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Unemployment Assignment Help

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Introduction

In the modern era, people need suitable job as they can lead their life in the appropriate way. The people receive proper education; however, they do not get the scope of working. Hence, the unemployment creates the major problem in Australia. The employment of the people helps to increase the economic condition of the country. However, in the country of Australia, the people are not suffering from unemployment. Few people are there, who are suffering from the problem of unemployment. In the recent days, it is seen that, the population of the country is very high and the government of the country is not able to manage it in the effective way.

As per the report of the Australian Bureau of Statistics (ABS), it is seen around 5.7% people of Australia are suffering from the problems of unemployment. It is also seen that, the government of Australia are able to decrease the rate of unemployment. It is seen that around 2.2% people are able to get job. On the other hand, it is also seen that, due to population, around 61.4 % people were suffering from unemployment in the year of 2013. However, in the year of 2015, it is seen that the government of Australia is able to adjust their situation by increasing the industries in the country. They have covered around 5.80% (abc.net.au, 2017).

Figure 1: Unemployment rate

(Source: abc.net.au, 2017).)

The entire study has focused on the unemployment rate of Australia in the last five years. It will emphasise on the current status of unemployment of Australia. In order to analyse the rate of employment in the effective way, the contract model and Hutt’s classical Theory of Unemployment have been elaborated. As the economical growth of the country depends on the business or employment rate of this country, the study of unemployment can help to bring success for uplifting the standard of country in the world.

The thesis statement of this study is to research on unemployment and try to develop the condition for increasing the economical status of Australia.

Body

Discussion regarding the unemployment of Australia

Overview of the unemployment in Australia

Australia has faced huge problems for unemployment during 2014. It is seen that among 1000 people, 440 people were suffering from the problem of unemployment in the year of 2014. As per the report of labour force, around 400 women are suffering from unemployment (aph.gov.au, 2015).

Figure 2: Unemployment rate from 1978-2014

(Source: aph.gov.au, 2015)

However it is seen that, they are able to cover it in the efficient way. The labour force expresses the system for measuring the unemployment rate in the country of Australia. It is seen that, the long-term unemployment derives the erosion of the society. According to Morris & Wilson (2014), people, who are not working around 52 weeks, are considered as the people of long-term unemployed. The labour force has provided the report that, among 1000, 50-100 people were suffering from unemployment in the year of 2013. Hence, it indicates around 1.45% people were jobless (aph.gov.au, 2015).

Figure 3: Long-term unemployed people-trend

(Source: aph.gov.au, 2015)

It is seen that, the labour force of Australia, try to build a framework for decreasing the rate of unemployment. It has been observed that, the population is one of the reasons of unemployment. As per the population, the labour force tries to identify the active and inactive people. In the active genre, there are two categories like unemployed and employed. It helps to get the rate of unemployed people in the country of Australia.

Figure 4: Labour force framework

(Source: aph.gov.au, 2015)

In the year of 1990s, the great downfall of economic condition of Australia has been seen. Due to global financial crises, the people again faced problems in the year of 2009. In 2007-2008, around 0.6% people were suffering from unemployment. On the other hand, around 1.0% people faced the unemployment problem in 2011. It is also seen that, in 1994, around 38% men and 28% women were suffering from the problem of unemployment. In case of long-term unemployment, around 21% men and 19% women face the problems. As per the report of the Australian Bureau of Statistics (ABS), around 116700 people were suffering in the year of 2010-2011 (abs.gov.au, 2011).

Figure 5: long-term unemployment ratio

(Source: abs.gov.au, 2011)

It has been observed that, the people of Australia have faced immense difficulties like living problem, economical declination due to unemployment. Proper employment ensures the economical growth of the country. If the country is able to decrease the unemployment rate, they can increase their standard in the world. In case of Australia, though they have faced the unemployment problems, they are able to cover it up in the effective way. In order to cover up the unemployment problems, they have introduced the new companies of different industries.

The aboriginal people of Australia had faced the unemployment problems. In Western Australia, the unemployment rate was around 25.1% in the year of 2014-15. Around 31.8% of aboriginal people faced the unemployment related difficulties. It has been noticed that, around 33.7% people who belonged to 15-24 years, faced unemployment related difficulties in the year of 2014-2015 (abs.gov.au, 2015).

Figure 6: Unemployment rate by age and indigenous status- 2014-15

(Source: abs.gov.au, 2015)

As per the viewpoint of Milner et al. (2013), the aboriginal people of Australia do not receive the equal power. Hence, most of the aboriginal people were jobless in Australia in 2014-15. The labour force of Australia helps to get the clear perception about the rate of unemployment in Australia. They have arranged survey for getting the proper outcome about unemployment.

Recent status of unemployment in Australia

The unemployment rate of Australia has stood at 5.6 % in the year of 2017. It is also seen that the unemployment rate has increased from 1100 to 730600. In this situation, they are looking for the part time job. As asserted by Milner, Page & Lamontagne (2014), Australia is able to decrease their unemployment rate in the effective way. In July 2017, the unemployment rate was increased around 5.7%. It is observed that, in January 2017 to April 2017, the unemployment rate was around 5.9%. The economy of Australia has added around 54000 jobs, however, around 1100 people are still jobless (tradingeconomics.com, 2017).

Figure 7: Australian Unemployment Rate in 2017

(Source: tradingeconomics.com, 2017)

As per the report of ABS, the very long-term unemployment indicates the people are not working for 52 weeks or more than that. On the other hand, the very long-term unemployment suggests the people, who are not working for 104 weeks or more than that. In Tasmania, it has been observed that around 3.9% people are suffering from unemployment in August 2017. In 2015-16, the rate of unemployment was around 2.5 % (tradingeconomics.com, 2017). As commented by An et al. (2017), in the recent days, the Australian people are able to manage the problem of unemployment in the effective way. They have increased the number of companies in the country. If the country is able to increase the number of organisations, it ensures the downfall of the rate of unemployment.

Analysing the research of unemployment of last 5 years in Australia

Australia faces the unemployment related problems and at the same time, they are able to remove the difficulties in the efficient way. In the opinion of Fromentin (2013), the Australian government has maintained their economical growth in the effective way. It is seen that, in the year of 2014, around 440 people among 1000 were jobless. However, they are able to recover the state in the appropriate way. It is observed that in 2017, the unemployment rate is around 5.7%. The government of Australia has introduced new enterprises for decreasing the unemployment rate of the country.

On the contrary, Jakubowicz et al. (2014) stated that, Australian government follows different theories classical theory, the theory of idle resources and many others in order to resolve the difficulties of unemployment. W.H. Hutt has written the monograph in the year of 1939. In the theory of unemployment, Hutt highlights the factors of unemployment like enforced, aggressive idleness, valueless resources, participating, strike, pseudo-idleness and many others. In Australia, it has been noticed that, the problems of unemployment have occurred due to the economic condition of the market. Often, it is monitored that, few people are not interested in work. Hence, they are counted as the unemployed people. However, in case of aboriginal people, they are suffering from the problems of unemployment. Around 33.8% people were jobless in the year of 2014-15. The government of Australia has developed the legislation of the Unemployment Relief Act 1936 for removing the unemployment rate. Therefore, the government of Australia is able to solve the unemployment related problems.

According to Crowley et al. (2013), last 5 years, Australia did not face huge crises due to unemployment. The global financial crises in 2013 have created employment related problems. However, the Australian government is able to remove the crises by introducing new entities in the country. The business organisations try to expand their business as they can recruit more people in their enterprises. Therefore, they can decrease the unemployment rate in the country of Australia.

On the other hand, Lee & Parasnis (2014) commented that, the Australian government has increased the number of ventures in the country. It indicates that, the government wants to decrease the rate of unemployment. In order to develop the new ventures, the Australian government follows the classical theory of Hutt. As per Hutt’s theory, often, the authority of the organisations has low capital for running the business. In this case, the business organisation needs hire shareholders for developing their business. If they can hire the shareholders, they would be able to recruit more people. It helps to decrease the rate of unemployment in Australia. Hence, in 2016, around 250000 person people have got job. The Australian government is able to recover the problems of unemployment in the effective way. In July 2017, around 28000 people got job. Therefore, Australia does not face tremendous problems due to unemployment.

In the opinion of Atalay, Kim & Whelan (2014), the contract model is the effective way of reducing the unemployment in Australia. It describes the mechanism for running the business. The contract model helps to understand the market segment and the status of the market. If the business organisations provide proper remuneration to the employees, they would enjoy the work. They will not think of resigning the job. Hence, it would help to decrease the rate of unemployment in Australia. It has been observed that, around 253000 people have got job in the year of 2016. The ABS stated that around 2.2 % have risen for reducing the problems of unemployment. As per the contract model, the employees receive proper training. If they are able to receive accurate training, the employees can do their job in the effective way. Therefore, it helps to reduce the number of unemployment in Australia.

On the contradiction, Furuoka (2014) stated that, in 2014, the Australian people had faced unemployment related problems. Hence, the aboriginal people of Australia do not get scope for working. The Australian people create discrimination with the aboriginal people. In order to solve the problem of discrimination, the Australian Government has introduced the legislation like the Unemployment Relief Act 1936. The legislation helps to reduce the rate of unemployment in Australia

The Effects Of Enployment In The Country Of Australia

The unemployment affects the economy of the country. As per the viewpoint of Waters et al. (2014), if the country is not able to manage the problems of unemployment, they would not be able to hold their position in the contemporary market. The reasons of unemployment are social problems, industrial disputes, labour exploitation, political instability and many others. The effects of the unemployment are followed by-

Econoimic Declination

The business organisations help to increase the economic condition of the country. If the authority of the ventures is able to develop the business in the appropriate way, it ensures the economical growth of the country. As per the viewpoint of Furuoka (2014), the economical growth depends on the employment of the country. If the country is not able reduce the problems of unemployment, they would face the major economical difficulties. In order to live in the perfect way, the people need to have job. If they do not have suitable job, the people are not able to lead their life easily.