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Category:Labour Market,Labour Market 2012

This is the first time we have modelled per capita employment as well as unemployment and it was felt to be a good check on who is leaving theworkforce but not identifying as unemployed. This hidden unemployment has been growing over the past year, hiding a much higher real levelof unemployment.

Some 18 of 69 LabourĀ  Force regions had unemployment growth on or above 1.5 percent to Feb 2012, putting them on the RUIN recession risk list.

The worst 18 regions were a mix of rural and regional Australia and some richer inner city suburbs from the capital cities. Profiling confirms we were looking here at regions dominated by older persons transitioning to retirement, and the rich. The richer groups were high SES professionals, with Arts degree and Education backgrounds, paying a lot of money on private and Catholic school fees.

The regions which have been seeing reduced unemployment in the past year were large parts of WA, SA and some provincial cities along the east coast. Profiling confirms these were dominated by mining workers, especially those who commuted by FIFO or DIDO and workers in utilities. Both of these industries have had large increases in wages and employees in the past four years.

Read FULL REPORTAustralian Job Profile – February 2012

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.

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