In today’s Australian Financial Review, former Labor Senator John Black has an interesting opinion piece about Australian unemployment trends since 2008.
Black’s research company, Australian Development Strategies, has undertaken some economic modelling on the issue, published in a web paper entitled Australian Jobs Profile for 2010.
In the paper, repeated in his column for the AFR, Black makes the startling claim that:
The industry with the biggest loss in jobs – 25,000 – since November 2007 has been the media – which includes publishers, the music industry, television, the internet, web search providers, ISPs, data processors, telecommunications workers and librarians. These skilled jobs of particular interest to younger Australians have fallen by 11 percent since November 2007, despite the National Broadband Network.
This paper looks at the comparison of original or raw monthly unemployment rates in 69 Labour Force regions, across Australia, and uses simple modelling to benchmark these percentage figures against our Elaborate database.