Unemployment to hit 10% by Christmas?
Mar 15th 2009, 4:17 am
#1
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Unemployment to hit 10% by Christmas?
Thought this was an interesting piece in The Age today.
http://business.theage.com.au/busine...0315-8ypi.html
If 50000 extra people are thrown out of work each month (as happened in February) (and I reckon this is highly likely given that the economic cirisis is only just starting to hit Australia), this will mean a 10% jobless rate by Christmas.
Don't know why people didn't pick up on this earlier in the week when the new jobless figures were announced.
Makes the government's estimation of 7% by mid-2010 seem a bit unrealistic (nothing new there then)
http://business.theage.com.au/busine...0315-8ypi.html
If 50000 extra people are thrown out of work each month (as happened in February) (and I reckon this is highly likely given that the economic cirisis is only just starting to hit Australia), this will mean a 10% jobless rate by Christmas.
Don't know why people didn't pick up on this earlier in the week when the new jobless figures were announced.
Makes the government's estimation of 7% by mid-2010 seem a bit unrealistic (nothing new there then)
Mar 15th 2009, 7:46 am
#2
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Re: Unemployment to hit 10% by Christmas?
That sounds abit grim does'nt it?
Mar 15th 2009, 7:49 am
#3
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Joined: Apr 2004
Posts: 10,375
Re: Unemployment to hit 10% by Christmas?
he will probably change it to one hour a week 
This country is fast becoming a joke. Never mind we have such great choices for our state election next week.
Mar 15th 2009, 8:29 am
#4
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Location: Angle vale Sth Australia
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Re: Unemployment to hit 10% by Christmas?
Fulltime employee, casual employee , part time casual, casual employee, Ring in [labour hire ] we use them all ,,you want too work hard ..? shifting furniture we have plenty of work..........mm
Mar 15th 2009, 8:43 am
#5
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Joined: Jun 2007
Location: Halls Head WA
Posts: 289
Re: Unemployment to hit 10% by Christmas?
Thought this was an interesting piece in The Age today.
http://business.theage.com.au/busine...0315-8ypi.html
If 50000 extra people are thrown out of work each month (as happened in February) (and I reckon this is highly likely given that the economic cirisis is only just starting to hit Australia), this will mean a 10% jobless rate by Christmas.
Don't know why people didn't pick up on this earlier in the week when the new jobless figures were announced.
Makes the government's estimation of 7% by mid-2010 seem a bit unrealistic (nothing new there then)
http://business.theage.com.au/busine...0315-8ypi.html
If 50000 extra people are thrown out of work each month (as happened in February) (and I reckon this is highly likely given that the economic cirisis is only just starting to hit Australia), this will mean a 10% jobless rate by Christmas.
Don't know why people didn't pick up on this earlier in the week when the new jobless figures were announced.
Makes the government's estimation of 7% by mid-2010 seem a bit unrealistic (nothing new there then)
Mar 15th 2009, 8:46 am
#6
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Mar 15th 2009, 9:17 am
#9
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Re: Unemployment to hit 10% by Christmas?
Grimmmmm sounding indeed !
Mar 15th 2009, 1:50 pm
#10
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Posts: 691
Re: Unemployment to hit 10% by Christmas?
Thought this was an interesting piece in The Age today.
http://business.theage.com.au/busine...0315-8ypi.html
If 50000 extra people are thrown out of work each month (as happened in February) (and I reckon this is highly likely given that the economic cirisis is only just starting to hit Australia), this will mean a 10% jobless rate by Christmas.
Don't know why people didn't pick up on this earlier in the week when the new jobless figures were announced.
Makes the government's estimation of 7% by mid-2010 seem a bit unrealistic (nothing new there then)
http://business.theage.com.au/busine...0315-8ypi.html
If 50000 extra people are thrown out of work each month (as happened in February) (and I reckon this is highly likely given that the economic cirisis is only just starting to hit Australia), this will mean a 10% jobless rate by Christmas.
Don't know why people didn't pick up on this earlier in the week when the new jobless figures were announced.
Makes the government's estimation of 7% by mid-2010 seem a bit unrealistic (nothing new there then)
Mar 15th 2009, 1:51 pm
#11
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Posts: 691
Re: Unemployment to hit 10% by Christmas?
You should try the UK....thats even worse than this joke of a country!!
Mar 15th 2009, 8:56 pm
#12
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Joined: Jan 2006
Location: Sydney
Posts: 1,316
Re: Unemployment to hit 10% by Christmas?
Didn't the figures say 55000 permenant job losses, and 55000 (ish) temporary jobs GAINED?
So people are on temp contracts rather than permenant ones - our company has taken that policy at the moment. Still hiring, but on 6 month contracts.
Graham
So people are on temp contracts rather than permenant ones - our company has taken that policy at the moment. Still hiring, but on 6 month contracts.
Graham
Mar 15th 2009, 9:03 pm
#13
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Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Unemployment to hit 10% by Christmas?
Sure it will get bad. But it will never be as bad as the UK is going to get - hyperinflation anyone?
Mar 15th 2009, 10:31 pm
#14
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Joined: Jan 2005
Location: The Shoalhaven, New South Wales, Australia
Posts: 11,056
Re: Unemployment to hit 10% by Christmas?
**** sight more than 10% around here - and has been since time immemorial. Currently running around the 12% mark, unless you're aged between 15 - 19 in which case the rate's 20%.
