What happened in Queensland is that people are facing high unemployment relative to other states - 5.7 per cent when I last checked.
Sentiment: NEGATIVE
If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would have to respond, and that would either be by increasing domestic demand or by weakening its own currency.
Unemployment is due to the large import of goods from Britain and other countries. The Government haven't used the powers which they have for the benefit of the country.
Like many places across the country, Wisconsin lost more than 100,000 jobs from 2008 to 2010. Unemployment during that time topped out at over 9%.
Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the wage.
The unemployment rate went down as I was governor of Massachusetts. We were losing jobs every month when I came into the state.
The unemployment rate has effectively not gone down from where it was at the peak of the recession. The only reason it's gone technically from 10 percent to 8 percent is so many people are discouraged and have quit work.
Working lives are for the state to influence. Unemployment makes people unhappy. So does instability.
It has to be because unemployment problems in northwest Indiana are similar to those in southeast Chicago.
When more and more people are thrown out of work, unemployment results.
There isn't a lot of work in Australia. I think that's why everyone comes over to America to find jobs and pilots and things, because there's not enough work to justify staying there, unfortunately. Like, I wish there was. I would love to stay home and be working with my family around the corner, but the work just isn't there.
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