Australia’s Job Market and Its Future

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Unfortunately, the recent economic crisis has affected countries all over the world, including Australia. Australia has faced large cutbacks in the past months, leaving many people jobless. Almost two thousand jobs were lost between April and May, and there have been more than 8,000 job cuts already since this year began. Some of the recent cutbacks have included the clothing manufacturer Pacific Brands firing 1,850, and Hans Continental Smallgoods meat processing plant cutting 400 jobs. When BHP closed one mine and reduced production at another, 1750 workers lost their jobs. The BHP mining company also announced that there would be more cutbacks to come. All parts of the economy have been affected, and there have been major cuts in the banking, aviation, and mining sectors.

Although Australia has a relatively stable economy compared to many other countries, job seekers will find it much harder to find a job than it would have been just a year or two ago. Unemployment rates have steadily increased in Australia, just when they had started to come down. Australia struggled with unemployment higher than 7% from the 1970’s to the early 21st century. The country had gotten its unemployment rate below 6% by 2003. By 2006, Australia’s unemployment rate dropped to 4.9%, the lowest it had been in more than 30 years. The rates went down even lower, but they did not stay that way. Between May 2008 and May 2009, the unemployment rate increased from 4.2% to 5.7%.

With Australia’s recent economic problems, people have started looking for the easiest way to get a new job. It seems that the traditional way of using a job recruitment agency is outdated and inefficient according to actual job hunters who have compared it to using other internet services. The most common way for people to get jobs today is to use online classified job postings. There are a number of popular sites that people can subscribe to and then wait for the job postings that match their description to be emailed to them. This saves the time of searching through dozens of posting for ads to find the ones that suit particular skills. It is a long way from the outdated technique of searching through the classified section of newspapers.

Job hunters have also begun to use other tools, including social bookmarking sites such as Twitter, Facebook, and LinkedIn to find contacts and search for job openings. There are also a number of websites for freelancers. If you are waiting to find a job, then you might want to consider doing some freelance work until you can find a company that you can work for long-term. One advantage of freelancing is that you can widen your search and choose from jobs all over the world. You might even want to continue freelancing after you land a new job as an additional source of income. Because it is easier and cheaper to use online sites, many job seekers are going that route.

Searching for a job in this kind of market is far from an ideal situation. Skilled job vacancies are decreasing, and many businesses are hesitant about expanding. Despite these problems, you should not give up. It will be harder to find a job, so you will have to be more inventive. You should build a list of people to network with, including friends, family, acquaintances, and former co-workers in this networking file. Many people are taking advantage of online job search sites and other internet sites. Explore all options on the internet. There are a variety of resources at your fingertips if you know how to find them.

Another recent trend in Australia has been a change from full-time to part-time jobs. Since November of 2008, approximately 35,300 full-time jobs have been lost and replaced with 38,400 part-time jobs. Although there are technically more jobs, the equivalent of more than 16,000 full-time jobs have been lost. Obviously, this means that many households are finding themselves required to watch their spending in order to make ends meet. Freelancing can supplement your income if you find yourself reduced to part-time employment. If you are searching for work, you might have to settle for a part-time job until you can find better employment.

Your chance of finding employment also depends on what field you are looking to work in. There are still many jobs available for teachers and medical professionals because regardless of the economy there will be a demand in these sectors. The Australian government is also putting money into infrastructure in order to create more jobs, so there will be a demand for people working on roads and railroads. Both the marketing and advertising sectors have also been doing relatively well.

If you are choosing what field of study you want to embark on have decided to return to school for training, taking burgeoning sectors into account is a good idea. The job market is in worse condition than it has been in a while, so if you want a good job, look at careers that have potential and plenty of job openings. Producing environmentally friendly energy has become more important to individuals and governments alike. You may want to consider the Liquified Natural Gas (LNG) field or uranium mining. The accounting and legal professions are also fields that promise plenty of jobs. If none of these fields interest you, then you should consider working for a small business or open your own.

You may want to consider taking a course or getting training in a different field if you cannot get a job with your skills. This is a major investment, so do not switch careers unless you have exhausted all options in your own sector, or you have decided that you want a different career move. Whether or not you are in one of these fields or considering one of these careers, you want to know what the future looks like for your country.

Many people are wondering what the prospects for the future are. The economic problems facing Australia, and most of the world, did not occur overnight, so they will not be fixed overnight either. Many experts believe that the job crisis will get worse before it improves. They expect unemployment to rise to at least 7%. This is because despite thousands of lost jobs, businesses are still in the early stages of cutbacks.

In order to stay in business and weather the current economic problems, companies are cutting costs wherever they can, and that includes jobs. Cutting jobs is one of the easiest ways for corporations to cut business spending, which is necessary for businesses to survive economic hardship. Unfortunately, very few businesses will try to expand in a precarious economy, which means that there will be fewer jobs replacing the ones lost. Australia is not the only country to suffer massive cutbacks; in fact, many other countries have been hit much harder. The global economy as a whole is reaching its lowest point since the Great Depression in the 1930’s.

Online job search websites can help in a number of ways. First of all they are usually cheaper than a job agency. They are also working for you 24 hours a day. You can wake up every morning to find a selection of ads in your mailbox to check out. This will save you time and allow you to start following up on these leads immediately. An online job search site will also let you find jobs from a wider range of locations. You can search for employment throughout all of Australia, and with many internet jobs available, you might even be able to work from home. The newest technology is being used to find jobs in the changing market. Do not miss out and get left behind.

The next couple of years will be rough, but there is no reason to lose hope yet. The government and financial experts expect unemployment to rise, but they are taking action. Australia’s government has dedicated itself to creating jobs for its citizens, including infrastructure jobs. The government has already spent $42 billion (28 billion USD) to bolster the economy and will continue to take steps to protect its citizens. Australia managed to drop its unemployment rates from about 6% to 4.2% in only five years. Australians will have to weather the storm, but with hard work and smart choices, Australia’s economy will get back on track and the country will once again be blessed with a thriving job market.

Source by Alex Murray

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