Category Archives: Labour Force

Commentary and analysis of labour force data releases.

Job Services Australia – ineffective and rife with corruption – scrap it!

The ABC – Four Corners – program tonight will highlight the corruption and inefficiency within Australia’s privatised labour market services sector. The program – The Jobs Game – will screen at 20:30 Eastern Standard Time. I participate in the program … Read the rest of this entry »

Posted in Labour costs, Labour Force | 19 Comments

Australian labour market – deteriorating and approaching crisis

Today’s release of the – Labour Force data – for January 2015 by the Australian Bureau of Statistics shows that the Australian labour market contracted in January 2015, after the slight Xmas boost in December. Full-time employment growth was sharply … Read the rest of this entry »

Posted in Labour Force | 11 Comments

US labour market improving slowly – Eurozone falls further behind

Last week (February 6, 2015), the US Bureau of Labor Statistics (BLS) released its latest – Employment Situation Summary – which suggested that “Total nonfarm payroll employment rose by 257,000 in January, and the unemployment rate was little changed at … Read the rest of this entry »

Posted in Eurozone, Labour Force, UK Economy, US economy | 10 Comments

Australian labour market – moderate growth recorded

Today’s release of the – Labour Force data – for December 2014 by the Australian Bureau of Statistics shows that the Australian labour market modestly in the month of December. The good news is that full-time employment growth was positive … Read the rest of this entry »

Posted in Labour Force | 6 Comments

US labour market – improving but warning signs still present

Last week (January 9, 2015), the US Bureau of Labor Statistics released the – Employment Situation – for December 2014. The data showed that “Nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined by 0.2 percentage … Read the rest of this entry »

Posted in Labour Force, US economy | 3 Comments

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 | 19 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