Last Thursday (November 12, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for November 2024. I was unable to get the data in time due to where I was when it was released so I held over my. usual report until today. The latest data release shows that employment…
Labour Force
Today (November 14, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for October 2024, which shows that employment growth was very weak and may signal that the labour market is finally slowing in line with overall spending and GDP growth. Employment growth failed to keep pace with the underlying…
On April 5, 1933, US President Roosevelt made an executive decision to create the – Civilian Conservation Corps (CCC) – which was a component of the suite of government programs referred to as the – New Deal – that defined the Federal government’s solution to the mass unemployment that arose during the early years of…
Today (October 17, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for September 2024, which shows that the labour outlook shifted towards the positive in September 2024. Employment growth was above the year’s average and was biased towards the net creation of full-time jobs and underemployment fell. The unemployment…
For all those Europhile progressives who have held out that reform is the way to deal with the neoliberalism of the European Union and even, in some cases, claimed that the austerity mindset was over (once the fiscal rules enshrined in the Stability and Growth Pact were temporarily suspended during the pandemic), the behaviour of…
This week, the Australian government (Labor) did the unthinkable. It approved three thermal coal mine expansions in NSW – the Environment Minister approved the expansion of the Whitehaven Coal mine until 2044, the Mount Pleasant mine until 2048 and the Ravensworth mine until 2032. For a government that claims to hold superior ‘green’ credentials to…
Today (September 19, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for August 2024, which shows that the labour outlook might be about to change despite the on-going employment growth. Employment growth was biased towards part-time jobs as full-time employment fell. The unemployment rate was slightly lower (decimals) as…
Today (August 15, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for July 2024, which shows that the labour outlook continues to remain positive. Employment growth was relatively strong and biased towards full-time jobs. The unemployment rose by 0.1 point to 4.2 per cent but only because the participation…
The financial markets around the world have over the last week demonstrated, once again, that they are subject to wild swings in irrationality despite mainstream economists holding out the idea that these sorts of transactions exhibit pure rationality. Some of the capital movements are explained by a shift in the interest rate spread between Japan…
Today (July 18, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for June 2024, which shows that the labour outlook has improved somewhat from the last several months of plodding along not sure which way to turn. While it has been difficult to make any definitive conclusions about where…