Jobs growth outweighs employability Sir, Having worked in the old Commonwealth Employment Service, the story “No work test for 300,000” (Australian Financial Review, July 31) came as no surprise. One key point missing from these stories is the current job vacancy rate. It stands at around five-plus unemployed persons for every vacancy, the lowest for many years; or if you use the real unemployment rate, it stands at 15 to 20-plus unemployed for every vacancy, depending on one&rsq…
