LABOR MARKET – AUSTRALIA

Australian unemployment down in January to 9.8% as full-time employment increases to new record high despite shrinking workforce

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Feb-15

A Roy Morgan survey on Australia’s unemployment and under-employed shows that the real unemployment rate fell to 9.8 per cent in January 2015. This compares with an official unemployment rate of 6.1 per cent in December 2014. The total workforce has fallen by 127,000 to 12,627,000 since January 2014, and the number of Australians who are under-employed has fallen by 72,000 to 1,033,000 in the last 12 months. Roy Morgan Research executive chairman Gary Morgan notes that more than 2.27 million Australians are either unemployed or under-employed, and the Federal Government must look seriously at industrial relations reform

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Chance of rate cuts recede

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Original article by Vesna Poljak, Joanna Heath
The Australian Financial Review – Page: 1 & 6 : 16-Jan-15

New figures show that 37,400 jobs were created in Australia during December 2014, with the unemployment rate easing to 6.1 per cent. The general consensus of economists was that about 5,000 jobs had been created. The labour market figures may weaken the case for further easing of monetary policy, with Michael Blythe of the Commonwealth Bank forecasting that the cash rate will remain unchanged in 2015. However, the ANZ Bank expects two rate cuts in the next year

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN LABOR PARTY, WORLD BANK, LIBERAL-NATIONAL PARTY OF QUEENSLAND, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, WATPAC LIMITED – ASX WTP, AUSTRALIAN BUREAU OF STATISTICS

Jobs goal slips out of PM’s reach

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Original article by David Crowe
The Australian – Page: 1 & 2 : 15-Jan-15

Approximately 11,700 jobs were created each month in the Australian Government’s first year in office. During the 2013 election campaign the Coalition committed to a five-year target of creating one million new jobs. The Government seems unlikely to achieve this goal, which would require some 18,000 new jobs to be created each month over the next four years. Economists are divided as to whether the job creation target can be achieved

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD, HSBC AUSTRALIA HOLDINGS PTY LTD, DEUTSCHE BANK AG, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH

Australian employment at record high in December driven by a record high level of part-time employment

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Jan-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 10.9 per cent in December 2014. The number of people in the workforce now totals a record 12,901,000 (up 266,000 since December 2013), while the number of people who are underemployed has risen by 154,000 in the last 12 months to 1,246,000 (9.7 per cent). The official unemployment rate was 6.2 per cent in November. Roy Morgan Research executive chairman Gary Morgan says the high level of unemployment and underemployment means the Federal Government must look seriously at industrial relations reform

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, RESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED

Robots to take 500,000 jobs

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Original article by Jacob Greber
The Australian Financial Review – Page: 7 : 10-Dec-14

The Department of Industry’s "Australian Industry Report 2014" suggests that many white-collar jobs that involve routine tasks could automated in coming years. These include roles such as accountants, bank tellers, supermarket cashiers and pharmacists. Some 78.6 per cent of people in roles that are risk from automation hold a university degree. A report in 2013 found that around 47 per cent of jobs in the US could potentially be replaced by automation

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, AUSTRALIA. PRODUCTIVITY COMMISSION, OXFORD UNIVERSITY. OXFORD MARTIN SCHOOL

Fewer Australians work or look for work as workforce shrinks to just over 12 million in October

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Nov-14

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate fell by 0.8 per cent to 9.1 per cent in October 2014. The workforce fell by 215,000 to 12,00,000 in total, and the number of people who were underemployed rose by 102,000 to 9.3 per cent. The official unemployment rate was 6.2 per cent in September. Roy Morgan Research executive chairman Gary Morgan notes that October was the 29th straight month in which more than one million Australians were unemployed, as well as the 35th successive month in which more than two million people have been either unemployed or underemployed

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA

Education growing as place for jobs

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Original article by Shane Wright
The West Australian – Page: 20 : 19-Sep-14

The Australian employment market is changing. In the three months to August 2014, for the first time there were more people employed in education and training than manufacturing. In Western Australia (WA), education surpassed manufacturing nearly three years before. In WA, there were fewer than 96,000 people directly employed in mining, the lowest number since mid-2011. There were 152,000 retail workers, 150,000 healthcare workers and over 34,000 in the real estate sector

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, COMMONWEALTH SECURITIES LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Wary reaction to jobs data

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Original article by Joanna Heath
The Australian Financial Review – Page: 5 : 12-Sep-14

Data from the Australian Bureau of Statistics (ABS) show that the economy added 121,000 jobs in August 2014. The jobless rate fell from a 12-year high of 6.4 per cent in July to 6.1 per cent. Economists have questioned the accuracy of the data, and Adam Boyton of Deutsche Bank says the Reserve Bank is likely to adopt a similar approach. The ABS changed the way it compiles employment data in July

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS,{SPAC}DEUTSCHE BANK AG,{SPAC}CITIGROUP PTY LTD,{SPAC}RESERVE BANK OF AUSTRALIA,{SPAC}AUSTRALIA. DEPT OF EMPLOYMENT

Drop in unemployment figures mask the job losses recorded in July – Australian workforce in contraction

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Aug-14

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate fell by 0.4 per cent to 10.2 per cent in July 2014. The workforce fell by 141,000 to 12,367,000 in total, and the number of people who were underemployed fell by 109,000 to 8.7 per cent. The nation’s official unemployment rate was six per cent in June. Roy Morgan Research executive chairman Gary Morgan notes that July was the 26th straight month in which more than one million people were unemployed, as well as the 32nd successive month in which more than two million people have been either unemployed or underemployed

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE TREASURY

Graduates face worst job market in 20 years

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Original article by Tim Dodd, Edmund Tadros
The Australian Financial Review – Page: 7 : 30-Jul-14

Data from Graduate Careers Australia (GCA) highlights the challenging employment market for new university graduates. A survey by GCA has found that just 71.3 per cent of bachelor degree graduates had jobs four months after leaving university in 2013, compared with 76.1 per cent in 2012. The decline was particularly acute among law, accounting and civil engineering graduates

CORPORATES
GRADUATE CAREERS AUSTRALIA, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN LABOR PARTY