Employment Growth and IR

Submitted by Bismark02 on Mon, 06/02/2014 - 20:48
I have previously suggested that one way of drawing attention to the need for reform of workplace relations would be to draw attention to the trend in employment growth and compare that with Abbott’s promise to create one million jobs over the next five years. Abbott’s press release made in late November 2012 may be seen here. You may also read an article from the SMH commenting on the jobs “promise” here.  As to the actual figures, if it is assumed that the starting point for the additional one million jobs is September 2013 the additional million would not have to be achieved until Sept 2018, well after the next election. To achieve that would require an increase in employment of 8.7%, or an annual average of 1.7%. This is considerably higher than the actual growth rate over the year ended April 2014, which was 0.9%, and well below the 1.8% growth rate in the population aged over 15 years. The following shows what happened to the increase in the over 15years: Incr from April 2013 to April 2014 (000s) Population 15 yrs & over     337.0   Employment                      106.5 Unemployed                        32.2 Drop Outs                          198.3 Last week's press reports that the Chairman of the Minerals Council, Michelmore, called for a “root and branch” industrial relations overhaul and  that even the new head of Rio complained about union claims. Des Moore is a member of the HR Nicholls Society Board of Management.