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au.finance.yahoo.com: How to fix Australia’s labour woes

Read Full Article Here: https://au.finance.yahoo.com/news/how-to-fix-australia-labour-woes-015046040.html

How to fix Australia’s labour woes.

In terms of the most recent data, the labour market remains near its weakest point since the 1930s Great Depression.

This translates to a 7.5 per cent unemployment rate and a 11.2 per cent underemployment rate.

Wages growth at a record lowThe other news on the labour market was confirmation that wages growth fell to a record low in the June quarter.

The key issue is the weakness in the economy and the labour market and the need for more government spending.

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