Category Archives: Labour Force

Commentary and analysis of labour force data releases.

Australian labour market – labour wastage rate rises above 15 per cent!

The economic news leading into today’s ABS labour force release was poor. Last week, the national accounts for the June-quarter was released and showed a marked slowing in the Australian economy during that quarter. Many commentators claimed the data wasn’t … Read the rest of this entry »

Posted in Labour Force | 16 Comments

“There is plenty of stimulus” – but I am struggling to see it

“The economy is not weak enough that there needs to be more fiscal stimulus … there’s plenty of stimulus from the Reserve bank with record low interest rates” (Source). That comment came from an Australian private sector investment bank economist. … Read the rest of this entry »

Posted in Labour Force, National Accounts | 18 Comments

Australia Labour Force – weak and no signs of improvement

Today’s release of the – Labour Force data – for October 2014 by the Australian Bureau of Statistics is the since it made extraordinary admissions about the breakdown of seasonally adjustment methodology, which had made the last three months’ data … Read the rest of this entry »

Posted in Labour Force | 1 Comment

ABS revises labour force methodology – things are much worse than we thought

Yesterday, the Australian Bureau of Statistics released an extraordinary press notice – Statement from the Australian Statistician on the Labour Force estimates – which aimed to help everyone understand why the Labour Force data has been so weird lately. A … Read the rest of this entry »

Posted in Economics, Labour Force, Teaching models | 4 Comments

US labour market beset by massive job shortages

There was an interesting piece of analysis presented on the US Economic Policy Institute (EPI) site a few weeks ago – Labor Market Weakness Is Still not due to Workers Lacking the Right Skills – which showed the “the number … Read the rest of this entry »

Posted in Labour Force, US economy | 5 Comments

Rising long-term unemployment a sign of policy failure

While the Australian government ramps up its war on terror rhetoric and sending our armed forces to Iraq again, thus providing a major political diversion from their virtually complete policy failure on the socio-economic front, the data keeps coming which … Read the rest of this entry »

Posted in Job Guarantee, Labour Force | 3 Comments

Australian labour market – deteriorating

Today’s release of the – Labour Force data – for September 2014 by the Australian Bureau of Statistics provides a major revision to the data set, which corrects for the extraordinary (and unbelievable) rise in part-time employment and the decline … Read the rest of this entry »

Posted in Labour Force | 2 Comments

Australia labour force data – now a million underemployed

Today’s release of the – Labour Force data – for August 2014 by the Australian Bureau of Statistics revealed an extraordinary rise in part-time employment and a decline in unemployment. The results are suspicious as the ABS themselves acknowledge. Despite … Read the rest of this entry »

Posted in Labour Force | 7 Comments

Why we should close the ‘unemployment industry’

This morning I gave a Keynote presentation to the Jobs Australia conference in Melbourne, which is a gathering of people who work in what I call the extra industry – the ‘unemployment industry’ – which has sprung up in the … Read the rest of this entry »

Posted in Economics, Labour Force, Unemployment Benefits, Youth unemployment | 17 Comments

Australian labour force data – policy failure now stark

Today’s release of the – Labour Force data – for July 2014 by the Australian Bureau of Statistics shows a deteriorating situation. The Australian labour market is weakening. While the participation rate rose by 0.1 points, which pushed extra workers … Read the rest of this entry »

Posted in Labour Force | 11 Comments