Analysis of Unemployment Rate in Australia: 2006-2016

This presentation analyzes the unemployment rate in Australia from 2006 to 2016, highlighting fluctuating trends and the government's role in addressing the issue. It presents graphical data illustrating the unemployment rate's fluctuations over the decade, with an increase noted in 2016. The presentation includes descriptive statistics, such as mean, median, and range, to provide a comprehensive understanding of the unemployment data. It emphasizes the impact of employment rates on living standards and GDP, suggesting that the Australian government needs to modify existing policies and investment frameworks to stimulate employment opportunities. The conclusion reiterates the rising unemployment and its impact on Australia's economic standing, advocating for new projects to achieve economic targets. The presentation underscores the importance of addressing unemployment for economic growth and development.

Research Enquiry for
Managers

4.1 Presentation of findings
Introduction
 In this power point presentation data about
unemployment rate of Australia has been presented.
 Thus, presentation will depict the extent to which
people of Australia are facing issue in relation to
unemployment.
 Besides this, it will also shed light on the
unemployment rate prevailed in Australia in last 10
years.

CONTD...

CONTD...
 The above mentioned graphical presentation shows that from the period
of 2006 to 2016 unemployment rate of Australia presented fluctuating
trend. In 2016,unemployment rate inclined from 5.1% to 6%.
 However, increasing trend was found in the level to which people of
Australia have no opportunities in relation to the employment aspect.
From the above graph, it also has been assessed that from the period of
2006 to 2008 decreasing trend had taken place in unemployment aspect.
 Thereafter, such graph inclined with the very high pace and indicates
that strategies framed by the government is inefficient. Thus,
government needs to place emphasis on starting the projects which offer
more employment opportunities to the local people of Australia. This in
turn helps them in reducing such higher rate.

CONTD...
 Moreover, employment rate is the most effectual measure which is
undertaken by the government of different nations to evaluate their
position in against to others.
 Along with this, living standard of people, GDP of the nation etc. is
highly influenced by the rate of employment exist within the country.
 Hence, by considering all the above aspects it can be stated that
Australian government needs to make modifications in their existing
policies and investment framework.
 Thus, by considering such aspect Australian government can raise the
GDP level of the country to the significant level.

CONTD...
Descriptive statistics of Unemployment data of Australia for the period
of 10 years
Mean 5.38181818
Standard Error 0.18626383
Median 5.4
Mode 5.9
Standard Deviation 0.61776724
Sample Variance
0.38163636
Kurtosis -0.67598378
Skewness -0.27878602
Range 2
Min 4.3
Max 6.3
Sum 59.2

CONTD...
 Further, in the past 10 years Australia faced 5.9% rate of
unemployment in a repeated manner. Along with this, range of
unemployment rate is 2% which states that the minimum level of
unemployment is 4.3%.
 On the other hand, the maximum limit to which unemployment rate of
Australia increased is 6.3%. Thus, it is highly required for Australian
government to undertake effectual measure to reduce such rate.
 Moreover, level of unemployment has high level of influence on the
economic growth and development. Thus, by reducing such rate
government can increase its GDP level to the large extent.

CONTD...
 From the above descriptive statistics it has been assessed that average
rate of unemployment in Australia is 5.38%. Along with this, in the
middle of 10 years employment rate is 5.4%.
 Both, mean and median rate of unemployment is very near to the
higher percentage which is 6.3%. This is not good indicator for the
government authority of Australia.
 Moreover, this aspect clearly represents the failure of government in
relation to offering the enough employment opportunities. This in turn
places high level impact of the standard of living aspect of the people.

CONTD...
 Further, in the past 10 years Australia faced 5.9% rate of
unemployment in a repeated manner. Along with this, range of
unemployment rate is 2% which states that the minimum level of
unemployment is 4.3%.
 On the other hand, the maximum limit to which unemployment rate of
Australia increased is 6.3%. Thus, it is highly required for Australian
government to undertake effectual measure to reduce such rate.
 Moreover, level of unemployment has high level of influence on the
economic growth and development. Thus, by reducing such rate
government can increase its GDP level to the large extent.

CONCLUSION
 From this presentation it has been articulated that in Australia level of
unemployment is rising on a continuous basis.
 This in closely affects the image of the county in front of other
nations.
 Thus, to improve and strengthen the economic position and Australian
government needs to undertake significant measure.
 Hence, by initiating the new projects government can achieve the set
targets and objectives.

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