The Forum > General Discussion > Julia Gillard's economic policy sinks further as Australia's Unemployment Rate Climbs
Julia Gillard's economic policy sinks further as Australia's Unemployment Rate Climbs
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http://www.rttnews.com/Content/AsianEconomicNews.aspx?Id=1391128&SM=1
http://www.bbc.co.uk/news/business-10948845
Given that Julia Gillard has little to show for any of Labor's policies in the past few years, she has been trying to push Labor's economic credentials.
The latest job figures show not only that that once the sugar rush of the stimulus has past, that fewer jobs have been created than claimed, but also that a large portion of those have been temporary employment.
This shift to temporary employment is largely due to a combination of market uncertainty and a reluctance by small businesses to take on full time employees given that the new fair work laws have made shedding jobs more difficult and expensive.
To add the cherry to the cake, the only sector to remain buoyant is the mining sector which now faces the prospect of the highest tax rate in the world, and a slowing in the Chinese market.