|Level change (000) Q/Q||12,000||500||2,000|
|Level change (000) Y/Y||30,000||31,500||31,000|
Employment rose a seasonally adjusted 12,000 (0.2 percent) in the second quarter to stand an unadjusted 30,000 above its level a year ago. The latest gain compared with a slightly larger revised but still only minimal 2,000 quarterly increase in the January-March period.
Small advances were made in both the goods producing and service sectors, the former returning to positive growth after a sizeable 1.0 percent contraction in the first quarter.
The quarterly data are consistent with the monthly jobless reports which for a while now have been signalling a broadly stable labour market.
The quarterly employment barometer is a survey of 18,000 businesses and service sectors encompassing approximately 65,000 establishments. It collects data on job vacancies, recruitment difficulties and the development of employment forecasts. The main focus is on the quarterly and annual changes in overall employment.
The employment data give a comprehensive report on how many people have jobs. These numbers are the best way to gauge the current state as well as the future direction of the economy. Employment data are categorized by sectors. This sector data can go a long way in helping investors determine in which economic sectors they intend to invest. By tracking the jobs data, investors can sense the degree of tightness in the job market. If employment is tight it is a good bet that interest rates will rise and bond and stock prices will fall. In contrast, when job growth is slow or negative, then interest rates are likely to decline - boosting up bond and stock prices in the process.
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