Friday, March 18, 2011

February Unemployment

The volatile Far North regional ABS employment data has spiked up to a 13% unemployment rate in February. Cyclones and flooding rains have been fingered as the main culprits in the Cairns Post.

The ABS stats estimate a fall of 3,400 in the total employed in the Far North. However, that is in the context of a fall of 22,000 in total employed in Qld for the month. The national stats released last week provide a more detailed break down not included in the regional stats.

Peter Martin posted commentary on the national stats with particular note employment falls mostly in part-time employment, and also weak youth employmment.

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