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Job cuts are coming, but let’s keep them in perspective

21 Jan 10:10am

Filed under: Cuts, Economy, Jobs, Reserve Bank, Unemployment

Job cuts are set to dominate the economic news again this year, so it’s going to be important to keep things in perspective.

Oh, so you want a rate cut to go with those job cuts? Photo: Marie Nirme

Official job figures out last week show the economy had 5500 fewer jobs last December than it did last November. As a result, the number of people looking for but unable to find work jumped by 16,600 to 656,400, and the jobless rate went from 5.3 per cent to 5.4 per cent.

Last year, total employment grew just 1 per cent, lagging behind population growth of 1.6 per cent. The economy needs to create about 13,000 extra jobs each month just to absorb population growth.

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Tator says:

06:33pm | 21/01/13

WM, obviously they were “sacked” prior to the assent of the Fair Work Act which means they were still employed under the old “workchoices” Read more »
the phantom says:

06:31pm | 21/01/13

its not just about Aboat it is about a polictical alliance (LNP) who have no policies other than “we will stop the boats” When it comes to the crunch the astute men and women of Oz wiil go what da———————-This mob are full of bluff, bluster and bullshIt. Creit where… Read more »

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