The hard task of fixing soft jobs growth

Despite solid economic growth, the labour market remains anaemic, especially in the non-mining sector. A plan to boost employment is needed to bolster the economy.

The Australian labour market continues to be weak and, with the non-mining sector showing distinct signs of moderation in the June quarter, this is unlikely to change any time soon. It is time to ask tough questions of our state and federal governments: do they have a plan in place to boost employment? And if not, why not?

On a seasonally-adjusted basis, the unemployment rate remained at 5.8 per cent in May, beating market expectations, and is 0.4 percentage points higher over the year. The trend measure was at 5.9 per cent, though the difference is due to rounding.

Graph for The hard task of fixing soft jobs growth

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