And I'd say it's more to do with global issues than anything our governments have done or failed to do.
"Long-term unemployment hits us allIt is also bad for the economy.The economy is made up of people and their skills.When people are out of work for a long time their skills weaken and wither.Someone who has not had a job for ten years doesn’t know half the new tools people are using in the office, doesn’t know the safety rules on site, etc.Even if they were once a hotshot they need training now.This adds up.If enough people become long-term unemployed our economy grows even weaker, because we lose those skills.They call this “hysteresis” and it’s a compounding effect in a weakening economy.Not to mention the fiscal cost.There are 800,000 Aussies on the Jobseeker payment, about 54 per cent men.Jobseeker is worth $781.10 a fortnight, with adjustments depending on your circumstances."
