Youth unemployment remains high
In May, the unemployment rate among young people reached 13.1 per cent, according to the Australian Bureau of Statistics (ABS). This is the highest rate for youth unemployment since 2002.
In May, the unemployment rate among young people reached 13.1 per cent, according to the Australian Bureau of Statistics (ABS). This is the highest rate for youth unemployment since 2002.
Minister for Natural Resources and Mines Andrew Cripps explained that the ResourcesQ workshop was launched to help shape the 30-year vision for Queensland’s resources industry, boosting the sector as one of the state’s four pillars of the economy.
Plans to launch ConstructionQ were revealed by Minister for Housing and Public Works Tim Mander on May 19. Mr Mander explained that this arrangement would deliver on the government’s promise to support the construction industry as one of the four pillars of the economy.
The federal budget has attracted a wide range of responses from various sectors and industries, yet one thing everyone seems to agree on is the benefits the budget is expected to bring to small to medium enterprises (SME) in Australia.
While overall spending on mining, manufacturing and construction is forecast to decrease $3.139 billion last year, to $2.74 billion in the next financial year, Mining Australia suggests the news is primarily positive. The decline in spending has principally been attributed to the government’s decision to reduce the research and development tax incentive and refundable tax offset by 1.5 per cent to 43.5 per cent on July 1 this year.
In particular, the federal government has confirmed plans to invest in a number of key transport infrastructure projects across the state.
As the technology and demands transform, the workforce is often expected to evolve accordingly. This can include acquiring new skills, growing and contracting to suit activity levels and transferring between related departments to meet labour needs.
Mr Gwilym spoke to Australia News Limited in early April regarding the state of the auto industry Down Under, in response to Holden, Ford and Toyota all announcing the decision to pull manufacturing from Australian shores.
Released on April 8, the PwC Adapt to Survive study found the inability to upskill and retrain staff is costing the global economy billions of dollars in lost productivity and unnecessary recruitment expenses each year.
Released on April 10, the Aged Care in Australia – Industry and Practice report found recruitment, retention and productivity are the number one concern facing aged care providers over the coming years.
The BUSY Group acknowledges the Traditional Custodians of the country throughout Australia and their continuing connection to the land, sea and community. We pay our respects to them and their cultures, and their Elders past and present.
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