WHAT'S NEW IN THE LABOUR FORCE
CHANGE TO THE TIMING OF THE MAJOR REBENCHMARKING OF LABOUR FORCE ESTIMATES (ADVICE PREVIOUSLY PUBLISHED IN THE SEPTEMBER 2017 ISSUE)
The ABS has reviewed the timing of when the major rebenchmarking of Labour Force estimates will occur, following the 5-yearly Census rebasing process and revisions to population estimates. Traditionally, this process has occurred more than two years after the Census, to coincide with the availability of final rebased population estimates.
Following the 2016 Census, the ABS has decided, after consultation with a range of key users of Labour Force statistics, to undertake an initial major rebenchmarking to preliminary rebased population estimates, to coincide with the release of Labour Force, Australia - Rebenchmarked Estimates, October 2017 (cat. no. 6202.0.55.003) on 7 December. This will be followed by a second major rebenchmarking a year later, in December 2018.
This approach is consistent with the guiding principle that has underpinned quarterly rebenchmarking since it was introduced in August 2015 - that is, to ensure the best available population information is used in Labour Force benchmarks. It also reflects the increased timeliness in which major rebenchmarking can be undertaken, following the introduction of the quarterly methodology, and increased appetite of users of Labour Force statistics for regular revisions.
The ABS believes that most of the differences between 2011-based and 2016-based benchmarks should be observed in the initial rebenchmarking release, in December 2017. Revisions that will occur in December 2018, when final rebased population estimates are used in a second major rebenchmarking process, should be generally minor.
In this issue of Labour Force, Australia (cat. no. 6202.0), the ABS has continued to use 2011-based Labour Force Survey benchmarks, ahead of the rebenchmarking process in December 2017.
LABOUR FORCE EXPLAINED
Labour Force Explained (http://www.abs.gov.au/websitedbs/D3310114.nsf/home/labour+force+explained) launched on Thursday 26 October 2017, providing basic information on the Labour Force Survey and Labour Force figures. It includes basic information on how employment (and full-time and part-time employment) is measured, measures of unemployment and underemployment, and information on trend and seasonally adjusted data.
More detailed information on these topics can be found in the Explanatory Notes of Labour Force, Australia (cat. no. 6202.0) and in Labour Statistics: Concepts, Sources and Methods (cat. no. 6102.0.55.001).