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cobran20

ABS: 6202.0 - Labour Force, Australia, Apr 2011

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Unemployment rate steady at 4.9%

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APRIL KEY POINTS

TREND ESTIMATES (MONTHLY CHANGE)

  • <LI type=square>Employment increased to 11,446,100. <LI type=square>Unemployment decreased to 585,700. <LI type=square>Unemployment rate steady at 4.9%. <LI type=square>Participation rate steady at 65.7%.
  • Aggregate monthly hours worked increased to 1,606.6 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

  • <LI type=square>Employment decreased 22,100 (0.2%) to 11,436,500. Full-time employment decreased 49,100 to 8,056,800 and part-time employment increased 26,900 to 3,379,700. <LI type=square>Unemployment decreased 9,800 (-1.7%) to 583,000. The number of persons looking for full-time work decreased 1,700 to 413,000 and the number of persons looking for part-time work decreased 8,100 to 170,000. <LI type=square>The unemployment rate remained steady at 4.9%. The male unemployment rate increased 0.1 pts to 4.7% and the female unemployment rate decreased 0.3 pts to 5.0%. <LI type=square>The participation rate decreased 0.2 pts to 65.6%.
  • Aggregate monthly hours worked decreased 14.7 million hours to 1,601.6 million hours.

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Participation rates of males, females and persons are showing a trifecta of plateaus over the last three years. It's all downside from now into the future. Wage inflation is coming.

Edited by sydney3000

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If inflation continues to rise, and unemployment rises also, will they keep raising interest rates?

The RBA is pretty dogmatic about not letting (the bogus CPI) inflation rise too much. I'd say that they will raise interest rates.

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... and the trend continues unchanged!

Thanks Cobran.

According to AK average hours worked is down to ~32 which is below GFC levels and 2 hours less than the last two recessions.

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