Underemployment Rate and Federal Government

full-time employment: The underemployment rate remained steady at 8.4 percent, according to Nine News Australia. Underemployment refers to a situation where a person is employed but working fewer hours than is sufficient. Across the country in August, 17,400 more people found employment, while the number out of work fell by 14,400."The increase in employment was driven by increases in male full-time employment, and female full-time and part-time employment, with the largest increase seen in full-time employment for males," the ABS said in a statement. Job opportunities nevertheless remain tight, pending further growth of the national economy. The Federal Government announced its $6.8 billion Jobactive program in March, aimed at getting the unemployed back to work with better incentives for employers. It is hoped the Australian dollar low exchange rate, in addition to record low interest rates, will help the economy and employment prospects going forward. (news.financializer.com). As reported in the news.