Investments in machinery, equipment and consumption up
05 Jul '06
3 min read
Western Australia's largest export market, Japan, is expected to grow by 2.8 in 2006 and 2.1 in 2007, a considerable improvement after years of deflation and declining asset prices. Japan's economic growth, and in turn its demand for Western Australian exports, relies heavily on economic conditions in the United States of America which are showing signs of continued growth (3.4 in 2006 and 3.3 in 2007).
Even stronger rates of growth have been forecast for other major export markets for Western Australia including China (9.5 in 2006 and 9.0 in 2007), the Republic of Korea (5.5 in 2006 and 4.5 in 2007) and India (7.3 in 2006 and 7.0 in 2007).
Western Australia's labour force continued to grow in the three months to May 2006, with the number of employed persons (trend) rising by 4,600 (0.4), including 2,200 full-time workers. As at May 2006, there were 1,065,700 persons employed in the state's labour force, with 752,800 (70.6) employed full-time.
The number of unemployed persons (trend) in Western Australia fell strongly, down by 3,600 (8.0) in the three months to May 2006. The sharp decline in unemployed persons in the state has seen the unemployment rate drop from 4.1 in February 2006 to a record low of 3.7 in May 2006 - well below the 5.0 rate of unemployment across the nation.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
