The ABS released its quarterly job vacancies report and for the three months to May and the results are below:
MAY KEY FIGURES
May 2012 |
Feb 2012 to May 2012 |
May 2011 to May 2012 | ||
‘000 |
% change |
% change | ||
| ||||
Trend Estimates | ||||
Private sector |
158.6 |
-2.6 |
-5.8 | |
Public sector |
16.1 |
-3.1 |
-9.2 | |
Private and public sectors |
174.7 |
-2.6 |
-6.1 | |
|
Here’s a chart by sector:
That’s a fall in just about everything but construction and education. The ABS unemployment figure would have bounced to around 5.8% in the latter part of last year and early this year had the participation rate not fallen. It appears that growth in the jobs market is weaker this year than it was last, so unless we see more falls in the participation rate, and all things being equal, unemployment must climb ahead, assuming there is sense in the ABS figures.
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