Australian (ASX) Stock Market Forum

Jobs, jobs, jobs!

I dunno. Let's say I lose my current job at middle age. Then the only thing I could find was paying half or less. Well I'm having a hard time coming up with reasons to continue living.

As long as you're working doing something, anything, opportunities will open up to you , your brain keeps working, it's retirement that does the damage.
 
As long as you're working doing something, anything, opportunities will open up to you

Not necessarily. I know a few people who have been destitute for years, and frankly I wonder where they find the will to keep going... I doubt I would have continued to endure if the shoes were on my feet (or in such cases, sometimes shoes are a luxury one has to scavenge for).
 
Not necessarily. I know a few people who have been destitute for years, and frankly I wonder where they find the will to keep going... I doubt I would have continued to endure if the shoes were on my feet (or in such cases, sometimes shoes are a luxury one has to scavenge for).

Get a lawn mower and put an ad in the local paper.

AND (and here's the good bit) be on time every time and do a better job than the competition, you will get referrals and before long you will be franchising.

Just give people what they want and you'll always be on top of the game.
 
Get a lawn mower and put an ad in the local paper.

AND (and here's the good bit) be on time every time and do a better job than the competition, you will get referrals and before long you will be franchising.

Just give people what they want and you'll always be on top of the game.

You obviously have no experience with such people. But no hard feelings.
 
Been a drop off in interest in threads such as this as the employment numbers improve in Australia.

Today's figures from the ABS available at http://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0?OpenDocument

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NOVEMBER KEY POINTS


TREND ESTIMATES (MONTHLY CHANGE)

* Employment increased to 10,844,400
* Unemployment decreased to 659,400
* Unemployment rate decreased to 5.7%
* Participation rate remained at 65.2%
* Aggregate monthly hours worked increased to 1,528.3 million hours



SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

* Employment increased 31,200 (0.3%) to 10,868,200. Full-time employment increased 30,800 to 7,627,400 and part-time employment increased slightly, up 300, to 3,240,700.
* Unemployment decreased 13,300 to 653,100. The number of persons looking for full-time work decreased 11,100 to 486,400 and the number of persons looking for part-time work decreased 2,100 to 166,700.
* Unemployment rate decreased 0.1 pt to 5.7%. The male unemployment rate decreased 0.1 pt to 5.8% and the female unemployment rate decreased 0.1 pt to 5.5%.
* Participation rate decreased slightly to 65.2%.
* Aggregate monthly hours worked increased 13.4 million hours (0.9%) to 1,536.3 million hours.



LABOUR UNDERUTILISATION (QUARTERLY CHANGE)

* Trend estimates: Labour Force underutilisation rate constant at 13.6%
* Seasonally adjusted estimates: Labour Force underutilisation rate decreased 0.1 pt to 13.5%. The male labour force underutilisation rate decreased 0.1 pt to 11.9% and the female labour force underutilisation rate decreased 0.3 pts to 15.3%.

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I can only see a further increase in the ammount of full time jobs from here on in.

Resource companies will be hiring bitime in the New Year with some massive investment projects coming onstream.

Intrest rates will rise again in Febuary but the housing sector maybe more robust than I originally thought.

Peak unemployment is now in at 5.8%

Could be an interesting year with regards to the stockmarket in 2010 as more revenue comes into the market place from more peoples Super.
 
Figures hide a lot. I know in my area this year a number of people have been made redundant and not eligible for Centrelink benefits and don't take part in that system. Also in NW Tas there have been some announcements of some closures which will impact next year. Luckily the government has stepped in to help them retrain and get skills for the unknown jobs where no specifics are mentioned.

Centrelink and ATO could probably help a lot to get figures on unemployment instead of using extrapolated ABS figures.
 
Figures hide a lot. I know in my area this year a number of people have been made redundant and not eligible for Centrelink benefits and don't take part in that system. Also in NW Tas there have been some announcements of some closures which will impact next year. Luckily the government has stepped in to help them retrain and get skills for the unknown jobs where no specifics are mentioned.

Centrelink and ATO could probably help a lot to get figures on unemployment instead of using extrapolated ABS figures.

However, toget on the ABS unemployment list, you must have activley seeked paid work,. It has nothing to do with Centrelink benefits.

This stops the long term dole bludgers from getting on the list, but it will also show the genuine workers who are retrenched and lookinf for work who may not be eligible for benefits.
 
I can only see a further increase in the ammount of full time jobs from here on in.

Resource companies will be hiring bitime in the New Year with some massive investment projects coming onstream.

Intrest rates will rise again in Febuary but the housing sector maybe more robust than I originally thought.

Peak unemployment is now in at 5.8%

Could be an interesting year with regards to the stockmarket in 2010 as more revenue comes into the market place from more peoples Super.

Totally agree. Will be a very interesting reporting season next year. We are one of the only (if only) developed countries not to fall into recession. The only to begin raising ir's. And yet the All Ords is performing on par (or even behind) the other developed countries indices. Strange.
 
Figures hide a lot. I know in my area this year a number of people have been made redundant and not eligible for Centrelink benefits and don't take part in that system. Also in NW Tas there have been some announcements of some closures which will impact next year. Luckily the government has stepped in to help them retrain and get skills for the unknown jobs where no specifics are mentioned.

Centrelink and ATO could probably help a lot to get figures on unemployment instead of using extrapolated ABS figures.

The government does not want the real unemployment figures published.
Makes them look bad. That's why so many older unemployed people are put on Disability Pensions - it simply removes them from the 'seeking work' category.

Not just this government. All colours do it.
 
ABS uses 25,000 people for the survey or something. While a government may not like the real figure it would be in the best interests if the real figure were to be known. It allows proper ackowledgement and better focus.
 
Good point Krusty, this is the sort of thing the aggregate figures hide. I hope, though, the situation there is at least on the improve?

Not that I know of, that figure I quoted I got from an employment agent and that was two weeks ago.

The problem here, the Northern Rivers region of NSW, is that it is such a great place to live but there is a high proportion of residents on social security, so the local economy is quite depressed. Lots of vacant shop fronts.
 
Also in NW Tas there have been some announcements of some closures which will impact next year. Luckily the government has stepped in to help them retrain and get skills for the unknown jobs where no specifics are mentioned.
McCain - closing

Wesley Vale pulp mill - closing

Burnie paper mill - downsizing and probable closure.

NW Tas is about to get hit pretty hard with job losses and this comes after the recent big job losses at Caterpillar etc too. :(
 
McCain - closing

Wesley Vale pulp mill - closing

Burnie paper mill - downsizing and probable closure.

NW Tas is about to get hit pretty hard with job losses and this comes after the recent big job losses at Caterpillar etc too. :(

So long as all those redundant employees find at least 1 hour of piece-meal work per week, they WILL NOT SHOW UP IN THE UNEMPLOYMENT STATS.

Problem solved.

:cool:
 
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