Question #256

In the February Labour Force data for Australia released last Thursday, we learned that employment grew by only 400 in net terms during the month of February. Other highlights were that unemployment rose by 10,700 and that the labour force participation rate fell by 0.1 per cent indicating a rise in the proportion leaving the labour force. Taken together this data tells you that

• The labour force grew faster than employment but not as fast the working age population.
• The working age population grew faster than employment and offset the decline in the labour force arising from the drop in the participation rate.
• The labour force grew faster than employment but you cannot tell what happened to the working age population from the information provided.

Answer #1778

Answer: The labour force grew faster than employment but not as fast the working age population.

Explanation

Please see The white hot labour market just went a tad cool for more information or post a comment.