The May 2010 Regional Unemployment Index (RUIN) shows that the 2009 downturn is well and truly over, with demand for high SES jobs now so high that unemployment is heading down towards two percent in some wealthier suburbs and demand driven inflation should now be a real concern for the Reserve Bank.
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.