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Australia: 10.2% unemployment rate in August
Topic Started: 11 Sep 2017, 01:47 PM (2,447 Views)
herbie
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Rufus
20 Sep 2017, 10:30 AM
The ABS do release an "under employment" figure which covers the part timers and casuals.
So does Roy Morgan.

Job demand does seem to be improving -
Posted Image
It would be nice if we are over the worst of it and have come out very, very much 'comparatively' unscathed yet again.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Tick Tock
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Lets wait and see where some of the Holden/Toyota workers are going to go and all the parts suppliers down the line also?

Vic and S.A may be in for a little shock after next month. :?:

And 10.2% is alot higher than the BS 5.8% they keep trying to tell us all!
Edited by Tick Tock, 20 Sep 2017, 11:48 AM.
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herbie
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Tick Tock
20 Sep 2017, 11:28 AM
Lets wait and see where some of the Holden/Toyota workers are going to go and all the parts suppliers down the line also?

Vic and S.A may be in for a little shock after next month. :?:
They've known it was coming for over three yrs now mate:

http://www.couriermail.com.au/why-australias-car-manufacturers-toyota-holden-and-ford-all-conked-out/news-story/e58e685cc75d3f68feb40d8d0f0711c7

So it's not going to come as a 'shock'.

The smart youngies will have taken their smallish redundancies and moved onto something else by now.

While the oldies will be hanging around for their rather larger payouts and saying thank you very much and retiring - If they want; Or just genuinely can't find anything else should they happen to wish to.

But anyway, it's surely not going to be any sort of particularly catastrophic shock I'd say? - Having been so well telegraphed.

Hmmm - And according to Rufus' chart above, jobs ads seem to be doing pretty well for the types of positions I imagine lots of those dudes might be seeking should they want them?
Edited by herbie, 20 Sep 2017, 12:06 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rufus
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Tick Tock
20 Sep 2017, 11:28 AM
Lets wait and see where some of the Holden/Toyota workers are going to go and all the parts suppliers down the line also?

Vic and S.A may be in for a little shock after next month. :?:

And 10.2% is alot higher than the BS 5.8% they keep trying to tell us all!
The closure of the plants seems dramatic, but it won't make much difference to the overall result.
Small business employment matters more.
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Tick Tock
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Only 1 month to go......Let's wait and see?

And its not just the factories but the parts suppliers down the line also.

Time will tell. ;)
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Bardon
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herbie
20 Sep 2017, 11:49 AM
But anyway, it's surely not going to be any sort of particularly catastrophic shock I'd say? - Having been so well telegraphed.
The closure of the Newcastle steel mill was a good example of advance notice, planning etc minimizing the impact of the eventual closure. It was a bit of a non-event when it eventually closed and is used as an example of how to properly do this in the modern era.
Edited by Bardon, 20 Sep 2017, 11:58 AM.
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Rufus
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herbie
20 Sep 2017, 11:49 AM
They've known it was coming for over three yrs now mate:

http://www.couriermail.com.au/why-australias-car-manufacturers-toyota-holden-and-ford-all-conked-out/news-story/e58e685cc75d3f68feb40d8d0f0711c7

So it's not going to come as a 'shock'.

The smart youngies will have taken their smallish redundancies and moved onto something else by now.

While the oldies will be hanging around for their rather larger payouts and saying thank you very much and retiring - If they want; Or just genuinely can't find anything else should they happen to wish to.

But anyway, it's surely not going to be any sort of particularly catastrophic shock I'd say? - Having been so well telegraphed.

Hmmm - And according to Rufus' chart above, jobs ads seem to be doing pretty well for the types of positions I imagine lots of those dudes might be seeking should they want them?
A large number of new jobs are being created in Melbourne, it won't even cause a ripple in the numbers.
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Tick Tock
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Rufus
20 Sep 2017, 12:14 PM
A large number of new jobs are being created in Melbourne, it won't even cause a ripple in the numbers.


Jobs like wot?

Name them?

Most of them are only production line workers with no quals.

No offence to them of course.
Edited by Tick Tock, 20 Sep 2017, 12:46 PM.
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Rufus
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Tick Tock
20 Sep 2017, 12:37 PM


Jobs like wot?

Name them?

Most of them are only production line workers with no quals.

No offence to them of course.
You're sounding very elitist - aren't tradesman good enough - I gave you the list, see above. A 72% increase in mining, a 36% increase in science and tech - not so factory floor given the number of engineers etc required.

Here is the article.
Quote:
 

Australia's latest hiring spree looks set to continue in the months ahead

https://www.businessinsider.com.au/australia-job-ads-seek-seven-year-high-2017-9

Australia’s labour market continues to go from strength to strength, and if the latest job ads data from Seek is anything to go by, that trend looks set to continue in the months ahead.
According to the group, total advertisements placed on its site jumped by 13.2% in August compared to a year earlier, leaving them at the highest level since 2010.
“These positive trends in advertising on Seek point to an improving labour market and suggests that positive economic momentum, evident in the June quarter GDP report, is continuing into the second half of the year,” said Michael Ilczynski, managing director for Seek Australia and New Zealand.
Posted Image

As seen in the chart above supplied by Seek, ads for mining, resources and energy workers continued to outperform all other categories, growing by a rapid 72% from a year earlier.
“The pick-up of exploration activities by mining companies, especially in Western Australia after cutbacks over the past few years, is driving job advertising growth on SEEK across the [sector],” said Ilczynski.
Reflecting improved demand for mining-sector workers, Seek found that advertisements in the Northern Territory, Queensland and Western Australia — Australia’s mining states and territories — all recorded stronger growth than the national average over the past year, lifting 23.7%, 20.3% and 14.8% respectively.

Tasmania, at 33.8%, recorded the largest percentage increase in advertisements of any state and territory over the year, outpacing solid gains of 19.5% and 15.5% respectively in South Australia and Victoria.

Total advertisements in New South Wales — Australia’s largest labour market — grew by 7.4% over the year while those in the ACT rose by a smaller 3.6%.

The continued strength in Seek’s job ads series bodes well on the outlook for labour market hiring, hinting that the strength seen over the past six months will likely continue in the latter parts of 2017.

According to ABS’ most recent Australian labour market report, employment surged by 54,200 in August to 12.269 million, leaving it at the highest level on record.
That took total employment growth since the start of March to 250,800, the largest six-month increase since July 2000. At 11, the run of consecutive monthly employment increases is also the longest seen in over six years.
In the minutes of its September monetary policy meeting, pre-dating the release of the August jobs report, the Reserve Bank of Australia said that “employment growth had been broadly based across the states”, adding that “solid growth in employment was expected to continue.”


I'll bet that like most people here, you will be excited about the strong jobs growth in Tasmania, Victoria and South Australia - it's especially nice to see jobs in mining pick up in Qld, WA and NT.

No wonder rental vacancies in Perth are fading. Just do the maths.
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Tick Tock
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Oh well it sounds good for now then.

If Turnbull new wot he was actually doing he would start building an LNG powered Power Station or 'at least' convert to Clean Coal to keep the lights on in the future.

Not sure if he has the brains for that tho. :?:
Edited by Tick Tock, 20 Sep 2017, 01:25 PM.
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