The drop in unemployment and what it means for you

The drop in unemployment and what it means for you The drop in unemployment and what it means for youPosted October 13, 2011, by Louisa VeidelisIt was announced today that the unemployment rate has dropped to 5.7 per cent, reflecting Australias continuing path to recovery from the international recession. The improvement came as a surprise after financial markets and economists had predicted the rate would increase to 6 per cent. Unemployment remained steady at 5.8 per cent from July to September.The issue of underemployment also appears to be improving as 35 400 of the 40 600 jobs created in September were full-time positions.Ben Potter, a research analyst from IG Markets, believes that the statistics released today could mean that weve seen the end of high unemployment for now.The creation of 40 000 jobs against forecast losses of 10 000, and the unemployment rate falling to 5.7 per cent, would certainly seem to suggest we have seen peak unemployment, particularly given the positiv e reads from recent forward looking indicators, Potter told the ABC yesterday.However, the Treasury is concerned that these gains could be prematurely curtailed if the Governments future stimulus spending is cancelled. Treasury Secretary Ken Henry warned that a further 100 000 jobs could be lost if the Governments planned stimulus spending was scrapped.What does this mean for you?While were not in the clear yet, the emerging strong labour market means that cautious optimism is in order. If youve been thinking about a career change but waiting for the right time, it may be approaching just as many companies hiring freezes are starting to thaw. Do some quiet research and consider your options you might consider moving into an area where there are totenstill skills shortages.What jobs are suited to you? Do the Career Personality Test for FREE today and find out whether youre in the right job ResourcesMy first resumeCover letter for my first jobCareer Insider StoriesShelley Lask - Bod y Positive Health & FitnessInterested in becoming a?Human Resources OfficerGeneral ManagerBusiness ManagerAccountantOffice AdministratorPopular Career Searchesit skills in demand in australia 2017what does ai mean for your careerhighest paying jobs in australiaskills you need for the futureonline freelance writing jobs australia CoursesBachelor of Social WorkEnquire Online Enquire OnlineCertificate III in Health AdministrationEnquire Online Enquire OnlineBachelor of Criminal JusticeEnquire Online Enquire OnlineCertificate III in Allied Health AssistanceEnquire Online Enquire OnlineLouisa VeidelisRelated ArticlesBrowse moreUniversityHow to choose your uni preferencesWith achter monat des jahres already upon us, its a crucial time for final year students its time for you to choose your university course preferences.WORKFORCE TRENDSMore women wanted in car salesWomen with sales experience take note the car sales and services sector wants you.Career counsellorHigh schoolNavigating subj ect selection in year 10Year 10 students have some big decisions ahead of them. Julia highlights some of the main factors students need to consider when navigating the minefield of subject selection.