Australia may soon have to open its doors to talent from abroad — of which India contributes a big chunk
Australiareported its unemployment rate to be 5.1% in May 2021, according to Australian Bureau of Statistics.
- When the country reopens post the pandemic, the companies will be on a hiring spree, thus creating over 2,88,700 jobs.
- Nearly 3,00,000 migrant workers moved out of the country due to the Covid-19 situation, which had a huge impact on the job market.
Australia, which is considered as one of the best places to work in the world, reported its unemployment rate to be 5.1% in May 2021, according to Australian Bureau of Statistics (ABS). The number of employed workers has jumped by 1,15,000, which is higher than the pre-pandemic level. Economists at ANZ Bank predict that the unemployment rate could further fall to 4.8% by the end of this year.
View all Offers
View all Offers
Dettol Original Germ Protection Bathing Soap bar, 125 gm, Buy 4 Get 1 Free₹ 220Buy On
Dettol Original Germ Protection Liquid Handwash Refill, 1500ml (Price Off)₹ 208Buy On
Mamaearth Onion Hair Fall Shampoo for Hair Growth & Hair Fall Control, with Onion Oil & Plant Keratin 250ml₹ 349Buy On
- 30% OFF
Pampers All round Protection Pants, Large size baby diapers (LG) 64 Count, Anti Rash diapers, Lotion with Aloe Vera₹ 801₹ 1149Buy On
- 6% OFF
Parachute jumbo pack 100% pure coconut oil 600 ml (bottle )₹ 236₹ 250Buy On
As and when the country reopens post the pandemic, the companies will be on a hiring spree, thus creating over 2,88,700 jobs, an increase of 13.7% from November 2020, which can certainly benefit Indians who are looking forward to migrating to Australia. ABS also reveals that Indians (7,21,000) are the biggest chunk of migrants in Australia after the British and account for 2.8% of the population.
TOP VIDEOS FOR YOUNearly 3,00,000 migrant workers moved out of the country due to Covid situation, which had a huge impact on the job market. Foreign workers made up 4% of the total workforce earlier, but now it is 1.8% and is expected to fall further. The booming economy has, no doubt, produced more job opportunities with a shortfall in workers.
Net immigration typically adds around 2,00,000 people to Australia’s population each year. With borders being strictly closed for migrants due to the pandemic, it has forced companies to hire Australian workers in their absence. This has also led to reduction of unemployment much more quickly than predicted.
In May 2020, businesses reported a 6.5% vacancy, but in February 2021, it increased to 18.1%. Tech sector in the country is already facing a crunch in hiring developers and engineers. Even low-skilled positions in the agricultural sector are facing a major shortfall of workers as Australians don’t prefer engaging in these jobs.
Learning foreign languages can help you get better jobs — here’s how
Microsoft, Airtel, BYJU’S, IIT-Bombay and more — here is a list of companies looking for interns
- Weekend watch list for OTT — Fahadh Faasil’s Malik to Farhan Akhtar’s Toofan and more
- Reliance Retail surprises all by more than doubling its net profit in the last three months
- Reliance Jio adds 42 million subscribers but the average revenue is pretty much the same
- YES Bank’s net profit grows four fold as provision for bad loans shrink
- Amazon Prime Day 2021: Best deals and offers on headphones