The Growing Rate of Unemployment in Australia

Since 2008, the global economic crisis has continued to affect various industries all over the world. In Australia alone, many industries and companies have reduced a significant number of its labor force in the past 18 months. The mining industry in particular experienced a setback resulting in more unemployed workers in the country. The rapid decrease in export prices is another reason why coal mining companies continue to struggle. Many economists see these as signs of economic downturn in Australia.

The ongoing energy crisis and environmental concerns has also led the Australian government to impose carbon tax on companies with the biggest impact or carbon footprint. The big polluters in the country would have to pay carbon tax for every ton of carbon emitted in the atmosphere derived from their industrial operations. Companies may have to cut down jobs in the process. Others choose to outsource their labor force in other countries like Malaysia, Philippines, and India to reduce the cost of operation and hopefully keep the business afloat amidst this crisis. Economists claim that the downturn Australia is experiencing today is just the continuation of the county’s long-term struggle to avoid recession.

Business may find ways and other resources to continue their operations but many workers are left with fewer options and struggling to find jobs in the country. What is the fate of the unemployed in Australia? The government sees the predicament and economic struggle of its people. Initiatives in creating an online-based job search resource are ongoing. http://www.jobsearch.gov.au/ is one website designed to offer a medium for job seekers and companies alike. Many individuals can use to seek career opportunities in various industries.

Higher number of unemployed citizens and lower number of jobs increases competition in the job market. You have lower chances of landing a job if you have too many individuals applying for a similar position. Several are forced to consider another field or industry. Job seekers are encouraged to seek help from online search sites and shouldn’t limit their job searches to newspaper classified ads. Online job search sites can provide more opportunities and return related results based on industry. Private recruitment agencies have been helpful as well. Outsourced recruitment also opens up more possibilities for job seekers and companies, too. You can now hope to find more FIFO jobs, HR, mining, engineering, and healthcare jobs with the help of recruitment firms.

Sources:
http://www.wsws.org/articles/2012/sep2012/jobs-s11.shtml
http://www.carbontax.net.au/