PRE PANDEMIC 1 MILLION AUSTRALIANS MISSED IN UNEMPLOYMENT STATS

PRE PANDEMIC 1 MILLION AUSTRALIANS MISSED IN UNEMPLOYMENT STATS

The one million Australians forgotten in the unemployment statistics

https://thenewdaily.com.au/finance/work/2019/10/17/unemployment-figures-marginally-attached-australia/

Dr Jim Stanford said:

“This says to me that one in five potential workers in Australia, or about 20 per cent, are people who want to work, want to work more, aren’t working at all, or working less than they want to.” 

Search for: Macro Business: ‘One Million Aussies Forgotten in Unemployment Statistics’

Read more: ‘Jobs Drought for Older People’  

https://thenewdaily.com.au/finance/2020/02/19/jobs-drought-for-older-people/

Survey Key Points on Young Australians Share Housing hit Hard during Pandemic

Survey undertaken in June 2020

-close to three in four have lost their jobs or lost hours

-one in five share-house residents skipped meals to afford necessities

-around 50% reported reduced mental health

-82% of the demographic are aged 35 or less

-some 50% in insecure work

-a fifth are visa holders  –

Further …  

-a fifth pawned or sold some possessions to pay for necessities; similarly some were unable to pay the rent or mortgage on time

-two in five moved house or changed occupants in their home

-68% transitioned to working from home or working longer hours for the same pay!

And …

-prior to the Pandemic they were vulnerable but now more are suffering with rental stress!

-they are in insecure work within the most impacted sectors of arts and hospitality

obviously JobKeeper and JobSeeker current payments need to be maintained

-and the Pandemic has highlighted the need for more social and affordable housing

with our Youth having the highest unemployment; little savings; and in housing stress with long-term implications!

.

     READ MORE!

https://www.domain.com.au/news/young-australians-in-shared-housing-some-of-the-hardest-hit-during-covid-19-survey-finds-975992/

Wealthy Sydney grows Richer X 2 the Worst off …

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CAAN Photo: Homeless … yet a very neat camp was set up in this Glebe park in March 2020

KEY POINTS on what has emerged since the Coalition won the Election in 2013 …

-the void between the have and the have not Sydney suburbs has grown

-low interest rates have brought huge capital gains to a few hundred in Double Bay and the like …

-median incomes of Sydney wealthy suburbs grew at more than twice the rate of the worst-off

-the average income of Double Bay residents grew by 85% between 2013/14 and 2017/18

-RBA Governor, Philip Lowe ahead of the Pandemic advised that wage stagnation causes some to question Australia’s economic success …

REMEMBER THIS!  LET OTHERS KNOW …

READ MORE AND SHARE!

https://www.smh.com.au/politics/federal/incomes-in-sydney-s-richest-suburbs-growing-at-twice-the-rate-of-poorest-20200731-p55h8q.html

MAINLAND Buyers evaporate … Will the Pandemic Consequence of HIGH UNEMPLOYMENT Stem the Tide of Hong Kongers?

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CAAN Photo 1: From Ballast Point to Waverton, Sydney

PERHAPS the Pandemic could be seen as a ‘blessing in disguise’ for Australian First Home Buyers … if it were not for the dire consequences here in Australia ALREADY of:

-even higher unemployment and underemployment which was at 19.7% prior to the Pandemic!

-Australians are dining at home; retail is struggling

-migration has almost been eliminated (but we can heave a sigh of relief!)

-as a consequence new housing supply is becoming more abundant

-many have had to break their housing lease or be evicted and rents have fallen

-lenders however are tightening their belt

WHAT could prevent Hong Kongers taking over from where Mainland Chinese left off … is that China will take control of their money! Thus preventing them fleeing to Australia to park their wealth

WHAT will be the saving grace out of all of this will be that the GUVMNT would not dare open the migration floodgates with such HIGH UNEMPLOYMENT ….

SHARE TO LET OTHERS KNOW!

READ MORE!

caan.info/2WK81NX

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CAAN Photo 2: Lindfield; sought after by Mega Rich Foreign Buyers

HOUSING STRESS HAS DOUBLED DURING THE PANDEMIC

HOUSING STRESS HAS DOUBLED DURING THE PANDEMIC

WHAT this Report leads one to question is why …

Young people appear to have little prospects for employment apart from jobs in hospitality and retail.  What brought this about?

We can think of some reasons. They include the Liberal Coalition policies inviting:

-Visa workers who accept low wages to gain ‘permanent residency

-the demise of TAFE

-employers having access to cheap labour from visa workers

-the loss of manufacturing for cheap imports

-an economy based on high density residential development esp. mixed-use development of shops, cafes and warehouses, childcare on lower floors

-thus expansion of the retail and hospitality sectors

WHAT this report does not reveal is why those aged 75 and older may own their own home is because of their age; 40, 50 years spent paying a mortgage; during that time they paid their full taxes to cover the cost of their parents aged pensions … they enjoyed job protections, good wages and conditions through Union membership. And there were more job opportunities with a bigger range of industry

-currently though more older women are finding themselves homeless due to insecure work; less employment continuity due to child rearing; marriage breakdown and/or domestic violence

KEY POINTS from Professor Gray’s research …

-1 in 7 Australians struggled to pay rent or mortgage payments during Pandemic

-housing stress has doubled to that of 3 months earlier

-44% of young people could not meet rent or mortgage repayments

-a relationship between age and not meeting housing payments on time

-young Australians largely employed in retail or hospitality * the hardest hit sectors by the Pandemic

-young people subject to lowest wages growth and consequently little savings

-less than 2% of those 75 and over struggle to pay rent or mortgages

QUESTION why won’t the Morrison Government come clean on what their plans are for JobKeeper from September with a review of payment now underway, and what of JobSeeker? 

Rather than giving the victims sufficient payment to sustain life, does this Government prefer to look after itself with a pay increase?

View:

https://www.abc.net.au/news/2019-06-07/federal-politicians-payrise-backbenchers-morrison-albanese/11189016?fbclid=IwAR2JJUU7MVVuBKrmYhttyBvb3toAalINdppXNjiSmW87JzPXVyePeDpVDys

IF these JobMaker and JobSeeker payments are withdrawn … which is looking likely … how soon before Australia falls off an economic cliff?

From a public health crisis to an economic crisis likely to become a housing crisis

READ MORE!

Proportion of people who can’t pay their rent or mortgage doubled during pandemic

https://www.abc.net.au/triplej/programs/hack/young-people-housing-stress-coronavirus-covid-19/12404114

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CAAN Photo: Queue outside Chatswood NSW Services; along the street and around the corner; May 2020

WHY are MILLENNIALS Moving to Australia’s Regions … and Big Towns?

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ORANGE and the surrounding villages and towns. Canowindra hot air ballooning

WHY are MILLENNIALS Moving to Australia’s Regions … and Big Towns?

Of course, many Millennials are now moving to the regional cities … big towns that have the infrastructure …

SYDNEY for one has lost its appeal to many … the fuglification … the congestion …

IS it just real estate prices, or is it because Australians have had to compete with foreign ownership?

… over this period from 2011 to 2016, and up to the CoronaVirus Pandemic … during the terms of the Liberal Coalition in NSW …

KEY POINTS … from a Report determining population growth and movements …

-between 2011 and 2016 regional millennials are moving to other regions; not to capital cities

-Sydney lost more to the regions

-they were more aware of the benefits of living in the regions

-with a move to Orange there was no longer a two hour commute to work but an 8 minute drive

-able to buy a home

-they are seeking mid-sized towns with a hospital, airport, university, jobs and lifestyle!

-the regions attracted 65,000 more than they lost to capital cities

THIS no doubt reflects the very pooor policies of the NSW Liberal Coalition …

Turning our SYDNEY Town into what the Foreign Buyers have fled …

LET alone the nasty consequences for our Australian Society with a whole Cohort locked out of Sydney by not only competition from foreign acquisition … but the loss of livebility … the long commutes … that many have sought an attractive lifestyle in the Regions!

READ MORE!

https://www.abc.net.au/news/2020-06-23/regional-australia-institute-millennials-moving-city-to-country/12365964.

Photo: Spring Hill; orange.com.au
Byng looking towards Springfielf
Overlooking Orange

Photos: Orange.com.au CAAN was unable to locate our photos of Orange and district!

QUESTIONS arise about the 7% Unemployment … How can it stack up?

ABC WEEKEND BREAKFAST… this morning SUNDAY 21 JUNE it was noted that unemployment is in fact much higher than the latest report of some 7% …

‘The unemployment rate has risen to just over 7%’ | 7.30

View: https://www.youtube.com/watch?v=qzvFgqX5yqM

Those who appear to have been overlooked in this 7% include:

-Women and our Youth who make up the large share of those now unemployed

.the women had to return to their role of childcare during the Pandemic; now looking at job losses!

-that many job seekers give up because there is no job there for them! So they are not included …

-both high unemployment and underemployment

Then we recall there was reference to the importance of trades for the economy … this emphasis we hear of constantly from the Morrison Govt (backed by the Property Sector Lobby groups)

Meanwhile Tradies seem to still be doing alright … they tell us:

-they are booked up

-always seeking cash payment-at rates 4 X or more the rest of us!

-always in a hurry and/or chatting and stretching the job out

. as corners are cut!

Yet again as others in the workforce have been overlooked including WOMEN … in vital roles like Childcare but are looking at the imminent prospect of losing JobKeeper …

Scott Morrison affirmed previously that Australians would be in receipt of JOBKEEPER until the end of September

However, now some 120,000 Early Childhood Educators are to lose this payment within a few weeks!

Katy Gallagher this week in the Senate referred to the lack of support for industries largely employing women:

http://email.contact.australianlabor.org.au/c/eJwVjk1uxCAUg08DSwQPEmDBYtooXXTZEzz-GqZMGCVUaW9fKlm29UmWHF2GPMWZFgccOJ-F5UZopZhgi5q0mRauxG191Wolioe2dwyd4ffZD6wF94q-Hawdn4PRzYE3AGCl5FkIi4Z7a733c1A5p0kjTT9jGLGjI_qFAIQShxN5AykN0Qutbuv9eQ5CYB26rotlDMm39sVCewz0kfZ37L9voz7b2c-R0lghFddawWytmunhamp7Sfc4bm-tP7DU__kfyi5HqQ


-the rest of us including admin people, University lecturers and staffers, casual teachers (who, no doubt would like permanent work), cleaners, shop assistants … and so on!

Are these workers also not Key? Essential Workers?

These reports refute the alleged 7% unemployment. Unemployment together with Underemployment and those who had given up looking because there was no job there for them (and have not been included in the Stats) amounted to 19.7% prior to the Pandemic!

‘Economists now saying Unemployment could be close to 20%’

View: htttps://caanhousinginequalitywithaussieslockedout.com/2020/06/04/economists-now-saying-unemployment-could-be-close-to-20/

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CAAN Photo: mid May 2020 Queue around the corner at Services NSW (Centrelink) Chatswood

Economists now saying UNEMPLOYMENT could be close to 20%

Last night, 4 June 2020 on ‘The Business’:

While unemployment is bad, underemployment is getting worse

Finally the unemployment figure of 5.2% has been canned with Economists saying that the real jobless number could be close to 20%, pointing to an economy slammed into reverse.

HOWEVER … in October 2019 prior to the Pandemic … the forgotten Australians and the hidden data that could double our jobless rate: Unemployment topped 19.7%

KEY POINTS …

709,000 people officially unemployed in Australia is a myth; the true number of unemployed is more like 2.9 million people

-due to the “marginally attached” which comprises around 1.055 million Australians

people who would like to work, are available to workbut aren’t looking; because they think there are no jobs for them

– if you count the marginally attached; the unemployment rate would be a touch under 12 per cent

include the “underemployed” – people working some hours, but who would like to work more – the unemployment rate tops 19.7 per cent

VIEW from ‘The Business’ 4 June 2020:  ‘While Unemployment is Bad Underemployment is Getting Worse’

https://www.abc.net.au/news/programs/the-business/2020-06-04/while-unemployment-is-bad,-underemployment-is/12323126?nw=0

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CAAN Photo people lined up around the corner for JobSeeker payments early May 2020 in Chatswood

ECONOMISTS incite Governments to buy unsold apartments to boost stock of Affordable Housing

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CAAN Photo: Ivanhoe Estate, Macquarie Park at May 2020 former Public Housing Estate to be redeveloped for private residential with one third allocated for Social Housing

ECONOMISTS incite Governments to buy unsold apartments to boost stock of Affordable Housing

Following Welfare Agency reports …

-some 600,000 Australians lost their jobs in April 2020

A new report recommended …

-public funds in private unsold apartments could create affordable housing

-prior to the Pandemic more than 50,000 in the queue for social housing

-using our taxes to buy apartments could arrest house price falls; and restore construction (aside from high-rise?)

-a Central Housing Bank could bring 30,000 affordable homes across Australia’s 20 largest cities in its first year

-more than 200,000 approved dwellings in Sydney alone which aligns with the need for 200,000 social housing homes (ACOSS report)

WOULD these dwellings described as ‘Affordable Housing’ be for the rental market?

TO what standard have these apartments been built? Little seems to have changed for the better to date … even after the investigation by David Chandler ..

WHY has NSW INC struggled to implement the building industry reforms recommended by the Shergold-Weir Report over two years ago … and that of Michael Lambert?

Related Article:

NSW Building Industry Watchdog warns Phoenix operators not to manipulate the NSW government’s construction push to keep the economy running

https://caanhousinginequalitywithaussieslockedout.com/2020/04/16/nsw-building-industry-watchdog-warns-phoenix-operators-not-to-manipulate-the-nsw-governments-construction-push-to-keep-the-economy-running/

READ MORE!

Governments urged to buy up apartments to boost affordable housing stocks

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CAAN Photo Icon and Romeciti high-rise residential apartments in Macquarie Park May 2020

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KEY Points from Anthony Albanese’s Headland Speech about a Recovery after Covid-19

Anthony Albanese
Public is looking for a recovery ‘in which no one is left behind’, opposition leader Anthony Albanese says, as a Deloitte report warns national income could fall almost $200bn short of predictions. Photograph: Lukas Coch/AAP

KEY POINTS from Anthony Albanese’s Headland Speech about a Recovery after Covid-19!

that Australians deserve not to worry about job insecurity as jobseekers are consigned to poverty

that the government  bring forward nation-building infrastructure projects and increase investment in * social and affordable housing

the public will not accept a return to “the law of the jungle and unfettered market forces”

-that Australia build up its domestic manufacturing capacity, make better use of scientific research, and help towns and regions through a decentralisation strategy

-that this experience has reminded us that there is such a thing as society; that we are all connected and the strength of this bond is what is pulling us through as Australians

-a focus on inclusive economic growth with shared benefits; together with an industrial relations system that promotes co-operation, productivity improvements and shared benefits

-that policy makers need to look at increasing opportunities for people to gain secure employment

that the pandemic is a reminder of the need to secure critical supply chains in the face of global shocks

-to foster high-tech manufacturing;  to embrace science and improve its poor standing in OECD rankings for commercialising research

READ MORE FROM ‘Society must not snap back to insecure work and Poverty after CoronaVirus Crisis, Albanese says