Month: February 2015

Gold Coast Labour Market Profile & Unemployment

Australia – Gold Coast Labour Market Profile & Unemployment

Gold Coast Region – Employment Statistics
Source: ABS Regional Survey Data: 6291.0.55.001 – Labour Force, Australia, Detailed.
Period: October 1998 to January 2015 (n=196)
Release Date: 19 February 2015

ABS Gold Coast Region

Unemployment rate – January 2015 – 4.6%
Unemployment Rate – twelve month moving average – 6.0%
Unemployment Rate – series average from Oct 1998 – 5.9% (n=196)

Gold Coast Labour Force

Employed – January 2015 – 301,586
Unemployed – January 2015 – 14,612
Labour Force – 316,198

Gold Coast Participation Rates

Participation Rate – current month – 67.4 %
Participation Rate – 12 month moving average – 67.3 %
Participation Rate – series average – 64.7 %

Gold Coast Youth Unemployment – Jan 2015 – [15 – 24 year olds] (Original)

Youth Unemployment Rate – 12.0 %
Youth Unemployment – last 12 months – moving average – 14.6 %
Youth Unemployment – series average – 11.6 %

Participation Rate – January 2015 – 74.5 %
Participation Rate – 12 month moving average – 74.7%
Participation rate – series average – 75.7 % (n=196)

Gold Coast – Historical: High & Lows

Unemployment Rate – highest recorded – Oct 1998 + March 2001 – 9.9 %
Unemployment Rate – lowest recorded – Jan 2008 – 2.2 %

Gold Coast Seasonality – Average Unemployment Rate by month

Month          Jan    Feb   Mar   April    May    June    July    Aug   Sept   Oct    Nov    Dec
Average %    5.6     6.4    6.5     6.2     6.3      6.1      5.6    5.9    5.9     5.7    5.5     5.5
Category:     low    high  high    high   high     –         low     –         –         –     low    low

High = equal to or above 6.2%; Low = equal to or below 5.6; Normal above 5.6 but below 6.2.
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Definitions

Labour Force: The labour force is defined as the number of people employed plus the number unemployed but seeking work.
Moving Average: The moving average is calculated as: the sum of the previous twelve monthly results divided by 12.
Participation Rate: The labour force participation rate (%) is the labour force (employed and unemployed) as a percentage of the usually resident civilian population aged 15 years and over (ABS 2011). Individual participation choices can be influenced by a range of social and economic factors, including education and training, availability of childcare, workplace culture, workplace policies and procedures, and employer attitudes (DIIRD 2008).

Source: ABS 6291.0.55.001 Labour Force Detailed – status by Region (ASGS, SA4), sex and age; Table 16 and Data cube RM1

http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6291.0.55.001Jan%202015?OpenDocument

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