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Articles on Unemployment

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Rates should stay steady for now, say CAMA economists. Dan Peled/AAP

Call likely to grow louder for interest rates to rise

The CAMA RBA Shadow Board is a project by the Centre for Applied Macroeconomic Analysis, based at the ANU, which asks industry and academic economists what interest rate the Reserve Bank of Australia should…
The probability of receiving a work for the dole pilot is much higher in non-marginal electorates, regardless of the level of actual youth unemployment. AAP/Julian Smith

Safe seats are more likely to have a work for the dole pilot

In July, the federal government will begin a series of pilot programs for its work for the dole scheme across Australia. All job seekers aged 18 to 30 who have been unemployed for more than a year and…
More than one-third of unemployed people are aged 15 to 24, a critical period in their lives. luxorphoto/Shutterstock

Unemployment is hitting youth hard: this is what we should do

Australia came out of the global financial crisis better than most industrialised countries, but did not escape altogether. With a weaker economy, the unemployment rate rose from about 4% to 6% between…
Shadow Minister for Families & Payments, Jenny Macklin, says the HILDA survey contradicts Joe Hockey’s claims that Australia’s welfare spending is out of control. Alan Porritt/AAP

AUDIO Q&A: politics takes over as survey reveals welfare, work trends

The latest instalment of the long running Housing, Income and Labour Dynamics Survey from the Melbourne Institute of Applied Economic and Social Research was released today, with many commentators using…
Australia should be proud of its high minimum wage. atomicjeep/Flickr

Australian business gets a good deal from the minimum wage

Last week Australia’s Fair Work Commission increased the national minimum wage to A$16.87 an hour from 1 July, 2014. The usual suspects rolled out the usual arguments denouncing this initiative, and Treasurer…
Many people prefer casual work and a phased approach to retirement. Shutterstock

If we are to work to 70, we need to rethink work

The norm of permanent full-time terms of employment is under serious challenge. In Australia today more than one-third of employed people work on more variable terms – in particular as casuals (19%), independent…
The number of young unemployed people has grown by more than 60% in less than six years, so why are they largely ignored? AAP/Alan Porritt

Why rising youth unemployment demands our urgent attention

I believe there is a special case for taking an interest in youth unemployment. It is concerning that more than one-third of the unemployed people in Australia are aged 15 to 24. In the 14 years leading…
Destination unknown: measuring youth unemployment is a fraught business. Martin Rickett/PA

Hard Evidence: who are the NEETS?

Governments across Europe are searching for effective policies to drive down youth unemployment. Most European countries have experienced an alarming rise in the levels of young people (16-24) who are…
The number of young Australians unemployed for more than 52 weeks has tripled since 2008. AAP/Tracey Nearmy

Long-term youth unemployment triples in six years: study

More than 50,000 young people have been unemployed for more than a year, with the average length of unemployment almost doubling – from 16 to 29 weeks – over the last six years. This means nearly 18% of…
Australia’s economy is showing promising signs, with global events the main source of concern. AAP

Promise on the horizon for Australian economy

The Australian economy appears to be benefiting from the current expansionary stance in monetary policy, despite uncertainties in the global economy. The CAMA Shadow Board is 71% confident that the cash…
Young left out of the recovery. Andy Rain/EPA

Hard Evidence: are young people’s job prospects improving?

Recessions always hit young people hard. Firms’ first response to declining orders is to stop hiring new recruits rather than sacking experienced staff. Young people disproportionately rely on new hiring…
Youth Club? EPA/Andy Rain

Handle with care: Europe’s fragile jobs growth

Unemployment in the euro area finally seems to be showing signs of a timid recovery, according to the winter forecasts from the EU, but that doesn’t mean that we can rest on our laurels. A bumpy ride lies…
Rising unemployment is likely to be a factor in future interest rate movements. AAP Image/Joe Castro

Spectre of rising unemployment to weigh on rates decision

The key question for interest rates this month is whether improving domestic demand will curb the increasing rate of unemployment and underemployment, or whether labour market weakness will persist. The…
The government plans to re-introduce work for the dole, but does it work? Shutterstock

Work for the Dole doesn’t work – but here is what does

The Work for the Dole program could again become a core element of welfare policy for the unemployed in Australia, but there is a considerable body of evidence which shows it is unlikely to help people…
You read it write. truthout

Unemployment caused by the economic crisis set to worsen

While the rich countries were most affected by the global economic crisis, there are signs of recovery. Although India and China won’t go back to the days of double-digit growth, other emerging countries…
Moving some sole parents onto the lower Newstart payments has pushed up the numbers. Alan Porritt/AAPIMAGE

Is ‘unsustainable’ welfare growth really being driven by Newstart?

Social services minister Kevin Andrews has targeted the Disability Support Pension and Newstart, the main payment for the unemployed, for reform, branding the current level of welfare as unsustainable…

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