However, the jobs are still very much beyond the mine and resources sector, the future conditions are likely to be supportive. The labor market is weak, and the jobs in Australia are considered to be `Achilles heel’, which refers to the weakness or vulnerable aspect. The AUUD exchange rate slightly plunged in the recent time that directly affected both the unemployment rate and the GDP. Thus, it is evident that the unemployment rate is highly unstable and greatly affects the GDP or national economy.
Therefore, it has been noted that national government is trying to deal with it. However, the government is also being blamed for the current situation of market (Whaples 2011). The government is the key monitory body and must implement the outlined laws for the nation’s best practices. The laws, execution, and punishment are all the rights of government, thus the expectations from them has also enhanced. Economy has always been a controversial problem and must be addressed in an adequate and consistent manner. The condition can also be associated with the growing level of globalization as the strong companies are inkling towards the stronger economy nations, and thus leaving behind the decrease in unemployment rate.
The reported is still optimal with the situation because the date given is only the top of iceberg and believe that the new job rate always equal or more than the job less.