Daily Bulletin

Men's Weekly

.

  • Written by Sunanda Creagh, Editor, The Conversation

In relation to this FactCheck on participation in the job market, a spokesman for Brendan O'Connor said:

You’ll see in the screen grab (figure 1), which is sourced from the ABS (Table 1, Participation rate – seasonally adjusted), that the participation rate did indeed fall from 64.9% in July 2016, to 64.7% in August 2016 and then to 64.5% in September.

image Table 1, Participation rate – seasonally adjusted Australian Bureau of Statistics

At no stage under former Labor Government (which managed the GFC) did the participation rate drop to 64.5%. Prior to the Abbott-Turnbull administration, which has overseen a participation rate of 64.5% for 4 separate months the participation rate had not been that low since April 2006 under the Howard Government.

Under Malcolm Turnbull the participation rate has dropped 0.5% in a year. That’s a drastic fall for such a period.

The ABS defines the participation rate as (figure 2) “The labour force participation rate is defined as the labour force (persons employed or unemployed) expressed as a percentage of the population.”

The RBA defines the participation rate as “It measures the share of the working-age population either working or looking for work.”

As such, a lower participation rate indicates the share of the working-age population is lower or have stopped looking for work.

Of course Brendan’s language should be viewed through the lens of a 53,000 fall in FT jobs last month and over 100,000 since the beginning of the year.

Authors: Sunanda Creagh, Editor, The Conversation

Read more http://theconversation.com/full-response-from-a-spokesman-for-brendan-oconnor-67553

Business News

Improving Leadership Skills Through Business Coaching

Good leadership has nothing to do with knowing everything. It's about being open to learning, making intelligent choices, and getting the best out of those around you. No matter if you work with a ...

Daily Bulletin - avatar Daily Bulletin

How to Choose the Right Business Networking Event in Brisbane for You

In Brisbane, there’s no shortage of business networking events that can help you grow your business, connect with key professionals, and discover new opportunities.  But with so many options, how d...

Daily Bulletin - avatar Daily Bulletin

Critical Commercial Electrician Services Your Business Can't Afford to Ignore

Being a business owner in Australia means you have your work cut out for you. From managing employees to keeping customers happy, you've got your hands full. The last thing you need is electrical i...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals