Nov 2008 – RUIN

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Nov 2008 – RUIN

Category:Labour Market

Regional Unemployment Index (RUIN) November – 2008

Towards the end of 2008, it was apparent Australia was entering a major downturn which could become a recession. This was seen as an excellent opportunity for a  demographic profiling company like ADS to take a closer look at labour market statistics at a regional level, showing profiles of the demographic groups most likely to be impacted first and most severely by the GFC, to monitor the downturn and to profile the first groups to lead the recovery.

Losing a job, making ends meet, and getting another job are pretty significant events in the lives of Australians and worthy of study. A number of statisticians and mappers have assisted in the project, which has been largely pro bono and quarterly reports have been prepared when time allowed. We thank Business Geographics and Dr Otto Hellwig of MDS and also the Local Government Association of Queensland, The Australian Financial Review and The Australian, for their support at various times since 2008.

The reports have been prepared as an education exercise and are not intended to be used for any other purposes, including as an advisory tool for business and ADS takes no responsibility for those who use it for these purposes. The sampling errors are often large and raw regional data cannot easily be adjusted for seasonal trends.

Read Full Report – Regional Unemployment Index (RUIN) – Nov 2008

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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