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The Budget – What it means to you

budget 2016 affect on contractors and businessWith the Federal Budget 2016-17 announced, small businesses and middle income earners get the handouts, with promises to promote jobs and growth, control spending and make savings.

We have summarised some of the key areas that could affect you as an individual, a contractor and a business.
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Unemployment rate jumps up to 6% in January

January 2016 sees the unemployment rate jump up

Australian unemployment jumps to 6% in JanuaryThe unemployment rate in Australia jumped to 6% in January from the previous year’s rate of 5.8% according to the Australian Bureau of Statistics (ABS).

Jobs growth is not as strong as it looked a couple of months ago, but not as flat as the latest figures say it is.
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The roles that Australian companies find hardest to fill (Source: Financial Review)

Ajobs difficult to fill Australia talent shortage has led to 42 per cent of Australian employers struggling to fill roles despite national unemployment at 6.1 per cent, a survey has found.

Human resource and recruitment company Manpower Group Australia surveyed more than 1500 businesses and found one quarter of Australian companies were not currently implementing any tactics to curb the impact of the talent shortage.

In the annual survey, skilled trades were remained the hardest roles to fill.

This year management and executive positions came in at second hardest role to fill, up from ranked fifth in 2014.
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