The rate of unemployment in Australia is currently placed at 5.3% according to the Australian Bureau of Statistics compared to 5.17% in 2018.
This growth has not reduced unemployment, an aspect that is attributed to the rising participation in labour and the overall increase in population. Besides unemployment, these factors influence wage growth.
Underemployment has been steadily going up for the last 30 years. According to the Austraian Bureau of Statistics, there were more than 1.1 million workers who were considered unempmloyed in the first half of 2018. This represents about 9% of the working population. In comparison, the underemployment rate in the 1980’s was only 3% of the working population, almost 3 times lower than what it is today.
With unemployment for military veterans not showing enthusiastic results in Australia, it is natural that people who are skilled at protecting our country and have undergone rigorous tasking physical and mental fitness regimes are still not being absorbed by the growing economy of the country. And this is when, the country is one of the forward-looking nations and amongst the top 20 well-developed economies of the world. It is sad and discouraging, where organisations involved in community services like CIS need to take forceful steps to address the issue of growing unemployment for military veterans.
Data and statistics across all platforms and media say the same thing – that the Australian corporate sector is still not opening its arms widely and warmly for ex-servicemen and people from the military background who wish to pursue a career of their choice after retirement from the forces. CIS, a non-profit organisation, understood the pulse of this disparity. Hence, we undertook steps to commit ourselves towards veteran support in Australia.
There surely seemed to be a big widening gap between what the corporate world was looking for and what the ex-military individuals came equipped with. It obviously had nothing to do with skills and talents. It was more to do with the absence of professionals who could show the right direction to the veterans, gauge their potential and interest, counsel them on what was available as jobs for veterans in Australia.
When interest and talent match, then it is all but obvious that jobs for veterans in Australia are not going to be a challenge anymore. CIS has been working hard to create a balanced platform through our program called veteran support in Australia.
What do we do?
CIS is through and through dedicated to the cause of reducing the existing disparity and rate of unemployment for military veterans in the country today.