[cobran20]

Unemployment rose to 5.3%

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Quote

NOVEMBER KEY POINTS


TREND ESTIMATES (MONTHLY CHANGE)


Employment increased to 11,456,500.
Unemployment increased to 638,700.
Unemployment rate steady at 5.3%.
Participation rate steady at 65.6%.
Aggregate monthly hours worked decreased to 1,622.2 million hours.


SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

Employment decreased 6,300 (0.1%) to 11,457,100. Full-time employment decreased 39,900 persons to 8,026,300 and part-time employment increased 33,600 persons to 3,430,800.
Unemployment increased 9,400 (1.5%) to 635,800. The number of persons looking for part-time work increased 16,500 to 181,300 and the number of persons looking for full-time work decreased 7,100 to 454,600.
The unemployment rate increased 0.1 pts to 5.3%. The male unemployment rate remained at 5.2% and the female unemployment rate increased 0.2 pts to 5.3%.
The participation rate decreased 0.1 pts to 65.5%.
Aggregate monthly hours worked decreased 11.3 million hours to 1,616.8 million hours.


LABOUR UNDERUTILISATION (QUARTERLY CHANGE)

Trend estimates: The labour force underutilisation rate increased 0.2 pts to 12.5%.
Seasonally adjusted estimates: The labour force underutilisation rate increased 0.2 pts to 12.6%. The male labour force underutilisation rate increased 0.1 pts to 10.6%. The female labour force underutilsation rate increased 0.4 pts to 14.9%.

[Solomon]

cobran20, on 08 December 2011 - 02:21 AM, said:

Unemployment rose to 5.3%

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Uh oh!

[wim]

Solomon, on 08 December 2011 - 03:14 AM, said:

Uh oh!

According to an article in theage there were 40,000 full time jobs lost.

[cobran20]

Solomon, on 08 December 2011 - 03:14 AM, said:

Uh oh!

on target...

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[mattau]

yeah this is a concern. that's getting higher.

Why do you reckon it's gone up all of a sudden?

[sydney3000]

mattau, on 09 December 2011 - 08:47 AM, said:

yeah this is a concern. that's getting higher.

Why do you reckon it's gone up all of a sudden?

I see as root cause to a lot of problems "lack of leadership". There is constant talk of potential reform which eliminates the time to implement actual reform.

It took 20 years to come to the point of recognising something as simple as gay marriage by the state. It will take 20 years to come to the point of eliminating something as simple as payroll tax.