Instead of agonising over data concerning hours worked (+1.6 percent) and participation rates (+0.1 to 64.6), which have been covered off excellently by other commentators elsewhere, for something different let's zoom out and look at the macro picture, and in particular which states are the winners and losers from the revised figures.
Unfortunately there are more losers than there are winners. Are there any states which are at risk of falling into recession? Perhaps so. Let's take a look at some of the indicators in four short parts.
Part 1 - Growth in Total Employment - Too Shallow!
There are various arguments as to why this chart could pick up in due course, but the labour market appears to remain soft on this evidence.
Part 2 - Jobs Growth by State
With the obvious disclaimer that the numbers have been proven to be more than a tad volatile at present, the surprise winner is Western Australia, adding just over 40,000 positions over the past year, just over half of which were full-time jobs, even beating New South Wales at 36,000 (almost all of which were full-time).
We had previously clipped Tasmania off this graphic since the state didn't truly seem to belong in a chart with the word "growth" in it, with total employment having flat-lined and still being lower today than it was back in 2008. Perhaps we were being too unkind, however, as Tasmania has at last shown some green shoots over the past 12 months.
Although we haven't charted it here since we have no equivalent seasonally adjusted data series available for Canberra, you can also now add the ACT to the list of strugglers with trend jobs growth having stalled completely for well over two years.
Part 3 - State Final Demand
Part 4 - Unemployment by State
The revised Labour Force figures show that the headline rate of unemployment in Australia is now up to 6.2 percent, and the trend remains steadily up.
The inherent volatility of the unemployment rates by state have led us to grapple with how best to present the figures, opting in the end for a 4 month moving average, which should present something at least approaching a meaningful result.