DEEWR: Monthly Leading Indicator of Employment - February 2012 - Results
Date published :
16
February
2012
RESULTS
DEEWR's Monthly Leading Indicator of Employment
(Indicator) has fallen in February 2012, after rising for five
consecutive months previously. Weaknesses in three of the
Indicator's four components prevented the prospective turning point
of September 2011 from being confirmed this month. It is too early
to confirm that a slowing in employment growth (to a rate below its
downwardly revised long-term trend of 1.7 per cent per annum) is in
prospect, because the Indicator has fallen for fewer than six
months. In comparison, cyclical employment has fallen for twelve
consecutive months.
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