Could have fooled me. I have a record number of jobseekers on my caseload & still rising.
Jobless rate at lowest since the Whitlam era
Once upon a time news like this would win you an election regardless of anything else! This may still be true...
http://www.smh.com.au/news/business/jobless-rate-lowest-since-whitlam-era/2007/05/10/1178390441530.html
Jobless rate at lowest since the Whitlam era
May 10, 2007 - 2:10PM
Unemployment fell to its lowest level since November 1974 as the economy piled on nearly 50,000 new workers in April, heightening the risk of an interest rate rise later this year.
The jobless rate fell for a second month in a row to 4.4 per cent.
However, with both the Reserve Bank of Australia and the government having only just cut their inflation forecasts for this year in the past week, an imminent interest rate rise appears very unlikely.
Treasurer Peter Costello said over 300,000 new jobs have been created in the Australian economy in the past year - about 850 new jobs a day - and it was now the best time to get a job since Gough Whitlam was prime minister.
"By the time Whitlam had finished a very short period of government he'd set us on a track of high inflation and high unemployment which has taken us a long time to get out of," Mr Costello told journalists in Canberra.
Mr Costello said the government must maintain an industrial relations system that won't cause a wages break-out.
"Because if you get a general wages break-out, in a labour market where unemployment is as low as 4.4 per cent, that would be inflationary and that would bring our economic opportunity to an end."
First quarter wages figures are due for release next week.
Data from the Australian Bureau of Statistics today shows the unemployment rate dropped to a seasonally adjusted 4.4 per cent in April when economists had expected it to stay at March's level of 4.5 per cent.
Employment jumped by a solid 49,600 in April, with full-time employment growing by 11,600.
Prime Minister John Howard says the low unemployment figures repudiate Labor's predictions that the government's Work Choices laws would lead to higher unemployment.
"Part of the explanation for this very low rate of employment is that small business, as a result of the unfair dismissal laws being abolished, has had the courage to take more people on." he told journalists outside a school in Canberra.
He also attacked Labor's argument that the economy's strength is entirely reliant on the resources boom in Western Australia and Queensland.
He pointed to a breakdown of the figures showing 70 per cent of the new jobs created were in NSW, Victoria and South Australia.
"That gives the lie to the Labor Party argument that it's only the resources boom that is responsible for the strength of the Australian economy," he said.
However, the data did also show that the biggest drop in April unemployment was in Queensland, falling to just 3.4 per cent from 3.9 per cent.
Financial markets were quick to factor in a slightly bigger risk of an interest rate rise, but not until the end of the year.
"Australian jobs growth is so good it will be alarming for a federal government worried about further cash rate rises between now and an election at the end of the year," said HSBC chief economist John Edwards.
"Treasurer Peter Costello will no doubt welcome today's report, but he must be wondering just how many good employment reports the Reserve Bank needs to see before it reluctantly concludes another rate increase is prudent."
http://www.smh.com.au/news/business/jobless-rate-lowest-since-whitlam-era/2007/05/10/1178390441530.html
Jobless rate at lowest since the Whitlam era
May 10, 2007 - 2:10PM
Unemployment fell to its lowest level since November 1974 as the economy piled on nearly 50,000 new workers in April, heightening the risk of an interest rate rise later this year.
The jobless rate fell for a second month in a row to 4.4 per cent.
However, with both the Reserve Bank of Australia and the government having only just cut their inflation forecasts for this year in the past week, an imminent interest rate rise appears very unlikely.
Treasurer Peter Costello said over 300,000 new jobs have been created in the Australian economy in the past year - about 850 new jobs a day - and it was now the best time to get a job since Gough Whitlam was prime minister.
"By the time Whitlam had finished a very short period of government he'd set us on a track of high inflation and high unemployment which has taken us a long time to get out of," Mr Costello told journalists in Canberra.
Mr Costello said the government must maintain an industrial relations system that won't cause a wages break-out.
"Because if you get a general wages break-out, in a labour market where unemployment is as low as 4.4 per cent, that would be inflationary and that would bring our economic opportunity to an end."
First quarter wages figures are due for release next week.
Data from the Australian Bureau of Statistics today shows the unemployment rate dropped to a seasonally adjusted 4.4 per cent in April when economists had expected it to stay at March's level of 4.5 per cent.
Employment jumped by a solid 49,600 in April, with full-time employment growing by 11,600.
Prime Minister John Howard says the low unemployment figures repudiate Labor's predictions that the government's Work Choices laws would lead to higher unemployment.
"Part of the explanation for this very low rate of employment is that small business, as a result of the unfair dismissal laws being abolished, has had the courage to take more people on." he told journalists outside a school in Canberra.
He also attacked Labor's argument that the economy's strength is entirely reliant on the resources boom in Western Australia and Queensland.
He pointed to a breakdown of the figures showing 70 per cent of the new jobs created were in NSW, Victoria and South Australia.
"That gives the lie to the Labor Party argument that it's only the resources boom that is responsible for the strength of the Australian economy," he said.
However, the data did also show that the biggest drop in April unemployment was in Queensland, falling to just 3.4 per cent from 3.9 per cent.
Financial markets were quick to factor in a slightly bigger risk of an interest rate rise, but not until the end of the year.
"Australian jobs growth is so good it will be alarming for a federal government worried about further cash rate rises between now and an election at the end of the year," said HSBC chief economist John Edwards.
"Treasurer Peter Costello will no doubt welcome today's report, but he must be wondering just how many good employment reports the Reserve Bank needs to see before it reluctantly concludes another rate increase is prudent."
1 - 20 of 81 Posts
The Whitlam government was the most disastrous in Australia's history.By the time Whitlam had finished a very short period of government he'd set us on a track of high inflation and high unemployment which has taken us a long time to get out of," Mr Costello told journalists in Canberra.
Yes, remember all the doom and gloom about how employers were going to lay off thousands of workers because of Workchoices? The opposite effect has occurred. Employers are happily taking on more workers. Not necessarily at Morwell, but in most other regions and metropolitan areas, things are going along very well.Prime Minister John Howard says the low unemployment figures repudiate Labor's predictions that the government's Work Choices laws would lead to higher unemployment. "Part of the explanation for this very low rate of employment is that small business, as a result of the unfair dismissal laws being abolished, has had the courage to take more people on," he told journalists outside a school in Canberra.
Yes, no more clutching at straws by saying that jobs are only being created in the mining areas.He also attacked Labor's argument that the economy's strength is entirely reliant on the resources boom in Western Australia and Queensland. He pointed to a breakdown of the figures showing 70 per cent of the new jobs created were in NSW, Victoria and South Australia. "That gives the lie to the Labor Party argument that it's only the resources boom that is responsible for the strength of the Australian economy," he said.
Summary
If you want to continue with the standard of living you are now enjoying, stick with a government that knows how to manage the most important thing in our society. If you want a return to the bad old days of high debt, high inflation, high interest rates, high unemployment, union heavies telling businesses what they can and can't do, etc., vote Labor!
Shit you better watch out or you might even find some "Reds under your bed" as well! What a load of Liberal spin bullshit!:bash: Just like the interest rates wont go up under Howard.The Whitlam government was the most disastrous in Australia's history.
Yes, remember all the doom and gloom about how employers were going to lay off thousands of workers because of Workchoices? The opposite effect has occurred. Employers are happily taking on more workers. Not necessarily at Morwell, but in most other regions and metropolitan areas, things are going along very well.
Yes, no more clutching at straws by saying that jobs are only being created in the mining areas.
Summary
If you want to continue with the standard of living you are now enjoying, stick with a government that knows how to manage the most important thing in our society. If you want a return to the bad old days of high debt, high inflation, high interest rates, high unemployment, union heavies telling businesses what they can and can't do, etc., vote Labor!
Well the unemployment rate percentage has increased in Tasmania and the ACT and only decreased marginally in NSW VIC and SA. So while the number of jobs may be most in Vic NSW and SA, but in percentage terms WA and QLD flogged the other states. So I believe it was the mining boom.
what ever, everyone is allowed to there own opinion.Shit you better watch out or you might even find some "Reds under your bed" as well! What a load of Liberal spin bullshit!:bash: Just like the interest rates wont go up under Howard.
It doesnt take a genius to notice that howard's and costello's economic managment is far superior to rudd and swan.
After the budget all rudd and swan could spit out was that it failed to deliver nation-wide broadband and there failing in education. A bit limited in their argument.
And what do you know Victoria is under a LABOR Govt so how do you work out that the ALP are shit managers. The past is just that.Have a look at Rudds CV and you will see he hasnt just been a public purse sucking pollie like Howard has for 35 years! He has actually RUN his own succesfull businesses and his wife still does.
Victoria drives jobs growthhttp://www.news.com.au/heraldsun/story/0,21985,21705573-661,00.html
May 10, 2007 05:45pm
l
VICTORIA accounted for almost half of the new jobs created in Australia during April, latest figures show.
Labour force data released by the Australian Bureau of Statistics today shows the number of people employed in Victoria jumped by 24,400, or 0.9 per cent, over the month.
Victorian Employment Minister Jacinta Allan said this compared to an increase in national employment of 49,600, or 0.5 per cent.
"The latest figures show that Victoria is continuing its strong performance in jobs growth," Ms Allan said today.
The minister also said Victoria's employment rose by 84,300 people over the 12 months to April, and this growth rate was "second only to resource-rich Queensland".
Victoria's unemployment rate fell 0.1 percentage points over the month to 4.8 per cent.
The national unemployment rate also fell 0.1 per cent to 4.4 per cent, its lowest level since November 1974.
However, with both the Reserve Bank of Australia and the government having only just cut their inflation forecasts for this year in the past week, any imminent interest rate rise appears very unlikely.
First quarter wages figures are due for release next week.
Data from the Australian Bureau of Statistics today showed the unemployment rate dropped to a seasonally adjusted 4.4 per cent in April when economists had expected it to stay at March's level of 4.5 per cent.
Employment jumped by a solid 49,600 in April, with full-time employment growing by 11,600.
Victoria drives jobs growthhttp://www.news.com.au/heraldsun/story/0,21985,21705573-661,00.html
May 10, 2007 05:45pm
l
VICTORIA accounted for almost half of the new jobs created in Australia during April, latest figures show.
Labour force data released by the Australian Bureau of Statistics today shows the number of people employed in Victoria jumped by 24,400, or 0.9 per cent, over the month.
Victorian Employment Minister Jacinta Allan said this compared to an increase in national employment of 49,600, or 0.5 per cent.
"The latest figures show that Victoria is continuing its strong performance in jobs growth," Ms Allan said today.
The minister also said Victoria's employment rose by 84,300 people over the 12 months to April, and this growth rate was "second only to resource-rich Queensland".
Victoria's unemployment rate fell 0.1 percentage points over the month to 4.8 per cent.
The national unemployment rate also fell 0.1 per cent to 4.4 per cent, its lowest level since November 1974.
However, with both the Reserve Bank of Australia and the government having only just cut their inflation forecasts for this year in the past week, any imminent interest rate rise appears very unlikely.
First quarter wages figures are due for release next week.
Data from the Australian Bureau of Statistics today showed the unemployment rate dropped to a seasonally adjusted 4.4 per cent in April when economists had expected it to stay at March's level of 4.5 per cent.
Employment jumped by a solid 49,600 in April, with full-time employment growing by 11,600.
Here is something people like you never bring up and I dont expect Howard to talk about it anytime soon!what ever, everyone is allowed to there own opinion.
It doesnt take a genius to notice that howard's and costello's economic managment is far superior to rudd and swan.
After the budget all rudd and swan could spit out was that it failed to deliver nation-wide broadband and there failing in education. A bit limited in their argument.
When Howard left the treasury in March 1983, the budget deficit was forecast at $9.6 billion, inflation was 11 per cent, unemployment was 10.2 per cent, the economy was in recession with negative 0.4 per cent growth, and housing interest rates were 13 per cent.
And, despite the 1982-83 recession being the worst since the Great Depression, Howard still managed to increase the federal tax take from 25.1 per cent of GDP in 1977 to 27.5 per cent of GDP by 1982-83.
Never in Australia's history has a Prime Minister been voted out with low inflation and full employment............oh look Centrebet is pretty much backing even odds now...from 1.7/2.3 in Labor's favourite a few weeks ago.
Why bring it up?Here is something people like you never bring up and I dont expect Howard to talk about it anytime soon!
When Howard left the treasury in March 1983, the budget deficit was forecast at $9.6 billion, inflation was 11 per cent, unemployment was 10.2 per cent, the economy was in recession with negative 0.4 per cent growth, and housing interest rates were 13 per cent.
And, despite the 1982-83 recession being the worst since the Great Depression, Howard still managed to increase the federal tax take from 25.1 per cent of GDP in 1977 to 27.5 per cent of GDP by 1982-83.
The rest of the world was in a similar if not worse state. Australia is too small to influence our own economy - the world influences our growth and our interest rates more so than our actions.
Australia in the past 10 years has boomed while Europe grew sideways, Japan went backwards and the US now stumbling.
Look at it in perspective to other countries and then you will see if Australia is being managed in an effective way. Then again people who are so blinded by their own idealogical beliefs (Auslankan) fail to dig a little deeper. Oh now I'm waiting for the triad of abuse from Auslankan.
When Howard left the treasury in March 1983
I find it amusing you have to pull up records from 24years ago to prove a point, even though his most recent record proves vastlydifferent.
There is no substitue to experience, everyone talks about fresh ideas and alternate way of thinking. Rudd is more publicity driven and vote seeking then howard.
Until Rudd presents something that is even close to a decent economic plan for this country then im going to continue to doubt his expertise in this area.
Good job Australia! :cheers:
Most of Australias current prosperity is based on the economic reforms of the keating/hawke government. Most of the rest is based on favorable worldwide economic conditions.
The fact is that the Howard government has consistently just tinkered with the edges of the system and has made no major changes which have had wide ranging effects on the country. In fact, the best thing about the current government is that it hasn't done too much to change the system. You know what they say, if it aint broke dont fix it.
The fact is that the Howard government has consistently just tinkered with the edges of the system and has made no major changes which have had wide ranging effects on the country. In fact, the best thing about the current government is that it hasn't done too much to change the system. You know what they say, if it aint broke dont fix it.
^ Come on... don't be naive.
Australia's current prosperity is a combination of all governments.
Hawke/Keating introduced policy - however it was not revolutionary - every other country had already done most of the stuff we were doing.
The current Government has made changes to Corporate Tax/Law, Taxation reform, Labour Market Reform, Media Industry Reform and massive Superannuation reform (from a union run system to a true 'worlds best' system.
Australia's current prosperity is a combination of all governments.
Hawke/Keating introduced policy - however it was not revolutionary - every other country had already done most of the stuff we were doing.
The current Government has made changes to Corporate Tax/Law, Taxation reform, Labour Market Reform, Media Industry Reform and massive Superannuation reform (from a union run system to a true 'worlds best' system.
^^Haha lol. Go get a degree in economics, study some public policy history (not just the shit you got at your last young libs meeting) then we'll talk.
Haha. I don't vote Liberal.
And I am an Economics Graduate ....anyway be a little less aggressive if you want to get your point across. Maybe you should study some etiquette lessons?
And I am an Economics Graduate ....anyway be a little less aggressive if you want to get your point across. Maybe you should study some etiquette lessons?
i love it how everyone says not to talk about the past.
if i had a dollar for every time howard has said 'In 13 years of labor government' during one of his question time speeches in parliament id be a freakin millionaire.
if i had a dollar for every time howard has said 'In 13 years of labor government' during one of his question time speeches in parliament id be a freakin millionaire.
Are you therefore arguing that the current government has had no influence on the economy? No you are arguing the exact opposite.Australia is too small to influence our own economy - the world influences our growth and our interest rates more so than our actions.
Why was it twenty years ago that Australia was a slave to global trends but now is master of it's own destiny?
Me thinks you may not be seeing past your "own idealogical beliefs".
The mining boom has had nothing to do with employment growth since work choices was introduced.
Employment growth since work choices was introduced:
New South Wales/ Victoria: 2.6%
Queensland / Western Australia: 4.6%
Employment growth since work choices was introduced:
New South Wales/ Victoria: 2.6%
Queensland / Western Australia: 4.6%
1 - 20 of 81 Posts
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