set about 1. Statistics
* In July 2011, the unemployment rate steadied at just less than 5% which is seen as an ideal number.
* Total job vacancies overall in May 2011 were 186,000,
* The number of job vacancies in the offstage sector was 167,800 in May 2011
* The number of job vacancies in the public sector was 18,200 by May 2011
* July 2011 saw the corporation rate at 66%
* Employment increased to 11,450,500 in July 2011
* This is a slight rise from June 2011
Part 2: Essay
The toil market is one of the most important sectors of an economy. It has a involve impact on our lives because at some stage we allow participate in it. Governments must examine into key ram market indicators and dissect the problems that affect our effort market. The labour market can be defined as a place, vicinity or institution where buyers and sellers of labour can negotiate wages. Overall, the labour market in Australia has been changing for the better, with strengths and improvements in the unemployment and participation rate.
conjunction rate
The participation rate is a term applied to the labour force describing the percentage of a given group of individuals of working age who are prepared to work and seek employment. A number of both long and short-term factors can specify the participation rate. The state of the economy tends to be a short-term influence, whilst on the other hand a recession within the economy can be seen as a semipermanent influence as people are less upbeat about job opportunities and therefore dont actively seek work. As stated in the graph below, the class that is estimated of the participation rate for persons generally remained steady throughout the previous 10 years.
* High of 66% in July 2010
* Low of 63% in July 2004
With the highest recorded participation rate coming in 2010, and remaining fairly steady over the past year, it is...If you emergency to get a full essay, order it on our website: Orderessay
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