ABS 6202.0 - Labour Force, Australia, August 2013: Jobless rate rises to four-year-high of 5.8%; Unemployment rate climbs to post-global financial crisis high of 5.8%, in line with forecasts
i was assured with all these mega projects being canned it would be much higher???
4.6% to 5% in WA. I think the monthly changes are too volatile to mean much but Mike would be disappointed.
The Trend is clear though.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
4.6% to 5% in WA. I think the monthly changes are too volatile to mean much but Mike would be disappointed.
That's the seasonally adjusted. Those SA figures show a FALL in male unemployment from 5.1% to 4.7% and a rise in female unemployment from 3.9% to 5.5%.
Trend figures are worth viewing.
WA TREND figures
Employed - total ; Persons ; UP 300
Unemployed - total ; Persons ; DOWN 500
Unemployment rate ; Persons ; now 4.8%, DOWN from 4.9%
4.6% to 5% in WA. I think the monthly changes are too volatile to mean much but Mike would be disappointed.
That's the seasonally adjusted. Those SA figures show a FALL in male unemployment from 5.1% to 4.7% and a rise in female unemployment from 3.9% to 5.5%.
Trend figures are worth viewing.
WA TREND figures
Employed - total ; Persons ; UP 300
Unemployed - total ; Persons ; DOWN 500
Unemployment rate ; Persons ; now 4.8%, DOWN from 4.9%
So you are willing to ignore the fact that the trend has been up since at least the beginning of the year?
Monthly volatility etc etc.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
i was assured with all these mega projects being canned it would be much higher???
Scared and pathetic, you've been warned about the destruction of high house prices!
The only thing idiotic bulls said could impact on house prices, caused by their own doing, but now your trying to walk away from that position also. Pathetic.
Shadow
12 Sep 2013, 12:43 PM
Macrobusiness are reporting it as steady at 5.7% for some bizarre reason...
The current unemployment and underemployment rate is 13.7, happy with yourself?
skamy
12 Sep 2013, 01:55 PM
WA is holding up pretty well --another 1600 new full time jobs, 300 total new jobs, and 500 less unemployed people since July. Plus the overall participation rate up 0.2%. At this rate, if we are lucky in Perth, the new home building etc will kick off before the reduced capex spending leads to less employment.
I must say I was expecting worse with all the bad news stories peddled by posters on here.
Getting the jitters are we? Perth is a dangerous place right now
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
There is no excuse for rising underemployment with inflation so benign. A huge failing by the previous government, and proof the federal deficit is too low. We really need a strong housing cycle.
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