Unemployment rates have started increasing and there are other signs of economic downturns in major economies of the world. International Labour Organization predicted that at least 20 million jobs will be lost by the end of 2009 bringing world unemployment level at above 200 million for the first time. The number of unemployed people may increase by more than 50 million in 2009 if the recession intensifies. Advanced economies like USA, Canada, Brazil, China, Japan, Hong Kong, India, Singapore, Taiwan, Gulf, South Africa, Spain, Germany, France, UK, Sweden, Norway, Russia and Australia have all started feeling the effects of the recession.
Unemployment in Australia rose to its highest level in nearly four years in February 2009, showing the global downturn continues to bite despite big interest rate cuts and the government pumping billions of dollars into the economy.
The Australian Bureau of Statistics in March 2009 report declared that unemployment rose to 5.2 percent from 4.8 percent in January. Economists expected the jobless rate would rise to 5 percent. Total employment rose by just 1,800 to 10.8 million, but full-time employment decreased by 53,800. Part-time employment was up 55,600.
“These figures show that the global financial crisis and global recession is impacting on Australia and it’s impacting on the jobs of Australians,” Deputy Prime Minister Julia Gillard told reporters in Canberra. “The government’s always said that we wouldn’t be immune from the global financial crisis and the global recession which has wreaked so much havoc in economies around the world.”
The global downturn that began to bite last year has brought about a swift reversal of fortunes for Australia’s economy, which has enjoyed 17 consecutive years of growth fueled by voracious demand from China and elsewhere for its mineral exports.
Although Australia is not yet officially in a recession, figures released in March 09 indicate that it could be headed that way. Australia’s economy shrank 0.5 percent in the last quarter of 2008 – the economy’s first contraction in eight years.
Having said this, jobs for skilled labor are ever increasing in Australia. Unemployment level for skilled labor is at its lowest in Australia since a decade. Australian jobs are open to people belonging to any field of expertise including accounting & finance, arts, design and media, administration, computer software and hardware, telecommunication, customer service, engineering and medicine, travel, tourism and transportation, human resource management, legal and counsel, marketing and sales.
The Budget for 2008-09 has a provision of increase of 300,000 work visas to meet the shortfall in skilled jobs. Australian immigration department publishes ‘Migration Occupation in Demand List’ (MODL) which is updated twice in a year based on information received from various departments of Government of Australia. The list identifies occupation sectors in which a shortfall is identified in the market. The current list shows a shortfall in child care coordinators, engineering managers, accountants, anesthetists, architects, chemical engineers, civil engineers, computer professionals, dental specialists, dermatologists, electrical and electronics engineers, emergency medical specialists, external auditors, general medical practitioners, hospital pharmacists, mechanical engineers, radiographers, mining engineers, obstetricians, gynecologists, occupational therapists, ophthalmologists, optometrists, pathologists, petroleum engineers, physiotherapists, podiatrists, psychiatrists, quantity surveyors, radiologists, registered nurses and midwives, retail pharmacists, specialists physicians, speech pathologists, surgeons, chefs, and many more occupations.
Apply For Jobs in Australia
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But there are few sites which can do this for you for free.
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