only find one and that was from overseas on a 547 visa

[a_dingo_ate_my_chinwagger]

I hear that Rudd -Labor is going to win the next election. No working person (or someone seeking work)  is going to vote for Tony Abbot, knowing his position on industrial relations reform and desire for some sort of WorkChoices under another name.

[a_dingo_ate_my_chinwagger]

And no one has written to contradict me? Must be you all agree then. What are the odds right now on Sportsbet?

[the_great_she_elephant]

Call me a cynic, but I do have to shake my head at the naiveté of apologists on both sides of politics who believe that, in the face of a global recession, anything done or not done by the government of a minnow country like Australia is going to have a significant effect on our economy.
Stimulation packages and public works projects may ease the pain in the short term, but the main reason we survived the GFC virtually unscathed was a resources boom driven by an expanding Chinese economy. Now the inevitable has happened and while we will probably be spared the nightmare of, for example, the Greek or Spanish economies, there is no doubt we are going to have to do some serious belt tightening; and there is virtually NOTHING any government - be it Labor or Coalition can do to avoid that.