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.
"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."
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.
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. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
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"
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.
"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."
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?
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?
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
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.
"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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