Economy

Sep 14, 2012

Public service cuts start to bite in workforce numbers

Public service cuts are making their presence felt in employment data, while health continues to power on as out biggest employer.

Yesterday’s Australian Bureau of Statistics data on industry employment for the quarter ending in August confirms some recent trends in jobs growth and illustrates the growing impact of public service cuts across the state and federal levels.

The big news was mining, which recorded a loss of 4500 jobs since May on a seasonally adjusted basis — the first fall in mining employment in three years, even if a tiny one. It lends weight to the argument that the boom has peaked, although in trend terms mining continued its growth, up 11,000 jobs in the quarter.

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