Unemployment and under employment

Описание: The May ABS stats show unemployment steady at 5.7%. But it's smoke and mirrors. Some 18,000 new jobs were created in the month but all of them were PART-TIME positions. In addition to our unemployed, a further 4.7% of the workforce are UNDER-employed. These are Australians working part-time and WANTING more hours. That brings the percentage up from 5.7% to 10.4%

Now add all those workers - typically aged 50 and over, who have given up looking for a job. There is ample evidence to show that true unemployment and under-employment is closer to 14% of the total population!