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Hendry said a lot of the young people Kick Back works with did not have decent security with the jobs they were able to work in, if they were able to get them. The contracts were generally less beneficial than those many older workers sign onto, he said.
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0 e7 h- V% J- w7 H. A6 @To make things worse, Hendry said benefits were being cut for some young people trying to find work, forcing them to instead deal with more immediate issues such as potential homelessness.6 t2 s* V8 Q1 i, T2 s
( T G8 Y( V5 U2 V"Unfortunately some of the decisions being made around how we manage benefits and the tougher approach around sanctions is also getting in the way. It's making things harder for some young people as they're trying to find work," Hendry said.
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"Things have gotten harder. Young people have been sanctioned because they haven't been able to pick up their phone or haven't had a phone - that's had an impact on their ability to stay housed. They're having to deal with how to get into WINZ or how to find housing ... it leads to further crisis and further harm.
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7 c! ?, V% v: m. N8 j! m4 p/ v"We need more support for young people, especially more transition into work support."
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5 O C$ M0 j8 X. }. c9 g'Heads should roll' if OCR is cut next week - economist! M: d; ~: O- v1 w0 G& L
As for when things will start to get better, Kerr believed the economy's recovery was about to accelerate. He said we should expect "a lot" of cuts to the Official Cash Rate, predicting it would fall from 5.5 to 2.5 over the next year and a half.
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"We have been in recession for two years now. I think enough is enough and it's time for the Reserve Bank to start moving the other way. I'm recommending they start cutting next week, but I don't think they will. I think they'll wait until October or November."
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Also in the quarterly data released on Wednesday was the level of underutilisation - a measure of slack in the jobs market - rising to 11.8 percent from 11.2 percent. |
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发表于 2024-7-24 19:01:54
