Commerse, Earnings and Savings :: World finance

Aussie rallies as us dollar loses ground

THE Australian dollar has rallied amid further weakness in the greenback, amid concerns about US President-elect Donald Trump’s economic plans.

The local currency was trading at 74.95 US cents at 0702 AEDT on Friday, up from 74.69 US cents on Thursday. It hit 75.19 US cents just after midnight. Westpac senior market strategist Imre Speizer said the US dollar fell further on investor concerns about an absence of information regarding promised fiscal stimulus following Mr Trumps first press conference in six months. The US dollar index is 0.6 per cent lower on the day, extending yesterdays decline to a one-month low, Mr Speizer said in a research note. The Australian share market is expected to open broadly flat following falls in the US, Germany, France, Italy and Asia overnight.

At 0702 AEDT on Friday, the local SPI 200 futures contract was up three points at 5,731 points.

On Thursday, the Australian share market fell as early momentum provided by a higher Australian dollar and commodity prices was overshadowed by negative responses to Mr Trumps first press conference.

The benchmark S&P/ASX200 dropped 4.6 points, or 0.08 per cent, to 5,766.9 points, while the broader All Ordinaries index slipped 2.1 points, or 0.04 per cent, to 5,821.6 points.


One Australian dollar buys:

* 74.95 US cents, from 74.69 US cents on Thursday

* 85.90 Japanese yen, from 85.46 yen

* 70.54 euro cents, from 70.40 euro cents

* 61.60 British pence, from 61.15 pence

* 105.34 New Zealand cents, from 105.48 NZ cents

(*Currency closes taken at 1700 AEDT previous local session)

Aussies on the dole reject jobs because they were offered unrealistic work

WOULD you accept a job with hours that meant you’d never see your kids?

Or one where youd have to uproot your entire family for just three months?

What about one that gave you barely enough money to live?

These are the realities Aussies on welfare are facing and why many feel they have to reject jobs theyre offered.

The Daily Telegraph revealed on Monday more than 35,000 Australians receiving Centrelink payments turned down work or quit new roles in the past 12 months.

The Department of Human Services said 35,576 either refused to take or hold down a suitable job.

Some refused the job outright, while others accepted the role but did not turn up.

The government also revealed more than 22,000 people quit new jobs and went back to receiving welfare payments.

On Monday Treasurer Scott Morrison said anybody unemployed who refused to accept a job should not get the dole.

But some of those Aussies say they didnt reject the jobs because they preferred to be dole bludgers, but instead they were either underqualified, required to work terrible hours or even move away.

Some people on the dole told on Monday accepting a job wasnt that easy.

One man got offered a job fruit picking, but he would have to move to a regional area for a job that only lasted three months. Meaning hed have to just go back on the dole anyway.

It costs money to move and do all that too, he said.

With some jobs you dont even earn as much as you would on Centrelink.

Rod Bishop, 45, receives a disability payment and he told people were being offered unrealistic work.

Some were being sent to interviews by unemployment agencies and Centrelink, for work they werent qualified to do.

People being sent to mechanics jobs with no idea what a motor is, or disabled pensioners told to do landscaping, he said.

Some jobs that are offered should be taken if possible but some people have family commitments, health issues, transport problems.

When the lucky ones get to go to interviews and the employer finds that they have no experience, no qualifications, they are sent away but when it comes to explaining why the person did not accept the work, wires get crossed and in the end Centrelink just puts you in the reject pile and will listen to what the employer says rather than you.

Some employers are sick of this run-around and waste of their time as well.

Mr Bishop said jobs didnt offer training and people werent given a chance without the skills.

He believes there are many people on welfare trying to do the right thing.

Get those dole cheats for sure. They are scumbags who dont deserve any help while some people really need it and have to fight for it because of a stupid few.

A 54-year-old woman, Karen, said she had extensive dealings with Centrelink because her husband has a disability.

They have two children, one has fulltime employment while the other is on welfare.

She said Centrelink failed to listen to job seekers and there were a number of reasons why some had to turn down employment.

She told some jobs expected people to travel 90 minutes to work, even if there was no public transport or the person did not have a licence.

If you do have your own transport, the cost of fuel and wear and tear on the car, you can hardly afford as it is, she said.

Karen believes some on welfare also dont know how to present effectively during job interviews.

This leads to a feeling of inadequacy. The constant rejections breed the environment for depression and low self worth, compounding into anxiety disorders and contributing to a lack of motivation to continue. If you are fortunate enough to find a casual position, the lack of job security that goes with casual employment can see you start off with 30 hours a week and if you are not quite right for the job, your hours are cut, to the point where it is clear they dont want you and you quit or you just never hear from them again, Karen said.

According to Karen, the main reason jobseekers had to turn down work was because they didnt have the skills, the transport, or the hours werent child friendly.

(Centrelink) fails to address the mental health of the job seeker and when you discuss your issues and the restrictions that places on your job capacity, they continue to present you with options (that) you and they know are not suitable, she said.

Karen believes many dont understand the daily hardships people on welfare face.

You never have enough to make ends meet, no matter how well you budget and manage your funds. Youre constantly having to go over budget due to prices fluctuating and the cost of living skyrocketing. I cannot feed ourselves now, as well as I could 20 years ago.

The cost of fresh produce is ridiculous. You are forever reminded of what you are missing by advertising. You lose social connections due to not being able to participate. You are made to feel less than. Being on a pension gives the recipient some semblance of dignity but Newstart has you questioning your very worth.

Karen said some people on welfare worked for themselves just to get ahead.

Some blokes use advance money to purchase a vehicle or item that they can repair and renew and sell for a small profit. They are using their skills which are not recognised. They spend their days working for themselves in essence, but to the prying and judgmental eye, they are bludgers, she said.

Mr Bishop said those who did go to a workplace, were made to feel like scum or criminals.

Who would suffer that kind of abuse? he said.

Mr Bishop believes for some, the dole was the only option.

Once youre in the system, its damn hard to get out and the ones preaching that there are jobs for everyone everywhere are the ones already employed.

Treasurer Mr Morrison told Ray Hadley on Sydneys 2GB radio this morning: If they knock back those jobs, they are not taking those jobs, then they shouldnt be getting the dole.

Acting Opposition Leader Tanya Plibersek said there was no excuse for not choosing to work.

However, she acknowledged many people who were unemployed were desperate to find a job.

If someone is rorting, they should have the book thrown at them but lets have a government thats serious about supporting jobs for Australians too, she told reporters in Sydney.

Mr Morrison said the government had been trying to get legislation from the 2015/16 Budget passed that would put in place a four-week waiting period for the youth allowance.

So that means you cant go from the school front gate when you leave school to the Centrelink front door, the treasurer said.

Labor should support this, the crossbenchers should support this.

It was originally a six-month waiting period under a proposal in the 2014/15 Budget but that failed to get through the Senate.

Human Services Minister Alan Trudge was unable to provide a comment to

Mr Tudge told the Daily Telegraph there were areas where employers could not find workers, in roles such as fruit picking and abattoir work.

with AAP