Originally published in “The Australian”
During the 12 months to May 2014, YoY employment growth was 99,400, unemployment growth was 43,000 and Not in the Labour Force growth was 197,500. Given our long term participation and unemployment rates of about 65 percent and 5 percent respectively, we should have seen employment growth of 210,000, unemployment growth of 10,000 and Not in the Labour Force growth of 120,000. So our employment growth was about 110,000 too low, employment growth was 30,000 too high and Not in the Labour Force was 80,000 too high.
Read Full Report : ADS Jobs Profile May Qtr 2014.pdf
Link to Map: MAY QTR 2014 – LABOUR FORCE PARTICIPATION RATE MAP
|Disclaimer: The Labour Market reports and associated maps have been prepared as an educational and public relations exercise and have not been designed as an advisory tool for business and we take no responsibility for those who use either of them for these purposes. The sampling errors for smaller Labour Force regions are often large and the raw figures used cannot be easily adjusted for seasonal trends. The statistical significance of the profiles also need to be considered. We repeat, caution is urged in any interpretation of these statistics. We acknowledge and thank the Australian Bureau of Statistics for the provision of original data, Dr Otto Helwig of MDS for the HES micro simulation modelling and Phil Henry of Business Geographics for the mapping.|