by Summary:
The Australian Bureau of Statistics (ABS) released of the latest labour force data today (June 18, 2022) – Labour Force, Australia – for May 2022. The labour market improved markedly in May after several months of weakness. The robust full-time employment growth was a good sign as was the increasing participation rate. That particularly favoured the younger workers. The official unemployment rate was unchanged but the underlying (‘What-if’) unemployment rate is closer to 6.1 per cent rather than the official rate of 3.9 per cent. There are still 1,355.5 thousand Australian workers without work in one way or another (officially unemployed or underemployed). The only reason the unemployment rate is so low is because the underlying population growth remains low after the border closures over
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The Australian Bureau of Statistics (ABS) released of the latest labour force data today (June 18, 2022) – Labour Force, Australia – for May 2022. The labour market improved markedly in May after several months of weakness. The robust full-time employment growth was a good sign as was the increasing participation rate. That particularly favoured the younger workers. The official unemployment rate was unchanged but the underlying (‘What-if’) unemployment rate is closer to 6.1 per cent rather than the official rate of 3.9 per cent. There are still 1,355.5 thousand Australian workers without work in one way or another (officially unemployed or underemployed). The only reason the unemployment rate is so low is because the underlying population growth remains low after the border closures over
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Michael Hudson writes Why the War in Ukraine is Meant to Drag On: Strategic Goals, European Discontent, and NATO’s Role
Mike Norman writes Modern Monetary Theory film proves finding the cash isn’t the problem — William Thomson
Bill Haskell writes Manufactured Evidence of Voter Fraud
NewDealdemocrat writes Manufacturing remains in contraction, with construction on the brink
The Australian Bureau of Statistics (ABS) released of the latest labour force data today (June 18, 2022) – Labour Force, Australia – for May 2022. The labour market improved markedly in May after several months of weakness. The robust full-time employment growth was a good sign as was the increasing participation rate. That particularly favoured the younger workers. The official unemployment rate was unchanged but the underlying (‘What-if’) unemployment rate is closer to 6.1 per cent rather than the official rate of 3.9 per cent. There are still 1,355.5 thousand Australian workers without work in one way or another (officially unemployed or underemployed). The only reason the unemployment rate is so low is because the underlying population growth remains low after the border closures over the last two years....Finally some good news, but with caveats.
Bill Mitchell – billy blog
Australian labour market – strong full-time employment growth
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia