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Delta distorts another labour result; OECD policy advice

This week’s big data release was the August labour force report, where lockdowns continued to distort some of the headline data. This produced the disconcerting combination of another fall in the unemployment rate – this time to 4.5 per cent, its lowest rate since late 2008 – alongside a drop in employment of more than 146,000 people and a 3.7 per cent slump in hours worked. The explanation for this peculiar blend of outcomes was another big decline in the participation rate as the size of the Australian labour force shrank for a second consecutive month. ....

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Consumer sentiment plummets in NSW as other states stand firm: Westpac

2 minute read object(stdClass)#17967 (8) { [ image intro ]=> string(54) images/articleimages-391x261/850x492/Bill-Evans-ad.jpg [ float intro ]=> string(0) [ image intro alt ]=> string(61) Consumer sentiment plummets in NSW as other states stand firm [ image intro caption ]=> string(0) [ image fulltext ]=> string(0) [ float fulltext ]=> string(0) [ image fulltext alt ]=> string(0) [ image fulltext caption ]=> string(0) } John Buckley A A The Westpac-Melbourne Institute Index of Consumer Sentiment rose by 1.5 per cent to 108.8 in July, up from 107.2 in June, even as the state of New South Wales was thrust into preliminary lockdown restrictions from 5 July.  Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778434582-0 ); }); } Advertisement The survey, which was conducted between 5 and 9 July, shows tha ....

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