THURSDAY, MARCH 16, 1989
7
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UNEMPLOYMENT, UNDEREMPLOYMENT STATISTICS FOR NOVEMBER JANUARY
THE
FURTHER
WHILE
THE
UNEMPLOYMENT RATE DECLINED UNDEREMPLOYMENT RATE REMAINED AT A VERY LOW LEVEL DURING THE PERIOD NOVEMBER 1988 - JANUARY 1989, ACCORDING TO THE
LABOUR FORCE STATISTICS RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
LATEST
THESE FIGURES SHOW THAT THE TIGHT LABOUR MARKET
CONTINUED.
SITUATION
1988
THE SEASONALLY ADJUSTED UNEMPLOYMENT RATE FOR NOVEMBER
WITH 1.5 PER JANUARY 1989 WAS 1.3 PER CENT COMPARED
CENT FOR THE THREE MONTHS ENDING OCTOBER 1988 AND 1.8 PER CENT FOR THE SAME A YEAR EARLIER.
OF A
PERIOD
THE PREVIOUS THE SAME
BELOW
THE DECREASES OF 0.2 OF A PERCENTAGE POINT BELOW THREE-MONTH PERIOD AND 0.5
PERCENTAGE POINT PERIOD A YEAR EARLIER ARE BOTH STATISTICALLY SIGNIFICANT.
THR
JANUARY THRER
1988 FOR WITH 41,100 FOR THE THRBE MONTHS ENDING
THE NUMBER OF UNEMPLOYED PERSONS IN NOVEMBER 1989 WAS ESTIMATED AT 35,400, COMPARED MONTHS ENDING OCTOBER 1988 AND 48,900 JANUARY 1989.
—
THE UNDEREMPLOYMENT RATE FOR NOVEMBER 1988 JANUARY 1989 0.7 PER CENT, COMPARED WITH 0.6 PER CENT FOR THE THREE OCTOBER 1988. THE RATE FOR NOVEMBER 1987
WAS
MONTHS ENDING JANUARY 1988 WAS 0.9 PER
CENT.
THE INCREASE OF 0.1 OF A PERCENTAGE POINT
STATISTICALLY NOT SIGNIFICANT THREE-MONTH PERIOD 19 DECREASE OF 0.2 OF A PERCENTAGE POINT BELOW THE EARLIER IS STATISTICALLY SIGNIFICANT.
OVER THE PREVIOUS WHILE THE SAME PERIOD A YEAR
OF THE ESTIMATED NUMBER
FOR PERSONS
NOVEMBER
1988
THE THREE 17,000 FOR JANUARY 1989 WAS 19,900, COMPARED WITH
FOR THE THREE MONTHS ENDING MONTHS ENDING OCTOBER 1988 AND 26,000 JANUARY 1988.
UNDEREMPLOYED
CONSISTENT WITH
THE
CURRENT RECOMMENDATIONS
OF
THE
THAN
WORK,
ΤΟ IF THEY
FIND
WERE
INTERNATIONAL LABOUR ORGANISATION (ILO), PERSONS WHO WORKED LESS 35 HOURS A WEEK DUE TO ECONOMIC REASONS (SUCH AS SLACK MATERIAL
MECHANICAL BREAKDOWN AND INABILITY
ONLY UNDEREMPLOYED FULL-TIME WORK) WERE REGARDED AS EITHER SEEKING OR AVAILABLE FOR MORE WORK,
SHORTAGE,
FOR
CENSUS A ID JOB-SERKERS
MONTH 'TO ADJUSTED TO TAKE JOB-SEEKERS
COMMENTING ON THESE FIGURES, THE COMM1381ONER STATISTICS SAID THAT BECAUSE THE PROPORTION OF FIRST-TIME I FOR EXAMPLE, PEOPLE WHO HAVE JUST LEPT SCHOOL) VARIES FROM MONTH, UNEMPLOYMENT RATES THAT HAD BEEN SEASONALLY
THE NUMBER OF FIRST-TIME ACCOUNT OF THE VARIATIONS IN SHOULD BE USED IN MAKING COMPARISONS OVER TIME.
/THE COMMISSIONER ....