Employment: Jobs fall in September, with Vic the wrongdoer

Employment: Jobs fall in September, with Vic the culprit

Labour drive figures launched yesterday by the Australian Bureau of Statistic (ABS) replicate the continued impression of COVID-19, border closures and restrictions on the nation’s labour market exercise.

Seasonally adjusted employment decreased by 29,500 in September to face at 12,571,900, with Victoria being the explanation for the decline.

This comes within the wake of a robust improve of 129,100 jobs in August. The unemployment fee for September additionally elevated barely, by 0.1 proportion factors, to six.9 per cent.

Victoria misplaced 35 000 jobs

ABS figures present that the lower in jobs was most vital in Victoria, a lot of which was in Stage 4 lockdowns throughout the reporting interval, which noticed the state’s degree of employment fall by 35,500 (or 1.1 per cent) in September 2020. 

Exterior of Victoria, the remainder of Australia fared significantly better and noticed a rise of 6,000 jobs.

In keeping with employment minister, Senator Michaelia Money, the Federal authorities stays acutely conscious that the financial and labour market fallout from COVID-19 will proceed for a while.

Cushion pandemic’s impression

“That’s the reason the Authorities has moved rapidly to guard each the well being and jobs of all Australians and has put in place sustainable measures to assist cushion the impression of the pandemic,” Money acknowledged.

The minister mentioned that, so as to assist hold companies in enterprise and Australians in jobs, the federal government had responded with a whole lot of billions of {dollars} to assist an financial restoration.

“The Morrison Authorities has just lately dedicated $1.2-billion to boosting the apprenticeship commencements wage subsidy to assist 100,000 new apprenticeships and traineeships.”

Subsidy for apprenticeships

She added: “The 50 per cent wage subsidy introduced within the 2020-21 Finances will assist the following era of our expert employees and to assist job seekers get again into work.”

The subsidy will likely be accessible to employers of any dimension and in trade, wherever in Australia, who have interaction an Australian in an apprentice or trainee place from 5 October. 

Below the measure, employers will likely be eligible for 50 per cent of the wages for a brand new or recommencing apprentice or trainee for the interval as much as 30 September 2021, as much as $7,000 per quarter.

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