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ABS 6202.0 - Labour Force, Australia, Sep 2016. Jobless rate falls to 5.6%.
Topic Started: 20 Oct 2016, 11:32 AM (1,430 Views)
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ABS Data: http://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0

Employed Persons
Posted Image

Unemployment Rate
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Quote:
 
SEPTEMBER KEY POINTS

TREND ESTIMATES (MONTHLY CHANGE)

Employment increased 3,900 to 11,959,500.
Unemployment decreased 3,100 to 715,100.
Unemployment rate decreased by less than 0.1 pts to 5.6%.
Participation rate decreased by less than 0.1 pts, but remained at 64.7% in rounded terms.
Monthly hours worked in all jobs increased 2.2 million hours to 1,660.4 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

Employment decreased 9,800 to 11,947,200. Full-time employment decreased 53,000 to 8,105,300 and part-time employment increased 43,200 to 3,841,900.
Unemployment decreased 12,500 to 705,100. The number of unemployed persons looking for full-time work decreased 7,400 to 492,300 and the number of unemployed persons only looking for part-time work decreased 5,100 to 212,800.
Unemployment rate decreased 0.1 pts to 5.6%.
Participation rate decreased 0.2 pts to 64.5%.
Monthly hours worked in all jobs increased 4.0 million hours to 1,660.0 million hours.
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Khaderbhai
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Admin
20 Oct 2016, 11:32 AM
Jobless rate falls to 5.6%
But Crazy Ted told me the economy has never been worse?
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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vdmruss
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Khaderbhai
20 Oct 2016, 01:33 PM
But Crazy Ted told me the economy has never been worse?
Employment decreased 9,800 to 11,947,200. [strong]Full-time employment decreased 53,000[/strong] to 8,105,300 and [strong]part-time employment increased 43,200 to 3,841,900[/strong].

Secure full-time jobs are slowly being eroded and replaced with less secure part-time work. That's what happening.

Yes, I see these people all the time. The people that claim they've quit the corporate life to "pursue" their true goal in life. Well, I specifically meet the ones that decide to go into business for themselves.

P.S. I don't think it's ever been worse. At this point I would say that any shock that inhibits consumer spending will plunge the country into a proper depression.
Edited by vdmruss, 20 Oct 2016, 02:08 PM.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours.
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"It's an itchy blanket, it's designed to remind you how lucky you are"
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herbie
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Khaderbhai
20 Oct 2016, 01:33 PM
But Crazy Ted told me the economy has never been worse?
Still won't stop tha RBA dropping interest rates if they reckon inflation's a bit low ('n/or tha exchange rate's a bit high), ta make tha economy even 'better' tho eh? ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rastus2
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Khaderbhai
20 Oct 2016, 01:33 PM
But Crazy Ted told me the economy has never been worse?
why the need to abuse ?

oh that's right, you consider it a friendly nickname, don't you idiot ?
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Khaderbhai
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herbie
20 Oct 2016, 02:13 PM
Still won't stop tha RBA dropping interest rates if they reckon inflation's a bit low ('n/or tha exchange rate's a bit high), ta make tha economy even 'better' tho eh? ... :)
Yep - perfect conditions for property investors and homeowners. The NSW unemployment rate dropped to 4.9% today. Plenty of people working, wages rising, rents rising (in most places), house prices rising, and interest rates set to stay low for the foreseeable future. Commodities on the way back up. Coal prices surging which is great for the NSW and QLD economies. Good times.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Ex BP Golly
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herbie
20 Oct 2016, 02:13 PM
Still won't stop tha RBA dropping interest rates if they reckon inflation's a bit low ('n/or tha exchange rate's a bit high), ta make tha economy even 'better' tho eh? ... :)
Or the economy is looking a bit like a dead mule.
Or house prices start to fall.
Or the aspirational voter class gets a bit spooked
Or .....
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Jon Snow
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Khaderbhai
20 Oct 2016, 04:23 PM
Yep - perfect conditions for property investors and homeowners. The NSW unemployment rate dropped to 4.9% today. Plenty of people working, wages rising, rents rising (in most places), house prices rising, and interest rates set to stay low for the foreseeable future. Commodities on the way back up. Coal prices surging which is great for the NSW and QLD economies. Good times.
So, in June of 2014, the OCR was 2.50% and CPI was 2.81%, and now the OCR is 1.5% and CPI is 1%

What's going on? :wak:

If the RBA drops the OCR another 100 points, will CPI go to 0.35%?

Or will we see a reversal of trend?

Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Will
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vdmruss
20 Oct 2016, 02:06 PM
Employment decreased 9,800 to 11,947,200. [strong]Full-time employment decreased 53,000[/strong] to 8,105,300 and [strong]part-time employment increased 43,200 to 3,841,900[/strong].

Secure full-time jobs are slowly being eroded and replaced with less secure part-time work. That's what happening.

Yes, I see these people all the time. The people that claim they've quit the corporate life to "pursue" their true goal in life. Well, I specifically meet the ones that decide to go into business for themselves.

P.S. I don't think it's ever been worse. At this point I would say that any shock that inhibits consumer spending will plunge the country into a proper depression.
Yes, that release on the RBA website surprised me. To lose 53000 full time jobs over the 12 months. This while the population will have grown by around 300k or perhaps a little more.

Certainly indicates problems in some parts of the economy.
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Khaderbhai
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Will
21 Oct 2016, 02:06 AM
To lose 53000 full time jobs over the 12 months. This while the population will have grown by around 300k or perhaps a little more.
Overall, we've gained about 185,000 jobs over the year...

Posted Image

Population growth is about 300K but they're not all adults so we can't expect them all to be working.

The trend towards a more flexible workforce is a good thing.

Who wants to be locked into a full time job when there are so many opportunities to freelance and work part time?

It's all good.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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