{"id":16018,"date":"2017-10-19T05:52:18","date_gmt":"2017-10-19T05:52:18","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16018"},"modified":"2017-10-19T05:52:18","modified_gmt":"2017-10-19T05:52:18","slug":"australia-employment-data-points-to-recovery","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/10\/19\/australia-employment-data-points-to-recovery\/","title":{"rendered":"Australia: Employment data points to recovery"},"content":{"rendered":"<p>Total hours worked grew at an annual rate of 2.7 percent in September, suggesting an up-turn in GDP growth after the 2011 to 2015 slump.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia: Hours Worked and GDP\" alt=\"Australia: Hours Worked and GDP\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-10-19-aus-hours.png?w=525&#038;ssl=1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total hours worked grew at an annual rate of 2.7 percent in September, suggesting an up-turn in GDP growth after the 2011 to 2015 slump.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,46],"tags":[290,1723,2870],"class_list":["post-16018","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-labor-employment","tag-australia","tag-hours-worked","tag-real-gdp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia: Employment data points to recovery - 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: Employment data points to recovery - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Total hours worked grew at an annual rate of 2.7 percent in September, suggesting an up-turn in GDP growth after the 2011 to 2015 slump.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2017\/10\/19\/australia-employment-data-points-to-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-19T05:52:18+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2017\/2017-10-19-aus-hours.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/10\\\/19\\\/australia-employment-data-points-to-recovery\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/10\\\/19\\\/australia-employment-data-points-to-recovery\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Australia: Employment data points to recovery\",\"datePublished\":\"2017-10-19T05:52:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/10\\\/19\\\/australia-employment-data-points-to-recovery\\\/\"},\"wordCount\":28,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2017\\\/10\\\/19\\\/australia-employment-data-points-to-recovery\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2017\\\/2017-10-19-aus-hours.png\",\"keywords\":[\"Australia\",\"hours worked\",\"Real GDP\"],\"articleSection\":[\"Australia &amp; 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In fact, growth has been pretty lean over the last 5 years, except for the period January 2015 to February 2016. High commodity prices in 2004 to 2008 and 2010 to 2011 coincide\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6471,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/14\/labor-productivity-can-be-misleading\/","url_meta":{"origin":16018,"position":1},"title":"Labor productivity can be misleading","author":"Colin Twiggs","date":"December 14, 2012","format":false,"excerpt":"We are frequently bombarded with labor productivity statistics such as output per hour worked and unit labor costs -- normally accompanied by political hand-wringing exhorting us to improve productivity -- but how accurate are these statistics and what do they mean? First let's look at GDP per capita. This should\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43107,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/07\/20\/australia-low-unemployment-warns-of-higher-interest-rates\/","url_meta":{"origin":16018,"position":2},"title":"Australia: Low unemployment warns of higher interest rates","author":"Colin Twiggs","date":"July 20, 2023","format":false,"excerpt":"The Australian labor market remains tight, with unemployment failing to budge from 3.5% in June. Monthly hours worked totaled 1,947 million in June. The 0.3% increase over May -- or 3.6% annualized -- is lower than the 4.7% increase over the past 12 months, suggesting that real GDP growth may\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian Unemployment, June 2023","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-19-aus-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-19-aus-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-19-aus-u3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-07-19-aus-u3.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":54477,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/14\/54477\/","url_meta":{"origin":16018,"position":3},"title":"Australian households feel the pain","author":"Colin Twiggs","date":"June 14, 2024","format":false,"excerpt":"Australian unemployment increased to 4.0% in May but that's not the full picture. Unemployment declined to 4.0% from 4.1% in April, but the trend increased to 4.0% from 3.9%. Increases remain low compared to pre-pandemic rates of unemployment. Underemployment and trend both remained steady at 6.7%. Again, rates are lower\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Unemployment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-13-aus-u3.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":48609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/20\/will-the-rba-cut-first\/","url_meta":{"origin":16018,"position":4},"title":"Will the RBA cut first?","author":"Colin Twiggs","date":"February 20, 2024","format":false,"excerpt":"Recent articles in Macrobusiness and the ABC suggest that the RBA is likely to cut interest rates early, ahead of the Fed. Their conclusions are based on a February 16 research note by Gareth Aird at Commbank Divergence between the Australian and US consumer which provides some excellent charts: The\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Fed Funds Rate & RBA Cash Rate","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63542,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/04\/rba-admits-its-mistake\/","url_meta":{"origin":16018,"position":5},"title":"RBA Admits Its Mistake","author":"Colin Twiggs","date":"February 4, 2026","format":false,"excerpt":"Key Points The RBA raised its cash rate target by 25 basis points to 3.85%. The consumer price index jumped to 3.8% for the 12 months to December 2025. The unemployment rate fell to a seasonally-adjusted 4.1%. The ASX 200 found support at 8800. The RBA increased its cash rate\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian CPI & Trimmed Mean CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-03-aus-cpi-tm.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-03-aus-cpi-tm.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-03-aus-cpi-tm.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-03-aus-cpi-tm.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16018"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16018\/revisions"}],"predecessor-version":[{"id":16021,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16018\/revisions\/16021"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}