Wednesday, January 25, 2012

Unemployment falls

The volatile unemployment rate for the Far North has taken a big fall in December down to 6.5%.

The prominent feature this month was that the male unemployment rate fell to 5.1% which is the lowest since October 2008. The estiated number of males employed is also the highest since that month. The trend in the male unemployment rate since last years big wet has been quite positive.

On the other side of the gender divide female employment is languishing with an extremely low participation rate of 59.9% the lowest  recorded for the Far North. Ricardian Ambivalence also commented on similar trends following last weeks national employment data and suggests the retail malaise may be impacting female employment.

1 comment:

  1. I hope this doesn't affect how much both sides will promise to lavish on FNQ if elected.