Date
GMT+00:00
Event Value
Jan, 23 23:50
Corporate Service Price Index
Corporate Service Price Index
Country:
Date: Jan, 23 23:50
Importance: Low
Previous: 1.2%
Forecast: -
Actual: -
Period: Dec

Change in the price of services purchased by corporations. It's a leading indicator of consumer inflation - when corporations pay more for services the higher costs are usually passed on to the consumer.

1.2%
Jan, 24 00:30
Participation Rate
Participation Rate
Country:
Date: Jan, 24 00:30
Importance: Low
Previous: 65.7%
Forecast: 65.7%
Actual: -
Period: Dec

A measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases.

65.7%
Jan, 24 00:30
★★
Part Time Employment Change
Part Time Employment Change
Country:
Date: Jan, 24 00:30
Importance: Medium
Previous: -6.4K; 43.4K
Forecast: -
Actual: -
Period: Dec

Modern award usually defines a part-time employee as an employee who is engaged to work less than an average of 38 ordinary hours per week and whose hours of work are reasonably predictable, with a guaranteed minimum number of hours of work. Work is usually performed on regular days of the week. A part-time employee will usually be entitled to the same employment conditions as a full-time employee, but on a pro rata basis compared to the full-time hours (usually 38 per week) prescribed under the applicable industrial instrument.

-6.4K; 43.4K
Jan, 24 00:30
★★★
Employment Change
Employment Change
Country:
Date: Jan, 24 00:30
Importance: High
Previous: 37.0K
Forecast: 17.3K
Actual: -
Period: Dec

Tracks the number of the employed in Australia . The figure appears in the monthly Labour Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.

The headline figure is the annualized percentage change in employed workers.

37.0K
Jan, 24 00:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Jan, 24 00:30
Importance: High
Previous: 5.1%
Forecast: 5.1%
Actual: -
Period: Dec

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

5.1%
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