Law Commons^™

Attract, Retain And Protect: Tips For Managing Employees And Protecting Your Business In A Time Of Economic Downturn, Shana Shrier-Joffe, Danielle Ireland-Piper

Danielle Ireland-Piper

Extract:

In April 2008, Mark Davis, Political Correspondent for the Sydney Morning Herald, observed that “the job market has remained strong in recent months despite international economic uncertainty and rising interest rates”, but went on to note that we are likely to see “the unemployment rate rising from its current 4 per cent to 4.3 to 4.5 per cent by late 2009”. This, according to Davis, represents an extra 50,000 to 75,000 people joining the ranks of the unemployed.