Saturday, October 20, 2012

Weekend Quiz

This week Conus Consulting posted a hypothetical on what it would mean for the unemployment rate in FNQ if the participation rate fell to the Queensland rate:
Were we to see the participation rate fall to the average level of QLD (66.5) then the unemployment rate in FNQ would currently stand at just 5.1%!
The other region in Queensland which stands out with a high unemployment rate is Wide Bay - Burnett. The participation rate in Wide Bay is a rather dismal 56.3%.

So, what would the unemployment rate be in Wide Bay if the participation rate was the same as FNQ?  

http://www.abs.gov.au/ausstats/abs@.nsf/mf/6291.0.55.001?OpenDocument

Answer = 35%

No comments:

Post a Comment