ABS data

In the lead-up to the federal Jobs Summit, it is worth remembering that Australia is carrying a burgeoning precariat of unemployed and underemployed people, writes Malcolm King.

A new ACTU report states poor pay, a lack of hours and employer responses to the pandemic are driving insecure work. Paul Oboohov reports.

Nothing maintains the culture wars more than a conservative PM blaming the unemployed for their lack of employment to a room full of rich business people, writes Dechlan Brennan.

Life is about to get a lot tougher for 700,000 workers and their dependents when the penalty rate cuts hit on July 1. It is also the day politicians will get a 2% pay rise.

Full and part-time workers in the retail, fast food, hospitality and pharmacy industries are the first to be hit. The ACTU calculated that casuals in the pharmacy industry will face an annual cut of up to $6000 as the result of a February ruling by the misnamed Fair Work Commission.

From 1954 to 1972, Australia’s official unemployment rate was under 2% as the economy grew at the most rapid rate in the country’s history. There was one exception, the credit squeeze year of 1961, in which unemployment rose to 2.4%.
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