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The unemployment rate climbed to 5.2%, from 4.6%, well above the 4.8% forecast, while participation rose by less than expected to 64.7% with many still unable to look for work. Australia jobs take ...
The Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Act 2021 (Cth) is an Act of the Parliament of Australia, which brought about considerable amendments to the Fair Work Act 2009. Prior to its passing, the legislation was considered to be the most significant industrial relations reform since the original Act's passage.
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
Bessant argues that there is no evidence that poor attitudes towards work, disorganisation, or other personal failings are the primary source of youth unemployment, which she instead attributes to globalisation, the offshoring of unskilled labour, and increased application of labour-saving technologies in industry.
Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter. It was the 103rd quarter and the 26th year since the country had a technical recession (two consecutive quarters of negative growth). [35] As of June 2021, the country's GDP was estimated at $1.98 trillion. [36]
On 1 July 2021, the pension age became 66 years and 6 months, and from 1 July 2023, the pension age will increase to 67, the proposed cap. [ 28 ] a residency requirement requires an applicant to have been a resident in Australia for the last 10 years, with no break in residency for 5 of those years, and be in Australia on the day the ...
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As we saw, under such policies an unemployment rate of 10 per cent was needed to bring wage claims down to their present state, one in which virtually no increases at all are taking place. [ 16 ] The official Australian unemployment rate did fall under the early Accord, reaching a minimum of 6% in 1990, but rapidly increased between 1990 and ...