WHAT'S NEW IN THE LABOUR FORCE
REVISED POPULATION REBENCHMARKS
The latest available Estimated Resident Population data has been incorporated into revised population benchmarks which underpin the compilation of the Labour Force series. Labour Force series from January 2014 to October 2015 have been revised in original terms, with related revisions to seasonally adjusted and trend data. Revised series (including data up to the October 2015 reference month but prior to the inclusion of the November 2015 data), were released on 3 December 2015 in the October 2015 issue of Labour Force, Australia - Rebenchmarked Estimates (cat. no. 6202.0.55.003). The inclusion of the November 2015 data in this issue will result in further revisions to the seasonally adjusted and trend data as a result of the usual concurrent seasonal adjustment process.
NEW LABOUR FORCE OUTPUTS
New data measuring monthly underutilisation have been released with the November 2015 issue of Labour Force, Australia, in spreadsheet tables 24 and 25. This data is on the same conceptual basis as the existing quarterly measures of underutilisation. However, since the monthly data is only available from July 2014, seasonally adjusted and trend data on a monthly basis will not be available until mid 2017. A minimum of three years of data are generally required before seasonality can be reliably determined. At the same time in mid 2017, the scope of underemployment (which is one component of underutilisation) will be expanded to include those who are employed on a full-time basis and have sought and are available for additional hours.
To assist in the initial interpretation and use of the monthly underutilisation data, a brief article is available electronically with this release.
Further new outputs will be released with the November 2015 releases of Labour Force, Australia, Detailed - Electronic Delivery (cat. no. 6291.0.55.001) and Labour Force, Australia, Detailed, Quarterly (cat. no. 6291.0.55.003). These new outputs will be added to these releases on 23 December 2015, rather than with the main release on 17 December. New outputs attached to these products will include information relating to:
- monthly Full-time / part-time job search
- quarterly Volume measures of labour underutilisation
- quarterly Retrenchment
- quarterly Sector of main job (public / private).
A brief article will be released for each of the new items to assist in the initial interpretation and use of the data.
The new Status in Employment classification (which includes information on leave entitlements) was introduced in the July and August 2015 issues of Labour Force, Australia, Detailed - Electronic Delivery (cat. no. 6291.0.55.001) and Labour Force, Australia, Detailed, Quarterly (cat. no. 6291.0.55.003), respectively.
New outputs relating to educational attainment and educational attendance will not be included with the information published on December 23, as the data are undergoing further quality assurance, prior to their release. The ABS intends to release this data in the first half of 2016.