LABOR MARKET – VICTORIA

Jobless rate in Victoria to hit 7.3%

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Original article by Peter Martin
The Age – Page: 4 : 11-Nov-14

Macroeconomics forecasts that the unemployment rate in Victoria will reach 7.3 per cent in the 2016-17 financial year. This compares with the state’s current trend unemployment rate of 6.8 per cent. The firm’s projections also show the Australian Government will record a Budget deficit of $A47.8bn in 2014-15, while the Government itself has forecast a deficit of just $A29.8bn

CORPORATES
MACROECONOMICS.COM.AU PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE

Jobless rate at 13-year high as poll looms

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Original article by Peter Martin, Josh Gordon
The Age – Page: 4 : 7-Nov-14

Data from the Australian Bureau of Statistics shows that the unemployment rate in Victoria was 6.8 per cent in October 2014. It has remained at around this level for the last four months, and compares with a national jobless rate of 6.2 per cent. The jobs data presents a challenge for the State Government ahead of the election on 29 November. The state’s unemployment rate was just 4.9 per when the Coalition was elected in 2010

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, VICTORIA. DEPT OF PREMIER AND CABINET, VICTORIA. DEPT OF TREASURY AND FINANCE, FAIRFAX MEDIA LIMITED – ASX FXJ, IPSOS AUSTRALIA PTY LTD, AUSTRALIAN LABOR PARTY