Media & News
Job threat grows
Sunday Times , pg 67, 04 January 2009
More gloom for WA as manufacturing declines. Manufacturing activity has declined for the seventh straight month - with the biggest falls in WA and Queensland - as demand here and offshore remains in free-fall amid global recession. In a gloomy new year outlook, economists are predicting unemployment could rise through 2009 from its current 4.4 per cent level towards 8 per cent - the worst level in a decade. "Unemployment of 8 per cent in 2010 is on the cards. It's quite likely," the Melbourne Business School's Mark Crosby said.
Dole queue to grow as downturn deepens
Northern Territory News , pg 27, 01 January 2009
The global financial crisis could force unemployment towards the one-million mark next financial year, despite further expected dramatic interest rate cuts by the Reserve Bank. In a gloomy new year outlook, economists such as MBS Associate Professor Mark Crosby, are predicting that unemployment could rise through 2009 from its current 4.4 per cent level towards 8 percent.
Eight per cent jobless rate?
4RO Perth, 31 December 2008
Associate Professor Mark Crosby from Melbourne Business School, says the current jobless rate could reach eight percent in 2010. Sharon Burrows, president, ACTU, says while next year is full of promise in terms of workers rights it will also be full of fear among workers.
Jobless heading for 1 million
The Australian, pg 1, 31 December 2008
The global financial crisis could force unemployment towards the one million mark next financial year, despite further expected dramatic interest rate cuts by the Reserve Bank. In a gloomy new year outlook, economists, including MBS Associate Professor Mark Crosby, are predicting unemployment could rise through 2009 from its current 4.4 per cent level towards 8 per cent, costing a further 400,000 people their jobs and pushing the number of unemployed to more than 900,000 the worst level in a decade.
One million people unemployed
Sunshine FM Perth, 31 December 2008
MBS Associate Professor Mark Crosby predicts that up to one million people could be unemployed in 2009.
Unemployment rate blow out
3AW , 31 December 2008
Some experts predict the unemployment rate may blow out to up to a million jobless people next year. Mark Crosby, Associate Professor Melbourne Business School, believes the rate could rise to 8% by 2010.
