Unemployment rates in Australia are on a steady downfall, showing a 0.3 percent drop since November last year. The Australian Bureau of Statistics has reported the good news while presenting over 70,000 jobs created late last year for workers. With over 41,000 opportunities created for full-time and over 31,000 part-time/casual employment positions, there is no doubt that Australians will soon get the job they want.
The Queensland rate fell from 6.1 percent to 5.9 percent in late December 2015. New South Wales was at 5.5 percent and fell to 0.3 percent with South Australia following at 7.6 percent down to 7.3 percent.
Unfortunately, Victoria and Tasmania’s unemployment soared as Victoria rose from 5.6 percent to 6.2 percent. Tasmania’s 6.5 percent unemployment rate reached a colossal 6.6 percent being the highest state for unemployment. The result of this drop has now surged the Australian dollar up by one percent, converting to US73.2 cents.
Employment Minister Michaelia Cash has praised the drop which followed 11 months after Australia’s highest rate at 6.4 percent in January 2015. “What it says is that we have encouraged workers, Australians are putting their hands up and saying, ‘we want to work” she said praising the drop.
Opposition Leader Bill Shorten also praised the dropping rate, but said a lot of work remained. He later welcomed all to live the Australian dream and live inspired by the pursuit of growth inspiring those to keep reaching their highest potential.
Malcolm Turnbull described the figures as “something to be very pleased about” and he is hoping for an even further decline in the coming months.
Following the good news for Australia’s declining unemployment rate, the International Labor Organisation (ILO) has predicted the world’s unemployment rate will fall to 5.7 percent through the beginning of next year. The way the economic state is going in America right now, the ILO has predicted the amount of American’s who are unemployed will fall to (4.9 percent) 7.7 million from (5.3 percent) 8.7 million.