Displaying items by tag: Unemployment

GUEST RESEARCH:  New research from Roy Morgan shows there are now 1,659,000 mortgage holders (29.5%) ‘At Risk’ of ‘mortgage stress’ in the three months to August 2024. This represents a decrease of 0.3% points on the July figures after the introduction of the Stage 3 tax cuts increased household income for millions of Australians over the last few months – including many mortgage holders.

COMPANY NEWS:  Funds raised will go towards three life-changing initiatives.

GUEST OPINION: Unemployment in Australia is currently sitting at historically low levels leaving companies with challenges in recruiting and employing new staff. As such, organisations are looking for innovative ways to attract prospective employees.

The APAC region has lower unemployment and more vacancies than before the pandemic and, despite unemployment figures in Australia, Singapore and Malaysia dropping to or below pre-pandemic levels, the three countries have seen vacancies increase by 83%, 127% and 111%, respectively, according to a new report.

Australia's seasonally adjusted unemployment rate for February 2022 has come out as 4.0%, which is a further drop from January’s 4.2%. It is the lowest jobless rate since August 2008 and the global financial crisis of that year and comes amid a further easing of COVID-19 restrictions.

Employment opportunities for Australian executives are growing again after two months of coronavirus lockdown, according to a report by executive search firm EL Consult, and despite IT executive job advertising falling by 1% in May.

More than two million Australians were out of work in April, with 2.16 million - or 15.3 % of the total workforce - joining the unemployment queues in the month, according to a new report.

Nearly 1.1 million Australians - or 7.8% of the workforce - were unemployed in October and to compound the bad news an additional 1.2 million (8.9% of the workforce) are now under-employed.

Automation of Australia’s workforce may not have such a negative effect on jobs and employment, according to new research which shows that more jobs are expected to be created — especially in finance — by automation.

Despite avoiding a drop off in October, demand for executives in the IT sector dropped 9% in November, continuing a three-year period of generally flat demand in the technology industry.

The IT sector has failed to maintain large gains in job opportunities for executives recorded in August, with a drop of 27% in September off a small base.

The outlook for job seekers is increasingly positive, with employer intentions to hire reaching an 18-month high in the wake of the recent drop in Australia’s official unemployment rate.

The Australian and New Zealand ICT jobs market is a mixture of good, not so good and bad. Research released today highlights a contradictory employment landscape, and prompts a warning that a lack of talent to fill specialised roles may impact Australia’s ability to maintain a globally recognised technology sector.