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Term: Monthly Labour Market UpdateX
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
BCEC Monthly Labour Market Update – July 2023
— Employment stagnates, unemployment rate rises from 3.5 per cent to 3.7 per cent. — — Real wages remain low, little prospect for growth in coming quarters. — — Data only weaker for women, and may not reflect a general... Read article
— Employment stagnates, unemployment rate rises from 3.5 per cent to 3.7 per cent. — — Real wages remain low, little prospect for growth in coming quarters. — — Data only weaker for women, and may not reflect a general... Read article
BCEC Monthly Labour Market Update – June 2023
— NSW unemployment rate hits record low as eastern states continue to drive strong labour market. — — Labour market absorbing growth in the working-age population of 50,000 persons every month, with little sign of labour demand weakening. — —... Read article
— NSW unemployment rate hits record low as eastern states continue to drive strong labour market. — — Labour market absorbing growth in the working-age population of 50,000 persons every month, with little sign of labour demand weakening. — —... Read article
BCEC Monthly Labour Market Update – May 2023
— Eastern seaboard jobs surge defies monetary policy tightening. — — Unemployment rate drops 0.1ppt to 3.6 per cent. — — Labour force participation rate and rate of growth of working-age population hit new highs. — — Odds have shortened... Read article
— Eastern seaboard jobs surge defies monetary policy tightening. — — Unemployment rate drops 0.1ppt to 3.6 per cent. — — Labour force participation rate and rate of growth of working-age population hit new highs. — — Odds have shortened... Read article
BCEC Monthly Labour Market Update – April 2023
— Employment falls and unemployment rate rises, but no clear signs of a slowdown as vacancies and hours worked increase in April 2023. — — Nominal wages rise but real wages continue to fall as wage growth fails to keep... Read article
— Employment falls and unemployment rate rises, but no clear signs of a slowdown as vacancies and hours worked increase in April 2023. — — Nominal wages rise but real wages continue to fall as wage growth fails to keep... Read article
BCEC Monthly Labour Market Update – February 2023
Labour market rebounds with 64,600 new jobs in February, at odds with anticipated weakening. Strong outcome primarily driven by rising employment in Victoria. February’s labour market data makes the Reserve Bank’s next interest rate decision a line call. The soft... Read article
Labour market rebounds with 64,600 new jobs in February, at odds with anticipated weakening. Strong outcome primarily driven by rising employment in Victoria. February’s labour market data makes the Reserve Bank’s next interest rate decision a line call. The soft... Read article
BCEC Monthly Labour Market Update – January 2023
Evidence of downturn builds, but unlikely to save mortgage holders from further pain Can we get inflation under control without driving the economy into recession? That’s the big challenge for Australian policy-makers for 2023. After eight consecutive interest rate rises... Read article
Evidence of downturn builds, but unlikely to save mortgage holders from further pain Can we get inflation under control without driving the economy into recession? That’s the big challenge for Australian policy-makers for 2023. After eight consecutive interest rate rises... Read article
BCEC Monthly Labour Market Update – December 2022
Despite little change, December figures may mark a turning point Nationally, there was minimal movement in the main labour force aggregates in December. Total employment fell marginally, by 14,600 jobs or one tenth of a per cent, the participation rate... Read article
Despite little change, December figures may mark a turning point Nationally, there was minimal movement in the main labour force aggregates in December. Total employment fell marginally, by 14,600 jobs or one tenth of a per cent, the participation rate... Read article
BCEC Monthly Labour Market Update – November 2022
No November pain for employment, only for borrowers Estimates from the Australian Bureau of Statistics (ABS) labour force survey for November show no signs of the anticipated economic downturn. The national labour market managed to absorb a surprising 71,300 new... Read article
No November pain for employment, only for borrowers Estimates from the Australian Bureau of Statistics (ABS) labour force survey for November show no signs of the anticipated economic downturn. The national labour market managed to absorb a surprising 71,300 new... Read article
BCEC Monthly Labour Market Update – October 2022
Jobs up, unemployment down, but real wages keep on falling The Australian labour market remains defiant in the face of rising interest rates, adding 32,000 additional jobs in October. The unemployment rate fell back to 3.4 per cent, equalling the... Read article
Jobs up, unemployment down, but real wages keep on falling The Australian labour market remains defiant in the face of rising interest rates, adding 32,000 additional jobs in October. The unemployment rate fell back to 3.4 per cent, equalling the... 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.