5 years ago
NEARLY 80,000 MORE AUSTRALIANS LOOKING FOR WORK
BRENDAN O’CONNOR MP
Today’s labour force figures released by the Australian Bureau of Statistics (ABS) are a sombre reflection of the labour market.
The data for the month of September reveals too many Australians are looking for work or for more work because the economy is floundering on the Liberals' watch.
There are nearly 80,000 more Australians looking for work or looking for more work than there was a year ago.
Over the past year, under the Morrison Government, the number of unemployed Australians has increased by 43,600 and the number of underemployed has increased by 34,100.
The underemployment rate for the month of September is far too high at 8.3 per cent and the underutilisation rate is 13.5 per cent.
There are almost 2 million Australians looking for work, or more work, but unable to find it.
Under the Morrison Liberal Government, serious structural issues in the labour market continue to generate insecure work and low wages growth.
Just yesterday, the IMF’s World Economic Outlook slashed Australia’s economic growth forecasts so that Australia’s growth this year is expected to be slower than the US, Spain and Greece.
As Treasurer and now Prime Minister, Scott Morrison has presided over the lowest wages growth since records began.
Australians are struggling, and the economy is floundering – but try telling that to Scott Morrison and the Liberals who are sitting on their hands and hoping the economy fixes itself.
The data for the month of September reveals too many Australians are looking for work or for more work because the economy is floundering on the Liberals' watch.
There are nearly 80,000 more Australians looking for work or looking for more work than there was a year ago.
Over the past year, under the Morrison Government, the number of unemployed Australians has increased by 43,600 and the number of underemployed has increased by 34,100.
The underemployment rate for the month of September is far too high at 8.3 per cent and the underutilisation rate is 13.5 per cent.
There are almost 2 million Australians looking for work, or more work, but unable to find it.
Under the Morrison Liberal Government, serious structural issues in the labour market continue to generate insecure work and low wages growth.
Just yesterday, the IMF’s World Economic Outlook slashed Australia’s economic growth forecasts so that Australia’s growth this year is expected to be slower than the US, Spain and Greece.
As Treasurer and now Prime Minister, Scott Morrison has presided over the lowest wages growth since records began.
Australians are struggling, and the economy is floundering – but try telling that to Scott Morrison and the Liberals who are sitting on their hands and hoping the economy fixes itself.