UNEMPLOYMENT HITS 10% AGAIN IN SEPTEMBER
FULL-TIME EMPLOYMENT RISES TO 7,345,000 (UP 82,000), HOWEVER PART-TIME EMPLOYMENT FALLS TO 3,592,000 (DOWN 219,000)
In September 2012 an estimated 1.213 million Australians (10% of the workforce, up 0.2% in a month) were unemployed, and the Australian workforce* was 12,150,000, (down 129,000 in a month) – comprising 7,345,000 full-time workers (up 82,000); 3,592,000 part-time workers (down 219,000) and 1,213,000 looking for work (up 8,000) according to Roy Morgan.
• A further 903,000 Australians are under-employed – working part-time and looking for more work. This is 23,000 less than a month ago, and represents 7.4% of the workforce* – down 0.1% this month.
• In total 2.116 million Australians were unemployed or under-employed in September is virtually unchanged with 15,000 less than last month, 17.4% (up 0.1%) of the workforce. However, this is up a significant 462,000 over the past 12 months since September 2011.
• The latest Roy Morgan unemployment estimate of 10.0% is now nearly double the 5.1% currently quoted by the ABS for August 2012.
In April – June 2007 unemployment was 5.6%
July – September 2007 unemployment was 5.8%
July – September 2012 unemployment has reached 10%
Gary Morgan says ”This is the highest number of Australians looking for work since the January 2012 recent high of 1,278,000. A further 903,000 (down 23,000 in a month) Australians are under-employed — meaning a total of 2.116 million (17.4%) Australians are either unemployed or under-employed, the tenth straight month more than 2 million Australians have been looking for work or looking for more work.”
Finding No. 4829 – This Roy Morgan survey on Australia’s unemployment and ‘under-employed’* is based on weekly interviews covering January 2007 – September 2012 and in total 299,437 Australians aged 14 and over were interviewed face-to-face including 4,166 interviews in September 2012.: October 01, 2012
Courtesy of Morgan Poll http://www.roymorgan.com/news/polls/2012/4829/
After reading this I realised this is not a anomaly, this is a trend of ALP unemployment seldom remains at a single digit figure unless it is after hard work of the Coalition to create jobs Look at the diagram above you see 1996 when Howard won Government from Keating the Unemployment rate was high. This rate kept going down until Kevin Rudd won the election in 2007 when the rate started rising again and to date at 10% has not stopped rising.
This is a very simple situation to observe when Labor takes power it begins it’s class warfare and overtaxing the ‘people that can afford it most’ however these are the people that create employment, when they have become overtaxed, it is not viable to continue to work their businesses. Hence small business dies off, however many staff they hired become unemployed together with the business owner. Now when you add this to Labor’s habit of increasing our debt level when they are in power and it does happen each time ALP get in regardless of if it is State or Federal Governments and we have a very bleak look at how the Socialist model of Government fails, over and over again.
In my opinion this current Government has been fudging all the figures and this includes the Tax. This is why Department heads received similar pay rises to the politicians and in some cases more, as it is salaries of $500,000 plus. They are hardly going to sacrifice this wealth by not providing exactly what the PM wants.
In my experience besides hiding unemployment figures with Part time or Casual work, the Government also hides them with Education programmes and Training programmes. These courses are offered at the right time to ensure the statistic collection does not include these people.
The figures below are not very accurate for the reasons explained, however you can see even then the rise and fall of unemployment figures from when Howard took over in 1996 – when Krudd took the helm in 2007 – the Gillard mess since 2010