billy blog ... some alternative economic thinking

The Australian labour market continues to stagnate with today's ABS data showing a rise in the national unemployment rate.

The January 2006 Labour Force Survey shows that employment is dropping and the unemployment rate is rising.

While total employment increased by 1,800 to 10,034,500, part-time jobs, which have driven the employment growth in recent years fell. Full-time employment increased by 30,500 while part-time employment decreased by 28,700 in the month of January. This rise in the unemployment rate has also been at odds with what the so-called 'markets&#  More ...