DEEWR Monthly Leading Indicator of Employment - Oct 2011
Date published :
12
October
2011
DEEWR's Monthly Leading Indicator of Employment (Indicator) has
risen in October 2011, after five consecutive monthly falls
previously. However, it is too early to confirm that a quickening
in employment growth (to a rate above its revised long-term trend
of 1.8 per cent per annum) is in prospect, because the Indicator
has risen for fewer than six consecutive months. In contrast,
cyclical employment has now fallen for the eighth consecutive
month, which confirms that the annualised growth rate of employment
is already below its downwardly revised long-term trend.
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