ContentsGovernment policy on unemployment in Australia2Government policy to reduce unemployment5Causes of the changes in polices7Current policy8

Government policy on unemployment in Australia

The analysed topic is very much significant in recent times as there is an immense increase in numbers of unemployed people. And with the countrys perspective if people will be unemployed then it will not only affect them negatively but also it will affect the annual rate of income and saving of the country as the countrys per capita income or the total GDP depends on its citizens income, saving and their investment and also over their purchasing power so for making a country completely developed it is important to reduce the unemployment and increase the job scope for every individual. The unemployment graph of Australia has been increased to 6 per cent in March of 2015 approximately. This rate has been recorded by the Australian Bureau of statistic.(Chia 2003)

This is not a problem of any particular area but it is an issue of several sates in a country so the analysis can illustrated with the study of some specific region of Australia like NSW, WA, SA, Tasmania etc.(Coomber 2014) For reducing the problem of unemployment in the different region of the country the Australian government has taken few measures by introducing some policies. Lets first study about the different regions unemployment issue;New South Walesregion of Australia is also suffering from unemployment problem. The figure and structure of the region illustrate the demand for job and also mentions the need for the labour supply but it varies according to age of the worker.(Hyeok Yong Kwon 2010)

With this graph the unemployment the approx rate of unemployment has been illustrated under this unemployment rate is counted from the age 16 and above. Tasmania has been reported as the highest area suffering from unemployment issue among all the state and territories. The majority portions of people are jobless because of which the government is having more number of un-utilize labour, which is most affecting indicator in the term of economy. (Dejter 2011)

This rate of unemployment at Tasmania till 2012,which is not very much positive in fact it is giving the warring to take measures for growing rate of unemployment. SA (South Australia) is also facing the same issue there is no such growth in the investment and new plans and the inventories are stepping back which leads to the high growth in unemployed people the region has per month decline of jobs and per month unemployment numbers are fluctuating from December to January the rate has been turned from 6.6 to 7.2 percent which making the regions condition worst and it alarming time for the government to improve the structure.

The graph of unemployed people in SA searching for full time job has been illustrated with the analysis. After the growth of unemployment in every region in such high rate the government has to take measures and implemented certain policy to reduce and to eradicate the unemployment issue. The primary reason for poverty is no way to work and the larger number of unemployment it can be said that it is vicious circle of poverty which has become an issue to the country to maintain it national GDP.('Corrigendum' 2014)

Government policy to reduce unemploymentThe two important centres where government has focused are; Demand policies to eradicate demand scarcity unemployment;Government has given focus to the Fiscal Policy to reduce the problem of unemployment through developing the aggregate demand and the rate of growth in economy. This policy helps by reducing taxes. Other policy named as monetary policy which helps by reducing the rate of interest and with lower rates the cost of borrowing also decrease('Policy Developments: Policy Studies Organization Proceedings' 2008). Supply policies to minimize the structural unemployment. In supply side policy the government give focus to structural unemployment and to frictional unemployment. With structural programme the government has provided certain training based labour and also educational training and in frictional side it provides some basic computerized information and seeks knowledge and supply accurate information.

Impact of the policyIt has been believed by various economists that unemployment has been caused by reducing in aggregate demand, so with the fiscal policy the growth in aggregate demand occurs which leads to the increase in Real GDP in regions economy.

This is the graph for showing the impact of the higher AD on economy which actually helps to remove unemployment according to the executors of the policy. However, the government has now turned his focus towards creating addition demand to reduce unemployment.With the implementation of monetary policy also with the lower interest rate the economy can be efficient enough to increase the demand; this is the process through which it is possible to increase the supply of money. With the different policy government has tried to reduce the problem of unemployment, and by implementing these policies it has been analysed that region of Australia overall is coming out of the problem of unemployment.

Causes of the changes in policesThough there was an immense effect of the government policies yet there are certain flaws because of which it has been felt to get changes in the policies to get the better result. As fiscal policy has the disadvantages that it is based on the other components of AD like as reducing taxes may not grows the expenses of the people as they can asks for saving with the perspective of future security. This policy also takes long time to get implemented. Not only this but if economy is not able to increase the full economy then AD can cause inflation rather than solving the problem. However, after reducing the interest rates yet banks are unwilling to lend the expenses then it will create more issues.

Current policyGovernment is now much more concern about the problem each state that is unemployment. As it has been mention about the particular states like NSW, SA, WA, Tasmania etc. All these are facing the same problem of unemployment Government has decided to change the policy and bring some different aspect to reduce the unemployment. Now with their new policy government has tried to connect with every region and with their support the step of expanding the workforce and more skilled training to labour etc. Profits and tax reforms- according to the experts if with a policy it is possible to minimize the exact value of interest so that it can be possible to developed the incentives for unemployed to get job. Improved skills- to give better out come in production which can create more business and leads to more employment is very much essential. Boosting demand for both the public and the private sectors. Encourage ventures- as much the ventures and investment will increase demand of the labour will increase as for large production large workforce, and large number of labour required and this will create demand and also producti0on will help to grow the economy.

Effect of policiesWith the rework in the reforms for reducing unemployment there has been a vital change founded over the economy of the country. Every region or state of Australia has come out of the suffering and issues. Increase of flexibility and more number of trained employees. Educational programme has helped people to gain knowledge and to become efficient enough to get a job. Different funding programme has also organised for childrens services. Increase in investment has helped to earn more and so on. This policy has start working in positive aspects. And thisthehope of citizens of every state of Australia that the Government support will reduce their problems.

Expected result for every state of Australia.Every region or state of Australia has been affected with the problem of unemployment but with the several policy of the government the expectation of every state and region has come to a conclusion for all issues about employment and poverty. According to the study about the overall subject it has been clear that the government has start working for her country with the correct implementation of the policies it will be possible to reach at the goal. Apart from that the expectations are positive but high in every state of Australia. According to the analysis it seems that to reach the goal and removing all economical problem and unemployment will soon possible. (Steedman 2012)

ReferencesChia, Linda J. 2003. 'Government Of The Future'. Government Information Quarterly 20 (2): 194-196. doi:10.1016/s0740-624x(03)00024-8.Coomber, Steve. 2014. 'PURCHASING POWER'. Business Strategy Review 25 (1): 7-7. doi:10.1111/j.1467-8616.2014.01015.x.'Corrigendum'. 2014. Local Economy 30 (1): 163-163. doi:10.1177/0269094214566780.Dejter, Italo J. 2011. 'From The Coxeter Graph To The Klein Graph'. J. Graph Theory 70 (1): 1-9. doi:10.1002/jgt.20597.Dejter, Sandra. 2013. 'Cancer Du SeinEtIdentit Corporelle'. Soins 58 (776): 49-51. doi:10.1016/j.soin.2013.04.010.Hyeok Yong Kwon,. 2010. 'Unemployment, Partisan Issue Ownership, And Vote Switching: Evidence From South Korea'. Party Politics 16 (4): 497-521. doi:10.1177/1354068809342992.'Policy Developments: Policy Studies Organization Proceedings'. 2008. Politics & Policy 36 (1): 184-191. doi:10.1111/j.1747-1346.2007.00099.x.Steedman, Ian. 2012. 'AXING WICKSELL's DURABILITY RESULT'. Metroeconomica 64 (1): 180-185. doi:10.1111/meca.12001.

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