Grim Truth About Australia's Employment Slump
Australians were stunned to learn that unemployment rates have reached an all-time high, with markets shocked by the jump to a four-year high.
The country's job creation has been largely dominated by the public sector since Anthony Albanese took power, with approximately 80% of jobs sponsored by state and federal governments.
- The National Disability and Insurance Scheme has been a significant source of funding for various positions.
- However, the fiscal spending boom has ended, and both federal and state governments are now cutting back and aiming for budget repair.
This has resulted in a dramatic slowdown in public sector job creation, and the hope is that the private sector will pick up the slack with interest rate cuts.
There are reasons to think it will be slower than normal to respond for a while yet.
Author's summary: Australia faces employment slump due to public sector slowdown.
More News
- Bribing America: How The Cicero Institute Plans To Pay Voters To Criminalize Homelessness
- Tolerance.ca® - Guatemala: Six months of injustice and criminalization against Indigenous representatives from Totonicapán
- 'Wildly Corrupt': Trump Favors Rich Pal to Buy One of World's Largest Media Companies | Common Dreams
- Latino Voices Can Decide New Jersey’s Future, And Mikie Sherrill Is Listening - El Diario NY
- Instant Reaction: No. 8 Ole Miss defeats No. 13 Oklahoma - HottyToddy.com - Ole Miss Sports, Oxford Entertainment, Dining & More
- A Long-Overdue Shakeup in Higher Education
- Nobody Wants This' Justine Lupe On Morgan's 'Real Person' Crisis, Relationship With Dr. Andy And Potential Romance With Sasha - TVLine