Employment

Macro/Micro economic policies and how they affect the markets

Employment

Postby stonelover » Mon Feb 25, 2008 11:44 am

Labour Force, Australia, Jan 2008
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 14/02/2008

http://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0

JANUARY KEY POINTS
TREND ESTIMATES (MONTHLY CHANGE)

EMPLOYMENT increased to 10,616,800
UNEMPLOYMENT decreased to 473,800
UNEMPLOYMENT RATE remained at 4.3%
PARTICIPATION RATE remained at 65.2%
____________________________________________________

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

EMPLOYMENT
increased by 26,800 to 10,631,000. Full-time employment decreased by 7,800 to 7,587,600 and part-time employment increased by 34,600 to 3,043,400.

UNEMPLOYMENT
decreased by 13,900 to 458,500. The number of persons looking for full-time work decreased by 27,500 to 296,900 and the number of persons looking for part-time work increased by 13,600 to 161,600.

UNEMPLOYMENT RATE
decreased by 0.1 percentage point to 4.1%. The male unemployment rate decreased by 0.4% to 3.7%, and the female unemployment rate increased by 0.2 percentage points to 4.6%

PARTICIPATION RATE
remained steady at 65.2%.



also

Underemployed Workers, Australia, Sep 2007
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 25/02/2008 Released Today

http://www.abs.gov.au/AUSSTATS/abs@.nsf ... num=&view=
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Re: Employment

Postby egilmore » Tue Feb 26, 2008 10:21 am

Another excuse for RBA to increase IR ...cheers eG
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Re: Employment

Postby Tony » Tue Feb 26, 2008 5:23 pm

Hi there,

Despite the news and the interest rate movements, there is a population of people who grunt at suggestion and will blow their wad of loose change thinking they are right, why do some people invest in the stockmarket? I asked a person this recently and I got the answer, 'don't want to miss out on the stockmarket'. Do they realise that superfunds are preparing to give low growth numbers if not negative for the year, and banks are now hiking term deposits?

On the clock, if its not 'Interest Rates Rise' then its 'Tight bank credit - Falling Asset values' on the right we have high 'cash' on the left we have 'low cash'.

What now?

Economic clock noted!
Tony
 

Re: Employment

Postby stonelover » Wed Feb 27, 2008 12:33 pm

Employment in Culture, Australia, 2006
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2008 Released Today

http://www.abs.gov.au/ausstats/abs@.nsf/mf/6273.0/
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Re: Employment

Postby Judd » Mon Nov 10, 2008 9:08 pm

This is a bit of a concern. No reason to assume it will not happen in this country if unemployment increases.

http://www.ft.com/cms/s/0/038472fe-aec9 ... ck_check=1

Retailers see rise in shoplifting as downturn bites

By Robert Cookson

Published: November 10 2008 02:00 | Last updated: November 10 2008 02:00

Britain appears to be suffering a dramatic increase in shoplifting as the economic downturn starts to bite, with Tesco, the country's largest retailer, reporting thefts up by more than a third this year.

Two other big names on the high street - Iceland and Marks and Spencer - have have also revealed that criminal activity is on the rise in their stores.

Fear of a retail crimewave has intensified in recent weeks as retailers, analysts and the government warned that theft would surge as the economy contracted, a trend borne out in previous recessions.

Stephen Robertson, director-general of the British Retail Consortium, said: "Retailers are preparing for an upsurge in offences and are extending crime prevention methods, for example, placing electronic security tags on expensive cuts of meat."

Tesco caught more than 43,000 thieves stealing from its stores in the first half of the year - an increase of 36 per cent from a year earlier.

It also detected a worrying pattern: essential items were being stolen at a faster rate than luxury ones, suggesting that thieves were increasingly motivated by need as opposed to greed.

Mandy Gooding, Tesco's UK head of security, revealed the trend at a conference held by the British Retail Consortium last month to mark the publication of its annual crime survey. While retail crime fell in the 12 months to April, the BRC expects it to spring back rapidly.

Catherine Bowen, the head of crime policy at the BRC, said that although several retailers had reported signs of a shift from "greed to need" crime, it was too early to draw firm conclusions.

"The trend in the past has been for people to steal alcohol and things like that. Whereas we might see an increase in other items such as babyfood."

She said that as the credit crisis developed, people who would not normally buy stolen goods might become tempted to do so, making it much easier for thieves to offload their loot.

Leg of lamb is the most popular item stolen from Iceland, the frozen food specialist, closely followed by cheese, bacon and coffee.

Duncan Miles, its group head of security, said: "Leg of lamb gets stolen the most because it's an easy commodity to sell in pubs and people are always on the lookout for meat."

Iceland, which operates in some of Britain's most deprived areas, is at the sharp end of retail crime: physical attacks on staff are up 33 per cent on last year, and verbal abuse is 70 per cent higher.

Yet it is employees, not members of the public, who may pose the biggest problem for retailers as the economy sours, according to some analysts.

"When people do not feel secure in their job, they are more inclined to take a dishonest opportunity when it comes their way," said Geoffrey Northcott, founder of The Loss Prevention Company.


Edit on 12 November.

Walk outs are not uncommon in retail. We have seen a slight increase, especially in alcohol, but what is more concerning is the threats to staff. Last night, a group simply walked in, loaded up a trolley with cases of alcohol while two of the group threatened to do serious damage to the poor buck (female) behind the counter. Management are now to employ security staff until after the New Year.
Regards
Judd
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Re: Employment

Postby Tony » Fri Nov 21, 2008 6:58 pm

I know this drivethru bottle shop which has a bill board inside door with photos of shoplifters in the act taken from in store camera, and a warning note that they will be noticed.

Alot of richer people now take heed of the economic cycle and do some last minute adjustments, the lucky ones are the survivors with nothing to lose in this business, they are the ones who avoided the stampede.
Tony
 

Re: Employment

Postby benthonic » Fri Jul 03, 2009 4:23 pm

Unemployment is a lagging indicator. participation rates also

there are a lot of hidden stories, and the stats can be misleading (deliberately, manipulatedly so) because lots of people are earning less - no overtime, reduced hours, casual work, part-time, etc. Even forced to use up leave entitlements. Each call is a judgment: can I afford to keep this person/ can I afford to let them go?? It depends how deep the recession is, but the unemployment rate can only go up - some are not tipping a peak until late 2010.

.
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Re: Employment

Postby stonelover » Sun Nov 08, 2009 8:40 am

18 PER CENT OF ARCHITECTS ENDURED SALARY CUTS
http://www.architectureanddesign.com.au ... 0_2009.pdf

BY GEMMA BATTENBOUGH

New research from Jude Farris
recruitment has revealed that
architects were the worst hit
of all the property professions, suffering
pay cuts brought on by the global
financial crisis.

The Jude Farris Market Survey
collated more than 2,000 responses
from property professionals across
Australia, from 2 to 9 October 2009.

Eighteen per cent of architects
endured a pay cut, compared to a 10
per cent average across the property
sector,
the study found. For some,
salaries were cut by as much as 30
per cent, with a further 48 per cent
experiencing a pay freeze.


This compares to pay cuts for 13
per cent of project managers, along
with 12 per cent of construction
professionals.

The number of architects
employed on a contract or temporary
basis plummeted from 13 per
cent in March 2009 to 5 per cent
in
October.

Sixty per cent of firms made
redundancies in the past 12 months,
with the majority cutting their workforce
by up to 5 per cent – a smaller
figure than predicted. In March, 25
per cent of the professionals in the
industry predicted affected firms
would cut 5 to 25 per cent of their
staff. The survey also found that
developers’ in-house architects were
worse hit than practice architects.
However, despite the pay cuts
and redundancies, architects currently
feel safer in their jobs than the
rest of the property industry. While
across the industry, 12 per cent of
people feel insecure in their roles,
only 9.8 per cent of architects voice
the same fears.

Employment opportunities for
architects over the next 12 months
are positive, with the sector predicted
to hire at an above-average rate.
Fifty seven per cent of architecture
firms said they expected to take on
new staff in the coming year.
In March, two thirds of architects
expected to see more redundancies
in their firms, but only 37 per cent of
architects are bracing for further job
losses in 2010.
The majority of architects were
currently engaged on residential
projects (37 per cent), and a further
8.5 per cent were working in the
education sector.

READ MORE, COMMENT...
FOLLOW US ON
http://www.twitter.com/archanddesign
CONTACT US: GEMMA BATTENBOUGH, ARCHITECTURE & DESIGN, TOWER 2, 475 VICTORIA AVE, CHATSWOOD NSW 2067 PHONE: +61 (2) 9422 2599
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Re: Employment

Postby stonelover » Fri Nov 13, 2009 5:41 pm

There is an article in Architecture & Design
carrying the title:

Local job market still sluggish: recruiter

3 November 2009
by Olivia Collings

http://www.architectureanddesign.com.au ... 05414.aspx
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Re: Employment

Postby stonelover » Mon Dec 07, 2009 4:22 pm

Job Advertisements suggest economic recovery on track
7 December 2009
http://www.anz.com/resources/b/d/bda5ed ... 090712.pdf

Highlights

- Job ads on the internet and in newspapers increased by 5.2% in November.
- Newspaper job ads rose by 8.3%, while internet job ads rose by 5.0%.
- Total job advertisements are now 12.3% higher than their recent low point in July
2009, but they remain 34.2% lower than a year ago.
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Re: Employment

Postby stonelover » Fri Feb 12, 2010 2:04 pm

Incredible hype about the Employment figures.
"Oh it has surprised evryone."
"Everything must be OK now.!!!"
Blahh blahh blahh.

Only a few of the more thoughful commentators looking at:
1. Fee cutting;
2. Reduced hours of working;
3. Component of Casual working;
4. Component of unregistered workers;
5. Bankruptcies;
6. The "NOTES" part of ABS reports warning that figures are skewed by government stimulus.

While the Big Financial Workers are PUSHING HARD for increased Interest Rates (it's unrelenting)
I still see an overall reduced cash flow for those that are lucky enough to be employed.
Hence reduced overall income/tax for Aus.

PS. The saying that the Rich are getting richer and the Poor are getting poorer was reinforced yesterday
when I learnt (from the horses mouth) that a certain Jeweller outlet had its best year ever last year.
This particular shop sells items with price tags like $350,000.
In other words the very wealthy have so much spare cash that they seem to have disconnected from the mainstream.
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Re: Employment

Postby stonelover » Tue Jun 01, 2010 11:30 am

THE LOCAL POSTMAN

While the "Big Boys" talk in the millions & billions of dollars going around
the health of the Country still worries me A LOT MORE THAN RBA.

This morning I talked to a Postman and I think this reflects the amount of COST CUTTING
actually going on in this country.

This Postman's contract is up for renewal.
Postman needs to set himself up as a small company:
- own Insurance;
- own vehicle.

He submits his Tender Application for a new Contract and uses the same hourly rate as his last:
$20 per hour.
Australia Post reject it and offer him different Terms.
Postman does his Sums.
Based upon his calculations Australia Post are offering $14.50 per hour.

After watching the recent doco on RBA's dealings in Asia, I remain alarmed at their decisions.
I also remain alarmed at their view on both health of the country and health of Employment.
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