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Employing the jobs data: what conclusions can be drawn?

Auscap Asset Management

Auscap Asset Management

In the middle of the biggest decline in Australia’s terms of trade in decades, the unemployment rate has actually dropped from 6.2% a year ago to 5.8% in January 2016. What’s more, the participation rate has been holding steady at around 65.2%, slightly above the 65.1% average of the last ten years and well above the 40 year average of 63.1%. To many, the resilience of Australia’s employment statistics has been a considerable surprise given declining commodity prices and a retracement in business capital expenditure on major new projects, both of which have had a considerable impact on Australia’s gross domestic product (GDP). So what conclusions (if any) can be drawn from this data? We take a closer look in our March Newsletter found here: (VIEW LINK)

Auscap Asset Management is a value-based Australian equities manager founded in 2012. Auscap manages the Auscap Long Short Australian Equities Fund which targets solid absolute risk-adjusted returns, looking to invest in companies that generate...

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