Employment figures came out on Thursday August 6. Employment up, mostly part time work, workers still looking for full time employment. Unemployment rises to 6.4%. The highest unemployment for 13 years.
http://www.theguardian.com/business/2015/feb/12/unemployment-in-australia-rises-to-64-in-january-abs-figures-show

13 years ago was 2002. After New York's twin towers trade centre collapse, interest rates were lowered in fear of world trade slump. August 2002, 6.4% unemployment.

Being we're a long way from New York, Australian trade has more to do with Asia. Lowering interest rates without purposeful expansion in industry providing direction, seems pointless.

As prime time television media encourage teenagers to enter into restaurant business careers: cooks and waitresses, lowering interest rates may reduce income from pensioners and self-supporting interest baring bank deposits. Lowering interest rates allows one group of income earners to lose spare spending power, while another group gaining from lower interest rates are supposedly spending extra money on business expansion and or luxury goods.

Both 2002 and 2015 have in common are both years are in a property buying boom. Property buying booms, which may not increase dwellings being built, being that in 2002, a 10% GST and HIH insurance company, March 2001 placed in provisional liquidation, I assume placed many builders out of business.

My discussion is: school leavers are getting older before school leavers choose what type on employment they will pursue, in most instances, employment will continue for their entire lives.
Leaving school aged 16 years in the 1960s, teenagers could enter into a trade if teenagers can find an employer to sign them up for an apprenticeship. Apprenticeship employers generally pay too lower wages for year 12 students to want to bother to enter into a trade.
Schooling for schooling sake for most teenagers has zero future skilful thought productive value. Australia, in competing with world countries in some spelling and mathematics testing has very little to do with thinking progressive trade skills.
Many employers require teenagers to learn how to strip down and reassemble hard object components. Holding teenagers at school only manages to traumatise memory learning behaviours.

Listen to John Lennon's “Working Class Hero” 1970 song.
https://www.youtube.com/watch?v=YsmQhbd1KWE

After listening to Working Class Hero song, a message from the last words in the song: “if you want to be a hero, well just follow me. If you want to be a hero, well just follow me”. I believe, with little doubt, The singular “hero” John Lennon is singing to, are whistle blowers expressing to people that what people believe in, are no more than lies.
Where would heroes go by following John Lennon? Well... there are many assassin character television movie and series productions, which I believe are meant to be reminders, threatening potential whistle blowers.
As John Lennon was retired from the music business, John Lennon's last concert appearance, in New York, was in 1974.
The last lines “if you want to be a hero, well just follow me”, could mean that Lennon was not assassinated in December 1980. That Lennon was creating an assassination story history example, as to say, whistle blowers being assassinated while entering your home can happen to you. John Lennon merely went somewhere else.

Julian Assange and Edward Snowden are parable threats, reminding whistle blowers that what's happening to them (Assange and Snowden) can happen to whistle blowers. What allows me to believe this statement is that, in the past, the media paid and still pays a lot of attention to these 2 people.
What Assange and Snowden are exposing are probably no more than the usual media embarrassing stories of politicians an public officials.

The system of apprenticeships, by teenagers finding employment by businesses willing to hire teenagers that can barely function. Teenagers needing 100 hours of supervised learner driving to obtain a motor vehicle driver's license, does not indicate teenagers as competent quick learners.
As John Lennon sings, “when you can't really function, you're so full of fear”.

John Lennon is describing an intended purpose in his song. Because most everyone has suffered from the song's describing functionality, few people know better. The few people willing to tell people (whistle blowers) to know better, that there is something better, are mostly ignored by people whom feel they achieved something at school and or too full of fear as the song describes to care to want to know, barely functioning as they are.

I would say, it is cheaper to pay social security doll payments, allowing unemployed people spending their time finding full time employment, than to invent full time employment from nothing, paying a full time wage. By traumatising teenagers so teenagers are not capable of performing trades, teenagers are unable to find and or except full time trade apprenticeships. Potential apprenticeship employers either can't see future profits and or believe in the end, apprentices will become future trades people in competition with themselves.

Importing immigrant tradesmen and tradeswomen to fill trade positions exposes a lack of political planning.

My belief is that the establishment doesn't care about working classes skills ability. The establishment is more concerned with media lies being believed by as many people as possible, using a traumatising education system to condition children, teenagers, and young adults to believe what they're told by media to be true.

With the WW2 baby boom generation retiring, no longer seeking employment, there should be many new employment vacancies.

My opinion is that high unemployment figures fuels expectations of another RBA interest rate cut. That people assuming further interest rate cuts are coming, people will hold on to shares; consider buying shares rather than reinvesting in safer low interest bank term deposits; consider consulting licensed financial advisers, who will most probably advise potential clients to invest in investment companies with said to be minimal risks.

Along comes China's troubles and or US September interest rate increases, which the US Fed. chairwoman has not to my knowledge elaborated how much of an increase she is planning.

Financial commentators are saying interest rate will eventually go up, while media concerns of unemployment allows people to invent ideas that a federal government won't raise interest rates while unemployment is high. Which I am saying interest rates have little to do with unemployment.

I tend to believe by the way unemployment figures are collected, that the figures can be easily faked, simply by collecting figures from high unemployment suburb areas or by collecting figures from low unemployment suburb areas. Creating speculating assumptions on interest rates.

And you ain't seen nothin yet Steve. Unemployment may well hit double figures, only governments will find a way to reclassify those out of work just to improve the numbers because the real figure is already nearing 10%

For many years now our universities have trained students for jobs that simp,y don't exist. Either that, or the students that graduate don't like where the jobs are, so consequently we end up with the most well educated bar staff in the world.

Seriously, what's the point of training people on the one hand, while our workplace laws pretty much ensure there are no jobs available. We sure are slow learners.

The other ridiculous law is that unless you o tain work in the field you have trained for, you can't claim your course costs as a tax deduction.

This sure does put a whole new spin on 'earning or learning' doesnt it!