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Another question mark over recovery



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Peter Reith

DEPUTY LEADER of the OPPOSITION PRESS RELEASE SHADOW TREASURER

ANOTHER QUESTION MARK OVER RECOVERY

The sharp fall in job vacancies in May has put yet another

question mark over the Government's optimistic claims of economic recovery.

Between February and May this year the number of job vacancies fell by 6.9 per cent.

The data released today shows job vacancies fell by 3.4 per cent between May 1991 and May 1992.

If a fully fledged economic recovery is indeed underway, as the Prime Minister and the Treasurer repeatedly assert, why is it that ordinary Australians are not seeing the benefits of it via increased work opportunities?

The fall in job vacancies shows that in terms of job

opportunities the Australian economy is still very seriously recessed, and just bumping along the bottom.

The Government's talk of economic recovery is falling on deaf ears: the simple fact is employers are not taking on more

people.

On the contrary, the job shedding is continuing.

And even analysts who had earlier thought that the first flush of recovery may have been sighted are now having second thoughts.

25 June 1992 Canberra

Contact: David Turnbull (06) 277 4277 D106/92

COMMONWEALTH PARLIAMENTARY LIBRARY MiCAH