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Unemployment to worsen under the budget



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)F A U S T R A L I A · THE SENATE

SENATOR MICHAEL BAUME SENATOR FOR NEW SOUTH WALES

UNEMPLOYMENT TO WORSEN UNDER THE BUDGET

Unemployment, particularly for young Australians, is forecast to rise even further in 1991/92 under today's Budget, Shadow Minister for Youth Affairs, Senator Michael Baume said in Canberra today.

Senator Baume said the Budget forecast increase in total unemployment to a peak of 10.75% compared with the present 9.8% means that youth unemployment is now certain to exceed its present sixty-years record high of 28.5%.

"The rising unemployment rate forecast by the Government arises from an expected further fall of 1.75% in the number of Australians at work, representing the loss of a further 140,000 jobs."

"This follows the loss of 305,000 jobs over the last twelve months of which 130,000 had been held by young Australians aged 15 to 19 who are at the cutting edge of the recession the Hawke Government admits it deliberately 'engineered'."

"The Budget forecast clearly indicates that there will be a further slump in young Australians able to find jobs and a resultant increase in youth unemployment rates to well over 30%."

"These unemployment figures would be even worse than forecast if the Department of Social Security's huge increase in expected unemployment beneficiaries as shown in its Budget estimates are reflected in the Australian Bureau of Statistic figures."

"The Social Security Department expects Unemployment Benefit payments to jump 50% in the present Budget from $4.7 billion to $7 billion."

"It is appalling that the Government has been unable in this Budget to do anything to correct the economic disaster that is putting so many Australians - particularly young Australians - out of work."

"Even worse the Budget provided no hope to the legions of unemployed or to the more than one hundred thousand young Australians due to come into the work force in the near future that there will be jobs available for them", Senator Baume said

Further information: Senator Baume 20 August 1991

06-277 3610

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