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Employed people or jobs: semantics or an important difference in terminology?

Image source: Wikimedia Commons.In March (2013), the Australian Bureau of Statistics (ABS) released new analysis of the Australian labour market based on jobs. Their article, Estimating jobs in the Australian Labour Market, outlines the differences between the number of jobs and the number of employed people, and complements regular labour market data produced by the ABS. Estimates of the number of jobs were produced using the monthly Labour Force Survey, the quarterly Job Vacancies Survey and the 2007 Survey of Employment Arrangements, Retirement and Superannuation.Changes in estimates of employed people may mistakenly be referred to as jobs ’created’ or ‘lost’. However, a job is the (paid)... Read more...

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