By Dr Parvinder Kler, Program Director, Bachelor of Commerce, Griffith Business School
Long-term unemployment in Australia has increased since the Global Financial Crisis, ticking up from 14.8% of the total unemployed in January 2008 to 23.8% in March 2018 (Australian Bureau of Statistics). These figures mask (i) geographical variations whereby long-term unemployment is more pronounced in regional areas, (ii) age profiles, with older unemployed Australians finding it harder to gain employment, both of which are partially attributed to (iii) structural change within the Australian economy that has eschewed manufacturing and more labour-intensive jobs requiring less formal education to a more services-oriented economy that increasingly favours the educated and indeed female labour market entrants, not to mention the arrival of the so-called fourth industrial revolution driven by technology that has swept quickly through the global economy, creating havoc on jobs and employment.
Thus, governmental response needs to be multi-faceted. Re-training programs have been
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