A Good Match: Optimising Australia's permanent skilled migration
Nearly a quarter of permanent skilled migrants in Australia are working in a job beneath their skill level, a new report by CEDA has found.
The employment rate shows the number of people employed divided by those who are in the working age population (those aged between 15-64). Department of Employment (DESE) estimates of the employment numbers registered a fall from 74 percent in March to 71 percent in April.
The employment to population ratio is an estimate of the utilisation of the human resources in the economy. It is expressed as the number of people employed divided by the total population of the country. This fell from 62.2 in March to 59.6 in April.
The unemployment rate was steady at between five and 5.2 percent in the months leading up to the economic downturn. The latest numbers show that this has increased to 6.2 per cent in April.