Thread: Over 100,000 could join unemployed ranks as Australian economy slows

MORE than 50,000 jobs are expected to be lost as the economy slows in the next nine months, with some experts tipping the loss of as many as 100,000.

Read more: http://www.news.com.au/money/over-10...#ixzz1VmKcDAS6

I think 100,000 is a conservative figure to be honest, manufacturing has all but disappeared, retail is on the edge and building is down. Anyone who believes the farcical Government unemployment figures is kidding themselves, it's a national disgrace. Some say the true figure is well over 10%. Don't worry though because mining is booming.

Thing is, when the jobs become scarcer in Australia, they usually cut back on the skilled visas until things pick up, but here in the uk, migration just carries on regardless because we are ruled by Europe and thats why over 8 out of 10 new jobs created go to people from over seas, when we have 2.5 million people out of work its disgraceful, we should put our kids first and when we need over seas workers, i am happy for them to come in. Most new jobs created here in the uk are either part time, or low paid and the outlook is grim at present.

I was amazed to see in the poll with that story that over 55% of people don't feel secure in their job. That's incredible.

Originally Posted by Aldo

MORE than 50,000 jobs are expected to be lost as the economy slows in the next nine months, with some experts tipping the loss of as many as 100,000.

Read more: http://www.news.com.au/money/over-10...#ixzz1VmKcDAS6

Originally Posted by Hoff to Oz

Thing is, when the jobs become scarcer in Australia, they usually cut back on the skilled visas until things pick up, but here in the uk, migration just carries on regardless because we are ruled by Europe and thats why over 8 out of 10 new jobs created go to people from over seas, when we have 2.5 million people out of work its disgraceful, we should put our kids first and when we need over seas workers, i am happy for them to come in. Most new jobs created here in the uk are either part time, or low paid and the outlook is grim at present.

have the government cut backs kicked in yet, surely that will just exasperate an already dire economy ?

Originally Posted by peacock

have the government cut backs kicked in yet, surely that will just exasperate an already dire economy ?

No most of the cuts have still to bite, i'm afraid and the 30,000 rioting in London, could turn into 300,000 and with 16,000 less police on the streets it could be a disaster, worrying times mate.

Don't worry jim, It'll all be OK you'll see

The disgusting thing about the Bluescope Steel affair is that as mentioned in the story the executives paid themselves $3 MILLION in bonuses while sacking 1000 workers.

http://www.abc.net.au/7.30/content/2011/s3295017.htm

'According to the company, 82 per cent of Australians don't fly Qantas or Jetstar when they go overseas.' That quote is interesting, I thought Aussies would be more patriotic to be honest but I suppose when times get tough price is everything.