AUSTRALIA: 19 Jobseekers For Every Job: The Unemployed Elephant in the Room

According to the Australian Bureau of Statistics, there are 713,300 unemployed workers (5.6% of the workforce) and 1,110,100 underemployed workers (a record-high 8.7%).

Adding the 1.82 million Australians looking for work, the most recent ABS data indicates there are a further 1.34 million ‘hidden unemployed’ who are not considered part of the workforce but are also looking for work.

That’s just over three million Australians who are currently looking for work. Can they all be ‘leaners’, ‘dole bludgers’ and ‘job snobs’?

Not according to the Department of Employment’s figures on job vacancies. According to the Department’s August Vacancy Report, there are 166,800 job vacancies currently listed in Australia – down from over 300,000 in 2008.
READ MORE: https://newmatilda.com/2016/10/10/19-jobseekers-for-every-job-the-unempl...