{"id":15454,"date":"2017-06-16T20:52:38","date_gmt":"2017-06-17T00:52:38","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15454"},"modified":"2017-06-16T20:52:38","modified_gmt":"2017-06-17T00:52:38","slug":"australia-jobs-surge","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/16\/australia-jobs-surge\/","title":{"rendered":"Australia: Jobs surge"},"content":{"rendered":"

The May 2017 ABS Labour Force Survey<\/a> surprised to the upside, with employment increasing by 42,000 over the previous month (full-time jobs even better at +52,100). These are seasonally adjusted figures and the trend estimates are more modest at 25200 jobs.<\/p>\n

\"Australia<\/p>\n

Seasonally adjusted hours worked also jumped, reflecting an annual increase of 2.3%.<\/p>\n

\"Australia<\/p>\n

The Australian Dollar surged as a result of the impressive numbers but Credit Suisse warns<\/a> that there may be some issues with the latest strong NSW estimates:<\/p>\n

By state, the gains in full-time employment were particularly strong in NSW…..<\/p>\n

But beware the sample rotation bias ….the ABS has confessed that for the sixth time in seven months, it has rotated the sample in favour of higher employment-to-population cohorts. Officials report that this has had a material impact on the NSW employment outcomes.<\/p><\/blockquote>\n

If the numbers are correct, there are only two areas that could account for the job growth: apartment construction and infrastructure. The former is unlikely to last and the latter, while an important part of the recovery process, are also not a permanent increase.<\/p>\n

I would prefer to wait for confirmation before adjusting my position based on a single set of numbers.<\/p>\n

\n

One swallow does not make a spring, nor does one day.\n<\/p>\n

\n~ Aristotle\n<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The May 2017 ABS Labour Force Survey surprised to the upside, with employment increasing by 42,000 over the previous month (full-time jobs even better at +52,100). These are seasonally adjusted figures and the trend estimates are more modest at 25200 jobs. Seasonally adjusted hours worked also jumped, reflecting an annual increase of 2.3%. The Australian … <\/p>\n

Continue reading “Australia: Jobs surge”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,46],"tags":[1960,2362],"class_list":["post-15454","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-deficit-spending-employment","tag-job-gains","tag-monthly-hours-worked"],"yoast_head":"\nAustralia: Jobs surge - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Jobs surge - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The May 2017 ABS Labour Force Survey surprised to the upside, with employment increasing by 42,000 over the previous month (full-time jobs even better at +52,100). 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While the recovery appears healthy, monthly hours worked (seasonally adjusted) decreased by 4.9% in January 2021 and is down 5.7% over the past 12\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40752,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/02\/04\/gold-falls-as-jobs-rise\/","url_meta":{"origin":15454,"position":1},"title":"Gold Falls as Jobs Rise","author":"Colin Twiggs","date":"February 4, 2023","format":false,"excerpt":"Gold plunged below $1900 per ounce on a stronger than expected jobs report that raised the specter of further rate hikes (and a stronger Dollar). The reported 517,000 gain in employment is the seasonally adjusted number, based on statistical smoothing (orange below). The unadjusted number (gray) shows a seasonal loss\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Spot Gold","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-02-03-gold.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-02-03-gold.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-02-03-gold.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":45147,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/11\/04\/us-job-growth-falls-unemployment-close-to-recession-warning\/","url_meta":{"origin":15454,"position":2},"title":"US job growth falls, unemployment close to recession warning","author":"Colin Twiggs","date":"November 4, 2023","format":false,"excerpt":"Jobs growth dipped to a seasonally adjusted 150,000, according to the BLS Labor Report, suggesting that economic growth is slowing. Unemployment lifted to 6.5 million, but still well below job openings at 9.5 million, indicating a tight labor market. The unemployment rate lifted to 3.9%, 50 basis points above recent\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Jobs Growth","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-03-jobs.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-03-jobs.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-03-jobs.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":19450,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/15\/asx-200-diverges-from-fundamentals\/","url_meta":{"origin":15454,"position":3},"title":"ASX 200 diverges from fundamentals","author":"Colin Twiggs","date":"November 15, 2019","format":false,"excerpt":"Seasonally adjusted labour force estimates show a decline in October 2019: Employment decreased by 19,000 to 12,919,200 people (full-time -10,300 and part-time -8,700). Unemployment rate increased by 0.1 pts to 5.3%. Monthly hours worked in all jobs decreased by 2.8 million hours to 1,783.9 million hours. The leading indicator of\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50190,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/03\/21\/asx-200-rallies-as-unemployment-falls\/","url_meta":{"origin":15454,"position":4},"title":"ASX 200 rallies as unemployment falls","author":"Colin Twiggs","date":"March 21, 2024","format":false,"excerpt":"The ASX 200 recovered above 7700 yesterday, the higher Trend Index trough indicating strong buying pressure. Follow-through above 7800 would confirm a fresh advance, with a target of 8000. 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