ANALYSIS: Long-term unemployment is falling rapidly, and it's changing lives
It's helped long-term unemployment fall to its lowest level since 2013.
That's why it's been so encouraging to see long-term unemployment decline so quickly in the past year.In October last year, when the national unemployment rate was still 5.2 per cent, there were 183,400 people in long-term unemployment. Notice how, as the labour market has tightened, the number of people who have been unemployed for one to two years has declined more quickly than the number of people who have been unemployed for two years or more ?But what will it take to get those lines down to the levels they hit in 2007-08?At that time, Australia's national unemployment rate was hovering around 4 per cent, and nominal wages were beginning to grow at an annual pace of 4.3 per cent.lower, at 3.
Mr Wendes was hired as a casual by Temtrol Technologies, in George Town, and was quickly made full-time., which works like a labour exchange for northern Tasmania.If you're looking for an employee in the region, you can contact the NEBHub and tell them what type of job you have going. If you're looking for work, you can tell NEBHub that you'd like a job.
"I have skills and value as an individual, so it's just been very uplifting knowing that I can actually contribute to the company and make a difference for the better."
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