Tuesday, September 11

DEEWR leading indicator

The September DEEWR leading indicator of employment has been released. According to DEEWR,

DEEWR’s Monthly Leading Indicator of Employment (Indicator) has risen for the second consecutive month in September 2012, after falling for seven consecutive months previously. It is too early to confirm that a renewed quickening in the pace of employment growth above its long-term trend rate of 1.7 per cent per annum is in prospect, because the Indicator has risen for fewer than six consecutive months. Cyclical employment, which appeared to have reached an inflexion point recently, has resumed its downward trajectory (having now fallen for nineteen consecutive months).

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