stats topic 4 Flashcards
1
Q
current U/E rate and trend
A
3.7% down from 7.5% in 2020
2
Q
Current Participation rate
A
66.8% and rising
3
Q
Current Economic growth
A
2.3%
4
Q
Current Inflation
A
6.0%
5
Q
Current Employed vs Unemployed
A
14 million vs 600,000
6
Q
current population
A
24 million
7
Q
what is the current retirement age and trends
A
current 67
65 in ___
might rise to 70 in 2035
8
Q
Current Aus youth U/E
A
8.5%
9
Q
How many modern awards are there?
A
122
10
Q
Current % of highly skilled workers in workforce?
A
30%
11
Q
Current min wage:
A
$23.23 per hour x 38 = $882.74 per week
–> 600,000 get min wage
2022 = $21.28
2020 = $19.84
min wage increased 85% from 2009 after GFC
12
Q
current Sunday penalty rates
A
125% or 150% down by 5% in 2017 and down by 10% in 2019
13
Q
Current union membership
A
14% down from ___
