The Unemployment Profiles from May 2009 to May 2010
The recession is well and truly over, with demand for high SES jobs now so high that unemployment in May 2010 in some rich inner city suburbs was heading down towards two percent and demand driven inflation must now be a real concern for the Reserve Bank.
While demand is strong for better paid jobs, the lower paid jobs boosted by the fiscal and monetary stimulus are fading, relative to skilled white collar workers and tertiary trained professionals. This would be a real concern for the Government.
During the depths of the downturn, in April 2009, these relativities between high and low SES workers were so squeezed as to be almost nonexistent.
Read Full Report – Regional Unemployment Index ( RUIN ) for May 2010
|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.|