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No. 3 - Department of Treasury - The Western Australian Government

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<strong>Western</strong> <strong>Australian</strong> Economic Summary2006 <strong>No</strong>.3WESTERN AUSTRALIA'S INVESTMENT SHAREAs % Australia, Quarterly, OriginalSep-06 Jun-06 Sep-05Mining 16.2% 18.4% 11.8%Other 7.4% 7.8% 8.4%Total 23.6% 26.2% 20.2%Source: ABS Cat. 5625.0BUSINESSES REPORTING LABOUR 'SCARCE'WA, % Respondents, CCI-BankWest SurveySep-06 Jun-06 Sep-05% Respondents 70.0% 71.0% 63.0%Source: CCI/BankWest Survey <strong>of</strong> Business ExpectationsLabour marketsFEDERAL ENTERPRISE AGREEMENTSAnnual % Wage IncreaseMar-06 Dec-05 Mar-05Total 3.8% 4.5% 4.3%Private 4.0% 4.2% 4.0%Source: DEWR (in RBA Bulletin)UNIT LABOUR COSTS<strong>No</strong>minal, Annual % IncreaseMar-06 Dec-05 Mar-05Unit labour costs 3.2% 3.9% 4.2%Source: DEWR (in RBA Bulletin)WAGE SHARE OF GDP% GDPJun-06 Mar-06 Jun-05Wage share <strong>of</strong> GDP 54.4% 54.2% 54.3%Source: RBA BulletinUNEMPLOYMENT RATES<strong>Western</strong> Australia and Australia, Seasonally AdjustedOct-06 Sep-06 Oct-05Australia 4.6% 4.8% 5.2%<strong>Western</strong> Australia 3.7% 3.5% 4.0%Source: ABS Cat. 6202.0UNEMPLOYMENT RATES<strong>Western</strong> Australia and Australia, TrendOct-06 Sep-06 Oct-05Australia 4.7% 4.7% 5.1%<strong>Western</strong> Australia 3.5% 3.5% 4.2%Source: ABS Cat. 6202.0PARTICIPATION RATES<strong>Western</strong> Australia and Australia, Seasonally AdjustedOct-06 Sep-06 Oct-05Australia 64.7% 65.1% 64.4%<strong>Western</strong> Australia 67.2% 67.7% 67.7%Source: ABS Cat. 6202.0106 <strong>Department</strong> <strong>of</strong> <strong>Treasury</strong> and Finance

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