Employment – what is the real situation?

| June 17, 2010

Are recent employment statistics as positive as they first appear?

Latest statistics show that employment in Australia has grown by 140,000 during the first five months of 2010 with 26,900 jobs created in May. Our unemployment rate of 5.2% is generally recognised as full employment and our growth in employment is excellent compared with the US and Europe.  

But what is reality?
Because the adult population in Australia has grown by 430,000 over the past year does not a question remain about the real situation relating to employment/unemployment levels?
 

Les Pickett is Partner for Australasia and South East Asia for international human capital management organisation McBassi & Company and Chief Executive of Pacific Rim Consulting Group. His professional career has taken him to over twenty countries. Former roles include General Manager Management Services with Coles Myer and Deputy Director United Nations System Staff College. He is an Ambassador to Tomorrow’s Global Company, a UK based business led think tank and a past international president of the Institute of Business Administration.

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