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Surprise lift in new jobs numbers: Full-time positions up 15,500, part-time up 5,500; ABS 6202.0 - Labour Force, Australia, November 2013
Topic Started: 12 Dec 2013, 02:02 PM (1,126 Views)
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ABS data: http://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0

Employed Persons
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Unemployment Rate
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NOVEMBER KEY POINTS

TREND ESTIMATES (MONTHLY CHANGE)

Employment increased to 11,645,500.
Unemployment increased to 710,700.
Unemployment rate increased by less than 0.1 pts to 5.8%, based on unrounded estimates.
Participation rate at 64.8%.
Aggregate monthly hours worked decreased to 1,641.6 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

Employment increased 21,000 to 11,659,900. Full-time employment increased 15,500 to 8,107,900 and part-time employment increased 5,500 to 3,552,000.
Unemployment increased 3,400 (0.5%) to 712,500. The number of unemployed persons looking for full-time work decreased 3,500 to 517,700 and the number of unemployed persons looking for part-time work increased 6,800 to 194,800.
The unemployment rate increased by less than 0.1 pts to 5.8%, based on unrounded estimates.
The participation rate remained steady at 64.8%.
Aggregate monthly hours worked decreased 11.7 million hours (0.7%) to 1,634.4 million hours.

LABOUR UNDERUTILISATION (QUARTERLY CHANGE)

Trend estimates: The labour force underutilisation rate increased 0.3 pts to 13.7%.
Seasonally adjusted estimates: The labour force underutilisation rate decreased 0.3 pts to 13.4%. The male labour force underutilisation rate decreased 0.2 pts to 11.7%. The female labour force underutilisation rate decreased 0.3 pts to 15.6%.
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Surprise lift in new jobs numbers

December 12, 2013 - 1:42PM
Glenda Kwek

The jobless rate has risen to 5.8 per cent last month, with 21,000 jobs added to the economy.

Full-time positions grew by 15,500 while part-time jobs rose by 5,500, the Bureau of Statistics data released this morning showed.

The participation rate remains stable at 64.8 per cent. The aggregate monthly hours worked fell 11.7 million hours, or 0.7 per cent, to 1.63 billion hours.

The Australian dollar rose slightly on the news, lifting to 90.82 US cents before falling back to about 90.60 US cents.

“It’s pleasing to see full-time jobs growth outperform part-time, reversing the trend seen through most of 2013,” Moody’s Analytics associate economist Katrina Ell said.

“[But] it’s too early to suggest the labour market is improving, particularly with business conditions remaining soft.”

The jump in the number of jobs created could be the first sign that companies were starting to hire more staff rather than working their existing employees harder, Barclays chief economist Kieran Davies said.

At the same time, the increase was not a surprise given the number of positions that were shed by the economy over the last few months, JP Morgan economist Ben Jarman said.

“Before today’s number, the economy had lost 16,000 jobs over the prior six months, and that’s with population growing 150,000. ... So we thought there’s a possibility for some kind of bounce,” Mr Jarman said. The employment-to-population ratio remained steady at a seasonally adjusted 61.1 per cent, its lowest level since January 2006.

“And in that context, today’s bounce is pretty modest, because we’re still clearly behind what’s the normal run rate and the details today on the labour utilisation side are also fairly weak.”

The jobless rate remained steady in NSW at a seasonally adjusted 5.9 per cent, at 4.3 per cent in Western Australia and at 7.8 per cent in Tasmania.

It rose to 6.2 per cent in Victoria and to 6.8 per cent in South Australia. The unemployment rate fell from 5.9 to 5.6 per cent in Queensland.

The trend unemployment rate remained at 4.2 per cent in the ACT and slipped from 4.9 to 4.7 per cent in the Northern Territory.

Read more: http://www.smh.com.au/business/the-economy/surprise-lift-in-new-jobs-numbers-20131212-2z7xe.html
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Perthite
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Timmy called it. Jobs lost in WA.
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newjez
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Perthite
12 Dec 2013, 02:11 PM
Timmy called it. Jobs lost in WA.
I thought wa was flat?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Perthite
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The rate was. The numbers have been buried. Must be nasty.

Yoy job growth went from 19k to 12k.
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Pig Iron
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Bogan scum

Perthite
12 Dec 2013, 03:36 PM
The rate was. The numbers have been buried. Must be nasty.

Yoy job growth went from 19k to 12k.
you didn't look very hard.

WA lost 2700 employed persons, but still remains the 2nd lowest unemployment rate after the ACT, at 4.3%

as i said, slightly higher, fuck all impact.
I am the love child of Tony Abbott and Pauline Hanson
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Perthite
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Could you please put up the link.

I gave you the credit.
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JDe
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Pig Iron
12 Dec 2013, 04:40 PM
you didn't look very hard.

WA lost 2700 employed persons, but still remains the 2nd lowest unemployment rate after the ACT, at 4.3%

as i said, slightly higher, fuck all impact.
I was one of the 2700 but not worried about it.
Was offered some casual work but after more the 3 years in mining with no holidays I need a break anyway, could really do with a few months off to go fishing, rest and get to enjoy the house I now own.
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