Slow down hits labour market
[economics/ ] [Permalink]
The Australian Bureau of Statistics (ABS) released the October Labour Force data today and it confirms the trend towards a declining labour market. The official unemployment rate is now 5.2 per cent which means the 'rule of thumb' broader labour underutilisation rate (including hidden unemployment and underemployment) will be once again into double figures (roughly double the official rate). The total number of unemployed increased by 9,000 and now stands just shy of 550,000
This is the second successive month that employment has fallen. All the pundits have been predictin More ...
Posted on Mon, 28 Nov 2005 21:55 by bill (1134 day(s) old)
