Thursday, May 12, 2011

Unemployment

The National Labour Force stats today from the ABS are being decribed as weaker than expected and the $AUD is down a couple of cents. Commentary from Adam Carr and Christopher Joye.

However, most of the weakness showed up in NSW while jobs "rose almost 20,000 in Queensland, with the unemployment rate down to 5.2 per cent from 5.5 per cent." Queensland had been very weak in recent months so this gives some optimism that when the regional stats are releaed next week unemployment in the Far North will fall back under 10%.

Warren Entsch claimed on ABC Far North this week that unemployment here was at 14%, unchallenged by Fiona Sewell. The most recent number for March was 10.6%.

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