Monthly Archives: October 2017
Australian economy grows weakly
Australia’s real Gross Domestic Product (GDP) rose by 2.0 per cent in 2016/17, according to the annual national accounts released by the Australian Bureau of Statistics last Friday. This GDP result is the weakest since 2008/09 (1.9 per cent) when the Global Financial Crisis triggered a global recession.
Disappointing GDP growth was in […]
Unemployment continues to decline
South Australia’s trend unemployment rate fell below 6 per cent in September for the first time since early 2013. ABS Labour Force Survey figures show that the trend unemployment rate fell to 5.8 per cent, down from 6.0 per cent in August. This decline was foreshadowed by a significant fall in the […]
The most significant economic development in South Australia this week will of course be the cessation of local motor vehicle production when Holden ends manufacturing operations at its Elizabeth plant this Friday. About 950 employees will be directly affected by the closure, while additional jobs will be lost through the supply chain. Adjustment to the […]
Building Approvals Rise Strongly
South Australian building approvals rose strongly once again in August, which suggests that activity in the local construction sector should remain quite solid through the remainder of the year. The trend estimate of the total value of building jobs approved rose by 6.9 per cent in August to be up 35 per […]
All Roads leading to Rome? The medium term outcomes of Australian youth’s transition pathways from education
A study recently published by researchers at SACES tested how the pathways young people follow from school into the labour market influence their long-run earnings, personal debt and satisfaction with employment opportunities.
The study by Andreas Cebulla and Steve Whetton analysed data on a cohort of people aged 15 to 24 years in the first year of […]
Population growth remains slow as interstate emigration remains strong
The Australia Bureau of Statistics most recent estimates of resident population for the states and territories show that South Australia continues to endure relatively slow population growth. South Australia’s population grew by 0.6 per cent through the year to the March quarter 2017, down slightly from 0.7 […]