/ The Institute for Private Enterprise is a think-tank promoting increased private enterprise and smaller governments except for defence to protect society.
Day

September 10, 2015

10
Sep
2015

Employment Grows Faster than Budget Forecast

The August ABS Labour Force figures show an encouraging growth of 2.0% s.adj in employment over the past twelve months. This is faster than the 2015-16 budget forecast (1.5%) and than the growth in the working age population of 1.5%. This means that there has been a significant increase (2.2%) in the participation rate ie the proportion of the working age population which is employed or actively looking for work.