New modelling provides greater scrutiny for supply chains miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Of the more than 870,000 Australians who lost their jobs in the first few months of the COVID-19 crisis, 332,200 – or 38% – were young Australians aged 15-24.
By June 2020, as the overall unemployment rate hit 7.4%, the youth unemployment rate spiked to 16.4%, with a further 19.7% underemployed (working fewer hours than they wanted).
As of February the overall unemployment rate had fallen to 5.8%, compared with 5.1% in February 2020. The youth unemployment rate meanwhile was 12.9%, compared with 11.5% the year before, and a further 16% were underemployed.
Prime Minister Scott Morrison has enthused about there now being “more jobs in the Australian economy than there were before the pandemic”. But that’s true only for those 25 and older: 77,600 more are employed than before the crisis. For those aged 24 and under, 74,100 fewer have jobs.
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Indigenous deaths in custody and the overrepresentation of Aboriginal and Torres Strait Islander people in prison have been singled out in Amnesty International’s annual global snapshot of human rights issues.
The spate of deaths has prompted widespread outrage as the 30-year anniversary of the release of the 1991 Royal Commission into Aboriginal deaths in custody report approaches next week.
Since the report was handed down, more than 450 Aboriginal and Torres Strait Islander people have died in custody.
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The Amnesty International report, released on Wednesday, highlighted the issue as well as widespread support for raising the age of criminal responsibility from 10 to 14, a policy that disproportionately impacts Indigenous youth who make up the majority of young people in prison.
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The Reserve Bankâs charter requires it to work towards the economic prosperity and welfare of all Australians, but for most people that can be narrowed down to one issue â house prices.
Since the advent of non-bank lenders in the mortgage market in the 1990s, property prices have grown faster than wages and inflation, generating an ongoing debate about who is to blame for a situation that leaves one of the worldâs most sparsely populated nations with some of the globeâs most expensive housing.
Itâs an issue of which the RBA is acutely aware. And the sharp lift in house prices through the past 12 months, as interest rates have fallen to their lowest levels in history while governments have thrown billions of dollars at housing stimulus packages, has amplified the focus on the RBA and its role.