Published: August 28, 2018
The new jobs minister should be aware of problems under the surface of the solid-looking employment figures
The new minister for jobs and industrial relations, Kelly O’Dwyer, has on the surface been given an easy job. Employment growth has been strong and unemployment is now lower than it has been since the end of 2012. But while the general employment news appears quite solid, a deeper look reveals the overall picture is somewhat brittle and that along with underemployment and low wages growth, long-term unemployment is an increasing area of concern.
It certainly is the case that unemployment is relatively low. The current trend rate of unemployment of 5.4% is lower than it has been for 61% of this century.
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