November’s unemployment/employment figures are in. I ended up finding it in the fiction section. According to The Australian Bureau of statistics (ABS) the unemployment figure is 5.8% seasonally adjusted and 6.0% using trend estimates. The ABS state they do not publish the Territories in seasonally adjusted figures but suggest using the trend estimates. So in that case the unemployment rate is 6.0%. Looking at the states, South Australia’s unemployment rate is 7.5%, Western Australia 6.5%, Tasmania 6.4%, Queensland 6.1%, Victoria 6.0%, and New South Wales 5.5%. Out of the 71,400 persons newly employed in Australia 50,300 are from New South Wales.
There was an increase in female full-time employment, an increase in male part-time employment, an increase in female part-time employment, and a decrease in male full-time employment. So there is a decrease in full-time employment for males. So does this mean they take the full-time male worker’s job and turn that job into 2 part-time casual jobs or even 3?, and does this mean we will see on television that we need more males in the workforce? I doubt it. The actual hours worked in all jobs has also seen a decrease by 12.7 million hours.
The labour force participation rate was up 0.3% to 65.3%. Has anyone considered the new rules brought in by the government (due to international standards being used) which decided to take away some peoples disability allowance, may have an influence on the rise of the participation rate?
The ABS has a section called what’s new in the labour force and it shows what they will change to give a positive unemployment rate. The four things that will change next time around will be; (1) Monthly full-time/part-time job search (2) Quarterly volume measures of labour under utilisation (3) Quarterly retrenchment (4) Quarterly sector of main job (public/private).
This section in the ABS website states that after consultation with academics and stakeholders they will be using a technique called Bayesian technique to calculate unemployment figures as well as using the current system.
I will finish with this from the ABS stating what has actually caused the ‘strong’ growth;
‘The rotation group which was new to sample in November 2015 (the incoming rotation group) displayed a stronger tendency towards both participation and particularly employment than the group it replaced (the outgoing rotation group in October), and a resulting higher participation rate and employment to population ratio. When considering October 2015 and November 2015 together, both months saw incoming rotation groups with employment to population ratios (63.8% and 63.3% respectively), which are relatively high compared to the average of all rotation groups of between 61% and 62% in October and November 2015. This has contributed to the recent strong growth in employment’.