In this edition of the Data Wrap we review the August Labour Force Survey results, and consider what the latest ABS data has to say about trends in employment by industry and residential property prices in Adelaide.
It will take years for the national and South Australian economies to return to full output and employment following the COVID-19 pandemic.
These conclusions are contained in the latest Economic Briefing Report prepared by University of Adelaide economists from the SA Centre for Economic Studies (SACES).
Artificial intelligence (AI) is being increasingly deployed to drive innovation in products, production processes and service delivery. However, adoption of AI carries potential risks for workplaces and their clientele, including the potential loss of human life, with workplace health and safety implications. SACES, along with AIML and AITI, are hosting an open workshop to discuss and gain an understanding of the key ethical considerations for business in adopting AI technologies.
Nearly a quarter of jobs in South Australia are in sectors such as hospitality, transport, and retail trade which are not suited to working from home and have been hard hit during the pandemic. As a consequence, the young, less educated and casual employees are particularly vulnerable during the current crisis. There is a need for the Federal Government to re-examine the JobKeeper program to ensure that it best suits the coming emergent economy.
SACES has released a report which provides a toolkit for councils wishing to explore procurement strategies in order to achieve better social outcomes for residents, local communities and local business. It suggests steps that councils can take to identify social procurement opportunities and social suppliers of goods and services that councils procure. Methods for estimating the added value of social procurement are also described.
A recent pilot survey provides insight into the challenges that South Australian SMEs face in being paid on time.
In today’s article, Darryl Gobbett, Research Fellow of SACES, identifies some key issues that employers, the self-employed and employees may encounter as the Australian economy emerges from the COVID-19 lockdown.
The Australian Bureau of Statistics job numbers for April show that employment activity contracted sharply across Australia in response to social distancing and other shutdown measures that were introduced to slow the spread of COVID-19.
Today’s labour force survey figures showed little impact from COVID-19 restrictions. Among the other topics we explore in today’s expansive Data Wrap include consumer confidence, home lending activity, merchandise exports, retail sales, and employment within the renewable energy sector.
In today’s Data Wrap we review the latest ABS survey on the business impacts of COVID-19, and consider other leading indicators of economic activity which provide insight into the national economic impact of coronavirus, including the NAB’s latest business surveys and the Australian Performance of Manufacturing Index.