Australia’s jobless rate down to 4.5%
Posted On July 18, 2021
Posted November 10, 2018 15:08:00 With the unemployment rate dropping to 4-5.5 per cent, and unemployment rate for young people falling to 2.3 per cent last month, the Abbott Government’s Job Creation Plan is making good progress.
In a speech to the Economic Club of Australia on Thursday, Treasurer Scott Morrison said the unemployment reduction was not a result of a “truly massive increase” in unemployment, but that was “not surprising” given the government’s plans to cut the number of unemployed workers from 5.6 million to 4 million by 2021.
Morrison said he expected the jobless figure to rise from 4.1 per cent in 2021 to 5.8 per cent by 2023.
“The reduction in the unemployment rates is the result of continued strong investment in the economy, particularly in areas that are in high demand such as manufacturing and transport,” Morrison said.
“This is all good news for business, the people who employ them and the families who rely on them.”
This is the most prosperous time in Australia’s history and our priority must be to ensure that Australians have the opportunity to pursue a rewarding career, get on with their lives and enjoy the high quality of life that they have come to expect.
“Workfare reforms The Job Creation Act will see an increase in the number and levels of jobseekers applying for workfare benefits from the current 6.5-month waiting period to up to two weeks.
Workfare benefits are a form of income support that can be used for up to a fortnight to help those on low incomes get back on their feet.
In 2018, around 1.8 million people received a workfare benefit, with a total of $10.3 billion in payments collected, according to the Australian Council of Social Service.
The Government will also increase the threshold for people who want to receive workfare payments to $10,000, up from $8,500.
Jobseekers and employers have been left waiting weeks for the Government to deliver on its promise of increasing the workfare payout threshold, after the Prime Minister’s office refused to reveal the exact amount of money the Government is funding.
In February, the Government announced $5 billion in additional workfare grants to help people back on the job, but many criticised the proposal, saying it would lead to a significant increase in jobseekers being left out of the workless benefits program.
“That would mean around $2 billion to $3 billion more for people in poverty and around $600 million more for the unemployed.” “
We need to get some good news out of this Government before they go back to Canberra and announce their plans to raise unemployment by more than 5 per cent,” Shorten told reporters on Wednesday.
“That would mean around $2 billion to $3 billion more for people in poverty and around $600 million more for the unemployed.”
Government funding of childcare and training Labor’s childcare and employment policy will be a major focus of the Coalition’s policies on job creation, as the Coalition is also expected to increase the number-one priority of the childcare and job placement sector from 5,000 to 7,500 in the first year of the new Government.
The plan will see childcare and childcare-related training funding doubled from $15 million to $30 million over the next two years.
However, a number of childcare industry experts say there is a huge gap between what Labor is promising to do and what it will actually deliver.
“There are a lot of people who would be really happy to see more funding for childcare and it’s very disappointing that the Coalition doesn’t seem to understand that,” said Debbie Young, the CEO of the Australian Association of Pregnancy and Childbirth Centres.
Workplace rights advocate Dr Lisa Huggins said the childcare funding was only part of the package. “
It’s going to be a huge amount of funding to provide these jobs to these people, and if they are getting a very good education in childcare, they can really afford to do that, but they don’t get the training.”
Workplace rights advocate Dr Lisa Huggins said the childcare funding was only part of the package.
“These new commitments don’t go far enough,” she said.
The Federal Government will not be spending more than $1.1 billion to create 1,000 childcare places, but the Government will allocate $2.5 billion to fund the creation of more than 1,300, with the $1 billion allocated to support the creation and operation of two new childcare spaces. “
What the Government needs to do is to make sure that these people are in childcare facilities, and that’s going a long way to improve access to childcare and provide more childcare for working mothers.”
The Federal Government will not be spending more than $1.1 billion to create 1,000 childcare places, but the Government will allocate $2.5 billion to fund the creation of more than 1,300, with the $1 billion allocated to support the creation and operation of two new childcare spaces.
The $1 million allocated for childcare spaces will go towards building one of the two new facilities.
In addition, the Federal Government is also committing to spend $1,500 per person for