PO Box 4046 Springfield, Qld 4300

 

Unemployment in Australia:  

How does education solve unemployment issues?

Jobs for veterans in Australia at CIS

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.

Labour Force, Australia, Sep 2019

September Key Points
  • Unemployment rate currently remained steady at 5.3%.
  • Unemployment increased by 1,600 to 718,000 people.
  • The all-time highest rate of unemployment was recorded in December 1992 at 11.22%,
  • The all-time lowest was recorded in February 2008 at 3.98% (Janda, 2019).
Estimated resident population
  • The preliminary estimated resident population (ERP) of Australia at 31 March 2019 was 25,287,400 people. This is an increase of 388,800 people since 31 March 2018, and 118,600 people since 31 December 2018.
  • The preliminary estimate of natural increase for the year ended 31 March 2019 (139,100 people) was 2.2%, or 3,200 people lower than the natural increase recorded for the year ended 31 March 2018 (142,300 people).
  • The preliminary estimate of net overseas migration (NOM) for the year ended 31 March 2019 (249,700 people) was 4.9%, or 11,700 people higher than the net overseas migration recorded for the year ended 31 March 2018 (238,000 people).

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.

Lack of education is a known contributor to both unemployment and underemployment globally. According to Mitchel Institute of Victoria University (2018);  

  • Growth in employment is not benefiting all Australians equally.
  • Youth unemployment is particularly high at 20% despite over 90% of young people completing school.
  • Having a degree increases the chances of individuals getting a job.
  • Vocational Education and Training (VET), and other courses with stronger industry connection register better employment outcomes, with 80% of VET students getting employment after training (Mitchel Institute, 2018).

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?

  • Our veteran support in Australia team of committed experts meet you, professionally assess your strengths, talents, skills and most importantly interest areas.
  • We are associated with various corporates and job providers. We then offer relevant options pertaining to jobs for veterans in Australia.
  • Using modern technology and smart methods, we understand if there is a difference between what the job profiles demand and the skills of the veteran.
  • If it is fit, your application goes direct for the relevant jobs for veterans in Australia. If not, we offer vocational education and training programs so that the shortfall can be covered by acquiring specific knowledge and know-how.
  • Through the entire process of the veteran support in Australia, we are involved with you at every step so that you are able to get hired for the right job for veterans in Australia.

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.

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