Job Market in Australia

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By Jose Marc Castro

If there is one economy around the world which has enjoyed the boom times over the last decade then it is the Australian economy which continues to go from strength to strength. The economy was one of the first to leave the worldwide recession and continues to attract overseas skilled workers to fill new positions which are becoming available on a regular basis.

Jobs in Australia

The Australian economy has been converted from one which was dependent on manufacturing sometime ago to one which is now based upon the services sector. Like so many developing economies around the world the services sector is the one which is the engine room of the Australian economy but there is more to the jobs market than just services. Australia has for many years been one of the major mining centres around the globe with massive natural resources which continue to service a significant part of the employment market in Australia.

Working conditions in Australia

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Jobs in Australia

Image via Wikipedia

By Mark M David

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.

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