Yikes! We'll come back to those odd-looking unemployment figures in Part 3 momentarily.
Plotted below is the long term total employed chart which demonstrates quite neatly that while total employment has still been growing, the rate of growth has been rather too slow.
However employment growth is still too weak at only +1.41 percent over the past year - the size of the labour force grew by 1.85 percent and therefore unemployment is gently rising.
Note how the pace of employment growth has now been slow since around Q4 2010, and thus unemployment is steadily creeping higher over time.
Part 2 - Employment growth by state
Perhaps we do need to be aware, though, that short term spikes and troughs may be misleading, particularly at the state level.
In trend terms total employment fell only in South Australia this month - nevertheless this week a national television news outlet showed remarkable tenacity by yet again running a story about a fabled "Adelaide property boom".
Solid capital growth this year for Adelaide, yes. Property boom, no!
I will look at the regional employment and unemployment trends in more detail, of course, later in the month.
You can pick some of those suburbs out for yourself here - particularly some of the statistical areas in outer Adelaide, and a number of those in regional New South Wales, Victoria and Queensland.
Thinking of investing in property?