Car rental scottish job vacancies have gone from a problem for Australians in the last couple of years to a major concern.
The unemployment rate for the first three months of 2019 stood at 6.2%, down from 7.6% in the same period in 2018.
The rate for job openings in September was 7.5%, down 0.6 percentage points.
In contrast, the unemployment rate in the three months to September was 12.5% (see graph below).
This has been the story for most of the last two years, and now the job market is again in a recession.
“Job vacancies in 2018 were at an all-time low, but this trend has reversed in the first half of 2019,” said John Kelly, a research fellow at the Australian National University’s Centre for International Studies.
The biggest factor in the shift is the sharp increase in vacancies since the start of 2018.
“For many years, the job vacancy rate for vacancies was below 3%, but in 2019 it reached a new high of 6.5%.
This is unprecedented,” he said.”
This is partly because the labour market has been in a severe downturn, but partly also because of a slowdown in population growth,” he added.
While the recent economic slowdown has slowed, the problem of vacancy growth is much bigger than that.
“Over the last year or so, the rate of vacancies has increased sharply, but it is now well above the level at which the Australian economy is currently functioning,” said Mr Kelly.
While there has been a rise in the number of job vacancies, it is the decline in the jobless rate that has been especially troubling.
For the first time since 2016, the Australian Bureau of Statistics (ABS) has recorded a lower unemployment rate than the Bank of Australia’s forecast for the full year.
As the ABS reports, this was the first decrease in the ABS unemployment rate since September last year, when the ABS forecast the unemployment level at 6%.
The trend for the unemployment rates since April this year has been very similar to the trend seen in the September to September period.
This has led to concern among some commentators.
“There is a perception among some people that there is a shortage of skilled people for these jobs,” Mr Kelly said.
“But I think the real concern is that there are so many people who are looking for jobs that the number that is available for them is very limited.”
There are two main reasons for the recent decline in vacancies.
The first is that the unemployment insurance system is no longer paying much.
It had already cut unemployment benefits by more than half over the last five years, to about $500 a week for an individual, and to $150 a week at a company.
However, there is concern about how long this will continue.
Secondly, the economy has been shrinking and there are concerns about a drop in the cost of living.
“The average monthly cost of a home has dropped by 25% in 10 years and that is going to impact on the costs of housing, especially if you are a family of four,” said Andrew Waugh, the managing director of the property consultancy Knight Frank.
However, Mr Kelly pointed out that the real challenge for job seekers is not the cost, but how to find a job.
Some of the jobs that were created in the housing boom are now being taken over by new companies, he said, which is a concern for those who are seeking to find work.
There is also a problem with the availability of housing in some areas of Australia, as a result of a lack of supply and high demand.
“The Australian Capital Territory has been hit particularly hard,” Mr Waugh said.
“A lot of that housing boom has been taken over and is being lost.
There are people that are getting hit.”
The lack of new housing is a major problem for people in Australia who are job-hunting, Mr Wagh said.
While some of the new construction is for a relatively small number of companies, it can be a huge burden for the existing owners of properties.
“I don’t think anyone is expecting people to be renting out their houses, but I do think there will be a big problem,” he warned.
But it is not just people seeking work who are struggling.
Job vacancies have also been on the rise in rural Australia.
While there are fewer people looking for work in the cities, the number has also risen.
According to data from the Australian Institute of Health and Welfare, unemployment rates in the region have been steadily rising for the last three years.
When looking at the number and types of vacancies for each of the states and territories, unemployment levels in the regions have not changed over the past three years (see below).
The ABS data also shows that in some states and regions, the percentage of vacancies increased from a decade ago, when unemployment was at an 11-year low.
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