DEEWR Monthly Leading Indicator of Employment - July 2011
Date published :
6
July
2011
DEEWR's Monthly Leading Indicator
of Employment has fallen for the third consecutive month in July
2011 after three consecutive monthly increases previously. The
result for May 2011 was revised from a rise to a fall as a result
of data revisions. It is still too early to confirm a prospective
slowing in employment growth, to a rate below its revised long-term
trend of 2.0 per cent per annum, because the Leading Indicator has
fallen for fewer than six consecutive months. Cyclical employment
has now fallen for the (revised) fifth consecutive month.
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