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Probability of 500,000 long term unemployed unless policy changes



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PROBABILITY OP 500,000 LONG TERM UNEMPLOYED UNLESS POLICY CHANGES

The DSS figures released today show that the number of longĀ­ term unemployed people has risen yet again.

There are now over 380,000 people who have been unemployed for 12 months or longer.

Over the last two years this figure has shot up from 120,000 to its present levels and according to Professor Judith Sloan will reach 500,000 by the middle of the decade unless policy direction changes.

The ABS figures also show that the trend estimates of

unemployment continue to increase and the trend in full-time employment is decreasing.

These are very worrying figures. People who have jobs today are terrified of losing them. They know it would take a long time to get another one.

The recession is biting into people at Christmas time with charities experiencing anything from a 30 to 100 percent increase in clients over the "festive" season. Most of these

calls are coming from people who have never had to ask for welfare before.

Mr Keating has no policies to relieve this recession "we had to have". His One "Divided" Nation statement is dead in the water, with infrastructure spending at a standstill and local council spending not creating jobs.

He changes Australia's growth estimates as often as he changes his socks but attacks the Opposition for doing something he should do - adjusting its policy package to cope with

worsening recessionary trends.

Mr Keating's recession will continue and the electorate knows he has policy paralysis and cannot reverse the decline.

ends...12/12/92

COMMONWEALTH

PARLIAMENTARY LIBRARY MIC AH

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