Unemployment on the rise again.
Aug 23rd 2011, 12:24 am
#123
Banned
Thread Starter
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Unemployment on the rise again.
Well the thing is when you have a Government telling it's people that the economy is booming and we are in great shape to weather the storm but we wont talk about manufacturing being at it's worst since the depression, retail tanking and building suffering we must believe those in the know. 
Yes but I've been saying that the Australian economy is buggered for quite a while and many on here are in denial about it. Just more evidence. I completely agree that the UK is in a pretty bad state but the first thing you have to do to address the problems is admit they exist. I don't see too much of that in Australia yet. It's just a matter of time until the mega mortgages come home to roost.
Aug 23rd 2011, 12:50 am
#124
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Aug 23rd 2011, 4:15 am
#125
BE Enthusiast
Joined: Nov 2009
Location: Dullsville
Posts: 672
Re: Unemployment on the rise again.
Bank of America Merrill Lynch say another 100,000 Australian jobs could be lost from the economy by March next year.
The research also predicts unemployment could rise from 5.1 per cent to 6 per cent over the next six months.
It says that means the Reserve Bank will have to cut interest rates by November.
The analysts say financial conditions in Australia are now as tight as at any time since the 1990s.
The research also predicts unemployment could rise from 5.1 per cent to 6 per cent over the next six months.
It says that means the Reserve Bank will have to cut interest rates by November.
The analysts say financial conditions in Australia are now as tight as at any time since the 1990s.
Heard on ABC Perth radio this morning that 20,000 jobs have been lost since January, although hardly surprising.
Aug 23rd 2011, 5:45 am
#126
Banned
Thread Starter
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Unemployment on the rise again.
I think 100,000 is optimistic when you look at how everything but mining is struggling.
As far as the 5.1% does anyone actually believe that figure ?
As far as the 5.1% does anyone actually believe that figure ?
Aug 23rd 2011, 7:16 am
#127
Banned
Joined: Apr 2008
Posts: 592
Re: Unemployment on the rise again.
Is it really that bad over there, i left eighteen months ago, things were fine, do i have to return to put things right?
Aug 23rd 2011, 8:09 am
#128
Banned
Thread Starter
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Unemployment on the rise again.
The problem is that nowhere is escaping this global crisis, we are seeing a mining boom but that only accounts for a relatively small % of employment, all the other sectors are suffering.
Aug 24th 2011, 9:34 pm
#129
BE Forum Addict
Joined: Jul 2008
Location: Westernport Mornington Peninsula
Posts: 1,761
Re: Unemployment on the rise again.
Not everyone is losing their jobs the job market is changing yet again I believe. BHP is offering jobs to the workers who are being let go at Blue Scope although they will have to move to QLD and WA according to the news. This says that there are obviously opportunities in these States for workers.
The housing boom seems to have ceased, that said people have to live somewhere.
I do believe the high cost of housing is working against the building industry. The gov has to do something about negative gearing to stop investors from buying first home buyer type property which has become way too expensive. Only gave this concession so gov could stop building but its backfired big time.
On an up note things will be fine willing hands always find work.
The housing boom seems to have ceased, that said people have to live somewhere.
I do believe the high cost of housing is working against the building industry. The gov has to do something about negative gearing to stop investors from buying first home buyer type property which has become way too expensive. Only gave this concession so gov could stop building but its backfired big time.
On an up note things will be fine willing hands always find work.
Aug 24th 2011, 11:13 pm
#130
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: Unemployment on the rise again.
Not everyone is losing their jobs the job market is changing yet again I believe. BHP is offering jobs to the workers who are being let go at Blue Scope although they will have to move to QLD and WA according to the news. This says that there are obviously opportunities in these States for workers.
http://www.illawarramercury.com.au/n...s/2268015.aspx
Bosses paying themselves millions in bonus payments, the day before announcing mass job, cuts hasn't gone down too well either.
Aug 24th 2011, 11:33 pm
#131
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: Unemployment on the rise again.
The real impact of the BSL closure is starting to hit home in the Illawarra. It's already an unemployment black spot and the loss of a 1000+ well paid jobs is likely to have a major impact on the city.
http://www.illawarramercury.com.au/n...s/2268015.aspx
Bosses paying themselves millions in bonus payments, the day before announcing mass job, cuts hasn't gone down too well either.
http://www.illawarramercury.com.au/n...s/2268015.aspx
Bosses paying themselves millions in bonus payments, the day before announcing mass job, cuts hasn't gone down too well either.
Aug 24th 2011, 11:47 pm
#132
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: Unemployment on the rise again.
I think the guys at Port Kembla were pretty resigned to the fact that cuts were coming, but the size of them was a shock and then to hear, that the same managers who had been telling them that cuts were inevitable, had just received a sizable bonus, changed the mood to one of anger, very quickly.
Aug 25th 2011, 12:58 am
#133
Banned
Thread Starter
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Unemployment on the rise again.
Of course not everyone is losing their jobs and to be offered a job in a different State isn't the solution if your life is where you currently are. I wouldn't move to the other side of the country for a job and I dare say quite a few others wouldn't.
I do agree though, willing hands always find work.
I do agree though, willing hands always find work.
Not everyone is losing their jobs the job market is changing yet again I believe. BHP is offering jobs to the workers who are being let go at Blue Scope although they will have to move to QLD and WA according to the news. This says that there are obviously opportunities in these States for workers.
The housing boom seems to have ceased, that said people have to live somewhere.
I do believe the high cost of housing is working against the building industry. The gov has to do something about negative gearing to stop investors from buying first home buyer type property which has become way too expensive. Only gave this concession so gov could stop building but its backfired big time.
On an up note things will be fine willing hands always find work.
The housing boom seems to have ceased, that said people have to live somewhere.
I do believe the high cost of housing is working against the building industry. The gov has to do something about negative gearing to stop investors from buying first home buyer type property which has become way too expensive. Only gave this concession so gov could stop building but its backfired big time.
On an up note things will be fine willing hands always find work.
Sep 7th 2011, 1:37 am
#134
Coventry to Caloundra....
Joined: Dec 2005
Location: Caloundra, Sunshine Coast, Queensland
Posts: 534
Re: Unemployment on the rise again.
