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BCEC Monthly Labour Market Update – August 2024
Sustained jobs growth continues to stymie rate cut hopes Monthly labour force survey estimates continue to defy expectations of a downturn in the labour market. Nationally employment increased by 47,500 persons in August. That’s the third month in a row... Read article
Sustained jobs growth continues to stymie rate cut hopes Monthly labour force survey estimates continue to defy expectations of a downturn in the labour market. Nationally employment increased by 47,500 persons in August. That’s the third month in a row... Read article
BCEC Monthly Labour Market Update – July 2024
— Unemployment rate rises to 4.2 per cent in July, but continued surge in jobs growth the real story. — — Participation hits all-time highs for persons overall (67.1%) and for women (63.2%). — — Results strongly affected by apparent... Read article
— Unemployment rate rises to 4.2 per cent in July, but continued surge in jobs growth the real story. — — Participation hits all-time highs for persons overall (67.1%) and for women (63.2%). — — Results strongly affected by apparent... Read article
BCEC Monthly Labour Market Update – June 2024
— Run of strong employment growth extends into third month. — — Unemployment rate back up to 4.1 per cent as more women enter the labour force. — — A 6th of August increase in the official cash rate now... Read article
— Run of strong employment growth extends into third month. — — Unemployment rate back up to 4.1 per cent as more women enter the labour force. — — A 6th of August increase in the official cash rate now... Read article
BCEC Monthly Labour Market Update – April 2024
Unemployment rate edges over 4 per cent despite solid employment growth, albeit only in part-time jobs. Vacancies and wages moderate, consistent with a gradual softening in the labour market. A rapid fall in the rate of employment growth and/or in... Read article
Unemployment rate edges over 4 per cent despite solid employment growth, albeit only in part-time jobs. Vacancies and wages moderate, consistent with a gradual softening in the labour market. A rapid fall in the rate of employment growth and/or in... Read article
BCEC Monthly Labour Market Update – March 2024
— Labour market remains strong, with few signs yet of the softening in labour demand anticipated as a result of higher interest rates. — — Resilience underscored as headline unemployment rate remains below 4 per cent, along with growth in... Read article
— Labour market remains strong, with few signs yet of the softening in labour demand anticipated as a result of higher interest rates. — — Resilience underscored as headline unemployment rate remains below 4 per cent, along with growth in... Read article
BCEC Monthly Labour Market Update – February 2024
— Employment jumps by 116,500 workers in February, or 0.8 per cent in a single month. — — Headline unemployment rate tumbles back to 3.7 per cent, down from 4.1 per cent in January. — — Robust labour market erodes... Read article
— Employment jumps by 116,500 workers in February, or 0.8 per cent in a single month. — — Headline unemployment rate tumbles back to 3.7 per cent, down from 4.1 per cent in January. — — Robust labour market erodes... Read article
BCEC Monthly Labour Market Update – January 2024
— Unemployment rate inches over 4 per cent for first time in two years. — — Other major labour market aggregates largely unchanged. — — Fall in vacancies gaining momentum in eastern seaboard. — Is the Australian labour market holding... Read article
— Unemployment rate inches over 4 per cent for first time in two years. — — Other major labour market aggregates largely unchanged. — — Fall in vacancies gaining momentum in eastern seaboard. — Is the Australian labour market holding... Read article
BCEC Monthly Labour Market Update – December 2023
— Volatile employment figures show 65,100 jobs shed in December. — — Other indicators suggest this overstates the rate at which the labour market is weakening. — — Expect interest rates to stay on hold when the Reserve Bank Board... Read article
— Volatile employment figures show 65,100 jobs shed in December. — — Other indicators suggest this overstates the rate at which the labour market is weakening. — — Expect interest rates to stay on hold when the Reserve Bank Board... Read article
BCEC Monthly Labour Market Update – November 2023
– Surprise pre-Christmas jump in full-time employment: up by 0.6% in November – – Participation rate leaps to 67.2 per cent, 0.2ppt – – MYEFO projections banking on deteriorating jobs growth in coming quarters – Jobs figures strong, but estimates... Read article
– Surprise pre-Christmas jump in full-time employment: up by 0.6% in November – – Participation rate leaps to 67.2 per cent, 0.2ppt – – MYEFO projections banking on deteriorating jobs growth in coming quarters – Jobs figures strong, but estimates... Read article
BCEC Monthly Labour Market Update – October 2023
– Inflation and interest rates to stay high for longer – – Labour market stubbornly resilient, as jobs grow by 55,000 nationally – – Real wages to keep falling in coming quarters – Jobs data in line with revised expectations... Read article
– Inflation and interest rates to stay high for longer – – Labour market stubbornly resilient, as jobs grow by 55,000 nationally – – Real wages to keep falling in coming quarters – Jobs data in line with revised expectations... Read article
BCEC Monthly Labour Market Update – September 2023
— Labour market weakens, but headline unemployment rate falls. — — Exodus of males from the labour force as male participation rate falls 0.7ppt to 71.0 per cent; female participation rate returns to 62.7 per cent record high. — —... Read article
— Labour market weakens, but headline unemployment rate falls. — — Exodus of males from the labour force as male participation rate falls 0.7ppt to 71.0 per cent; female participation rate returns to 62.7 per cent record high. — —... Read article
BCEC Monthly Labour Market Update – August 2023
— Strong growth in part-time jobs keeps unemployment rate steady at 3.7 per cent as participation rises. — — Female employment rebounds from July slide. — — Australia’s labour force participation rate hits all time high of 67.0 per cent.... Read article
— Strong growth in part-time jobs keeps unemployment rate steady at 3.7 per cent as participation rises. — — Female employment rebounds from July slide. — — Australia’s labour force participation rate hits all time high of 67.0 per cent.... Read article
The Bankwest Curtin Economics Centre team acknowledges the Wadjuk Nyungar people as the traditional owners of the land on which the Centre is situated.