Unemployment is one of the factors that really influence the economy. Past months ago, employment in Australia is very in demand because of the mining sector but what happened, why unemployment rise? Is this the reason why the economy crashed?
According to Roy Morgan Research released last Monday, the results of its latest unemployment and under-employed survey, “Unemployment in Australia is now at 10%, and quite a bit higher than experienced during the GFC.” There are so many factors behind this, but what is the key driver in the increase of unemployment? Are there more people now participating in job market? We have different views why unemployment rise but the mere fact is, rising of unemployment really affects the economy. Indeed, unemployment needs to decrease and I think people now, after the retrenched employees for holidays, more people now back into looking for work.