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Immigration, Population Growth, Employment Growth
Wake-up to the opportunities in population growth. Globalisation has
changed many things, but the idea of a country's geography shaping its
mentality still holds water. In island-Australia's case, surrounding
oceans create a sense of distance from the rest of the world. When it
comes to immigration and population growth, the oceans can seem like
white picket fences, protecting suburban masses from forces
threatening the predictable, hassle-free ''Australian way of life''.
AN EXTRAORDINARY surge in hiring has created 100,000 jobs in three
months, more than half of them in Victoria, pushing Australia's
unemployment rate down well below 6 per cent and raising the prospect
that unemployment has peaked. Australia's new unemployment rate of
5.7 per cent contrasts with 6.5 per cent in New Zealand, 7.8 per cent
in Britain, 10 per cent in the US and 19.3 per cent in Spain.
IMMIGRANTS used to be seen as a threat to local jobseekers. But
Australia's new migration stimulus is maintaining the economy's growth
momentum and keeping a firm lid on unemployment.
THE fastest jobs growth in three years has signalled the peak in
unemployment and sparked concerns among chief executives that
Australia will again be facing acute labour shortages with competition
from government stimulus spending. The jobless rate fell to 5.7 per
cent in November while 100,000 new jobs, most of them full-time, had
been generated in the past three months.
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