Australian labour market – holding steady in a weak state

Today’s release of the – Labour Force data – for March 2015 by the Australian Bureau of Statistics shows that the Australian labour market was stronger than in recent months but overall remains relatively weak. There was some modest growth in employment for the second consecutive month and better full-time employment growth. Employment growth just kept with the growth in the labour force (new entrants and a slight rise in participation) which meant that the fall in unemployment was virtually zero. The unemployment rate fell from 6.15 per cent to 6.12 per cent (1,500 persons). The teenage labour market remains in a parlous state and requires an urgent policy problem that the Federal government refuses to recognise or deal with. In general, there remains a need for more job creation stimulated by an increased federal government deficit.

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