22 Jun 2017
Future of Employment: Underemployment
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
We have gone 26 years without a recession (defined as two consecutive quarters of negative GDP), the unemployment rate is 5.7% and yet we still have a challenge.
Underemployment, defined as when people in a labor force are employed at less than full-time or at jobs inadequate with respect to their training or economic needs is now pushing up towards 10.0%.
The challenge is to get these people employed otherwise it will become a material drag on economic growth for Australia over the next decade.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.
