Go to the ABS website ( Look under the links
‘Statistics’, ‘Catalogue Number’, ‘6.’, ‘62’, ‘6202.0.55.001’, ‘Downloads’,
‘Table 02’.
a. What are the latest monthly data on the size of the
Australian civilian labour force, on the number of unemployed and on the
unemployment rate?
b. How many people are employed? What is the proportion of
part-time employment? How has that proportion changed over the past 20 years?
What would be the implication of that changing proportion for the natural rate
of unemployment?
c. Calculate the change in the number of unemployed from the
first number available in ABS, cat. no. 6202 to the most recent month. Do the
same for the number of employed workers. Is the decline in unemployment equal
to the increase in employment? Explain in words.