Fri 8 Dec 2017


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  • Today at the stock market Opinion
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  • Today at the stock market

    bull/bearU.S. stocks advanced on Friday, buoyed by a solid payrolls report for November that locked in expectations for an interest rate hike from the U.S. Federal Reserve next week and raised optimism about economic prospects in 2018.

    • The S&P 500 index rose 14.52 points, or 0.55%, to 2,651.5. For the week the S&P rose 0.35%
    • The Dow Jones Industrial Average rose 117.68 points, or 0.49%, to 24,329.16. For the week, the Dow rose 0.4%.
    • The Nasdaq Composite index rose 27.24 points, or 0.4%, to 6,840.08. The Nasdaq fell 0.11% over the week.
    • Advancing issues outnumbered declining ones on the NYSE by a 1.47-to-1 ratio; on Nasdaq, a 1.23-to-1 ratio favored advancers.
    • About 5.85 billion shares changed hands in U.S. exchanges, compared with the 6.53 billion daily average over the last 20 sessions.

    The Jobs Report

    Nonfarm payrolls rose by 228,000 jobs last month amid broad gains in hiring as the distortions from the recent hurricanes faded, Labor Department data showed, topping expectations calling for a rise by 200,000 jobs.

    Average hourly earnings rose 0.2% in Nov 2017 after dipping 0.1in Oct 2017, but fell shy of the estimated 0.3% rise.

    “It’s hard to find much fault with it. I guess if you are looking to find fault it would be that the wage growth isn’t as fast as we would like it to be and came up a little bit short. It’s a great report overall.” said JJ Kinahan, chief market strategist at TD Ameritrade in Chicago.

    The jobs data cemented expectations the Fed will raise rates at its meeting next week as traders now see a 96.2-percent chance of a quarter-point hike, according to Thomson Reuters data.

    “The focus is moving to what the Fed is going to do next week, what the composition of the board is going to look like,” said Rob Stein, CEO of Astor Investment Management in Chicago.

    Tax and Debt Limit Negotiations

    U.S. President Donald Trump signed legislation to fund the federal government for two more weeks, averting a government shutdown while Congress negotiated a longer-term budget deal, temporarily removing a potential headwind for stocks.

    Technology

    Technology stocks such as Microsoft, Apple and Oracle helped pace today’s market advance, as they continued to rebound from a selloff in the sector earlier in the week.

    Microsoft rose 2.02% as the biggest boost to the S&P 500. The S&P technology sector was up 0.4% and was on track for its 4th straight day of gains, erasing all of the nearly 2% decline suffered by the sector to start the week.Reuters

    Market indices

    Index Ticker Today Change 31 Dec 16 YTD
    S&P 500 SPX (INX) 2,651.50 +0.55% 2,238.83 +18.43%
    DJIA INDU 24,329.16 +0.48% 19,762.60 +23.10%
    NASDAQ IXIC 6,840.08 +0.39% 5,383.12 +27.06%

    Portfolio Indices

    USD and AUD denominated indices over the past 52 weeks (Chart: Bunting)
    ^ USD and AUD denominated indices over the past 52 weeks Chart: Bunting

    Index values

    Index Currency Today Change 31 Dec 16 YTD
    USD-denominated Index USD 3.062 +0.11% 2.105 +45.49%
    Valuation Rate USD/AUD 0.75553 -0.11% 0.72663 +3.97%
    AUD-denominated Index AUD 4.054 +0.22% 2.895 +40.02%

    Portfolio stock prices

    Stock Ticker Today Change 31 Dec 16 YTD
    Alphabet A GOOGL $1,049.38 +0.46% $792.45 +32.42%
    Alphabet C GOOG $1,037.05 +0.59% $771.82 +34.36%
    Apple AAPL $169.37 +0.02% $115.82 +46.23%
    Amazon AMZN $1,162.00 +0.19% $749.87 +54.96%
    Ebay EBAY $37.65 +2.17% $29.69 +26.81%
    Facebook FB $179.00 -0.64% $115.05 +55.58%
    PayPal PYPL $72.91 -1.06% $39.47 +84.72%
    Twitter TWTR $21.10 +0.42% $16.30 +29.44%
    Visa V $112.60 +1.07% $78.02 +44.32%
    VMware VMW $119.57 +2.00% $78.73 +51.87%

    FX: USD/AUD

    USD

    DXY movements
    ^ Bloomberg Dollar Spot Index (DXY) movements today (mouseover for 12 month view) Chart: Bloomberg

    The Bloomberg Dollar Spot Index (DXY) rose 0.2%.
    The EUR fell 0.1% to USD 1.1765.
    Britain’s GBP fell 0.6% to USD 1.339.
    japan’s JPY fell 0.3% to 113.47 per USD.
    Bloomberg

    AUD

    AUD movements
    ^ AUD movements against the USD today (mouseover for 12 month view) Chart: xe.com

    Oil and Gas Futures

    Futures prices

    Prices are as at 15:48 ET

    • NYMEX West Texas Intermediate (WTI): $57.34/barrel +1.15% Chart
    • ICE (London) Brent North Sea Crude: $63.35/barrel +1.85% Chart
    • NYMEX Natural gas futures: $2.78/MMBTU +0.54% Chart

    flag_australia AU: Housing Finance. Oct 2017

    Press Release Extract [ser_au_abs_housingfinance]

    KEY POINTS

    Value of Dwelling Commitments: October 2017 compared with September 2017:

    • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.3%. Owner occupied housing commitments fell 0.1% and investment housing commitments fell 0.5%.
    • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 0.6%.

    Number of Dwelling Commitments: October 2017 compared with September 2017:

    • In trend terms, the number of commitments for owner occupied housing finance rose 0.3% in October 2017.
    • In trend terms, the number of commitments for the purchase of new dwellings rose 1.0% and the number of commitments for the purchase of established dwellings rose 0.3% while the number of commitments for the construction of dwellings fell 0.5%.>/li>
    • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 17.6% in October 2017 from 17.4% in September 2017.

    DWELLINGS FINANCED

    Value of Dwellings Financed

    The total value of dwelling commitments excluding alterations and additions (trend) fell 0.3% in October 2017 compared with September 2017, while the seasonally adjusted series rose 0.6% in October 2017.

    The total value of owner occupied housing commitments (trend) fell (down $31m, 0.1%) in October 2017. Falls were recorded in commitments for the purchase of established dwellings (down $37m, 0.2%) and commitments for the construction of dwellings (down $8m, 0.4%) while a rise was recorded in commitments for the purchase of new dwellings (up $15m, 1.2%). The seasonally adjusted series for the total value of owner occupied housing commitments was flat in October 2017.

    The total value of investment housing commitments (trend) fell (down $61m, 0.5%) in October 2017 compared with September 2017. Falls were recorded in commitments for the purchase of dwellings by others for rent or resale (down $46m, 4.8%) and commitments for the purchase of dwellings by individuals for rent or resale (down $28m, 0.3%), while a rise was recorded in commitments for the construction of dwellings for rent or resale (up $13m, 1.2%). The seasonally adjusted series for the total value of investment housing commitments rose 1.6% in October 2017.

    au_investmenthousing_20171208

    Number of Owner Occupied Dwellings Financed

    The number of owner occupied housing commitments (trend) rose 0.3% in October 2017, following a rise of 0.4% in September 2017. Rises were recorded in commitments for the refinancing of established dwellings (up 82, 0.5%), commitments for the purchase of established dwellings excluding refinancing (up 77, 0.3%) and commitments for the purchase of new dwellings (up 32, 1.0%), while a fall was recorded in commitments for the construction of dwellings (down 32, 0.5%). The seasonally adjusted series for the total number of owner occupied housing commitments fell 0.6% in October 2017.

    Number of Owner Occupied Dwellings Financed – State

    Between September 2017 and October 2017, the number of owner occupied housing commitments (trend) rose in Victoria (up 214, 1.3%), the Australian Capital Territory (up 7, 0.6%), Tasmania (up 3, 0.3%), South Australia (up 3, 0.1%) and the Northern Territory (up 2, 0.8%), while falls were recorded in Queensland (down 38, 0.4%) and Western Australia (down 22, 0.4%) with New South Wales being flat.

    The seasonally adjusted estimates fell in New South Wales (down 204, 1.2%), Western Australia (down 37, 0.7%), the Australian Capital Territory (down 8, 0.6%) and South Australia (down 6, 0.2%), while rises were recorded in Queensland (up 57, 0.5%), Tasmania (up 54, 5.5%), Victoria (up 29, 0.2%) and the Northern Territory (up 5, 1.5%).

    First Home Buyer Commitments

    In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 17.6% in October 2017 from 17.4% in September 2017. Between September 2017 and October 2017, the average loan size for first home buyers rose $3,700 to $321,100. The average loan size for all owner occupied housing commitments rose $2,900 to $374,600 for the same period.

    Number of Owner Occupied Dwellings Financed Excluding Refinancing

    The number of owner occupied housing commitments excluding refinancing (trend) rose 0.2% in October 2017, following a rise of 0.4% in September 2017. The seasonally adjusted series fell 0.8% in October 2017, following a fall of 2.9% in September 2017.

    PURPOSE OF FINANCE (OWNER OCCUPATION)

    Construction of dwellings

    The number of finance commitments for the construction of dwellings for owner occupation (trend) fell 0.5% in October 2017, following a fall of 0.2% in September 2017. The seasonally adjusted series fell 1.4% in October 2017, following a fall of 2.1% in September 2017.

    Purchase of new dwellings

    The number of finance commitments for the purchase of new dwellings for owner occupation (trend) rose 1.0% in October 2017, following a rise of 1.2% in September 2017. The seasonally adjusted series fell 1.6% in October 2017, after a rise of 1.3% in September 2017.

    Purchase of established dwellings (including refinancing across lending institutions)

    The number of finance commitments for the purchase of established dwellings for owner occupation (trend) rose 0.3% in October 2017, following a rise of 0.4% in September 2017. The seasonally adjusted series fell 0.4% in October 2017, following a fall of 2.8% in September 2017.

    Refinancing

    The number of refinancing commitments for owner occupied housing (trend) rose 0.5% in October 2017, following a rise of 0.4% in September 2017. The seasonally adjusted series fell 0.1% in October 2017, following a fall of 1.4% in September 2017.

    TYPE OF LENDER (OWNER OCCUPATION)

    Banks

    The number of commitments for owner occupied dwellings financed by banks (trend) rose 0.2% in October 2017, following a rise of 0.3% in September 2017. The seasonally adjusted series fell 1.0% in October 2017, following a fall of 2.6% in September 2017.

    Non-banks

    The number of commitments for owner occupied dwellings financed by non-banks (trend) rose 1.2% in October 2017, following a rise of 1.7% in September 2017. The seasonally adjusted series rose 3.8% in October 2017, after a fall of 0.7% in September 2017. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) rose 5.1% in October 2017, following a rise of 5.7% in September 2017.

    HOUSING LOAN OUTSTANDINGS

    At the end of October 2017, the value of outstanding housing loans financed by Authorised Deposit-taking Institutions (ADIs) was $1,623b, up $8b (0.5%) from the September 2017 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $7b (0.7%) to $1,063b and investment housing loan outstandings financed by ADIs rose $0.8b (0.1%) to $560b.

    Bank housing loan outstandings rose $8b (0.5%) during October 2017 to reach a closing balance of $1,586b. Owner occupied housing loan outstandings of banks rose $7b (0.7%) to $1,035b and investment housing loan outstandings of banks rose $0.8b (0.1%) to $551b.

    Australian Bureau of Statistics, “5609.0 – Housing Finance, Australia, October 2017“, 8 Dec 2017 More

    flag_australia AU: Managed Funds. Sep 2017

    Press Release Extract [ser_au_abs_managedfunds]

    SEPTEMBER KEY POINTS

    Total Managed Funds Industry

    • At 30 September 2017, the managed funds industry had $3,270.3b funds under management, an increase of $39.0b (1%) on the June quarter 2017 figure of $3,231.3b.
    • The main valuation effects that occurred during the September quarter 2017 were as follows: the S&P/ASX 200 decreased 0.7%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 4.5%; and the A$ appreciated 1.9% against the USD.

    Consolidated Assets of Managed Funds Institutions

    • At 30 September 2017, the consolidated assets of managed funds institutions were $2,663.6b, an increase of $26.8b (1%) on the June quarter 2017 figure of $2,636.8b.
    • The asset types that increased were overseas assets, $23.0b (6%); units in trusts, $9.4b (1%); shares, $9.3b (2%); land, buildings and equipment, $6.6b (2%); bonds, etc., $1.8b (2%); short term securities, $1.0b (1%); and other non-financial assets, $0.5b (5%). These were partially offset by decreases in deposits, $13.6b (5%); derivatives, $8.9b (21%); other financial assets, $2.4b (1%); and loans and placements, $0.1b (0%).

    Cross Invested Assets

    • At 30 September 2017, there were $549.4b of assets cross invested between managed funds institutions.

    Unconsolidated Assets

    • At 30 September 2017, the unconsolidated assets of total managed funds institutions increased $33.0b (1%), superannuation (pension) funds increased $30.8b (1%), public offer (retail) unit trusts increased $4.9b (1%) and common funds increased $0.2b (3%). Cash management trusts decreased $2.3b (6%) and life insurance corporations decreased $0.7b (0%). Friendly societies were flat.

    MANAGED FUNDS INDUSTRY

    At 30 September 2017, the managed funds industry had $3,270.3b funds under management, an increase of $39.0b (1%) on the June quarter 2017 figure of $3,231.3b. Increases were recorded in consolidated assets of managed funds institutions, $26.8b (1%); funds managed by Australian investment managers on behalf of Australian entities other than managed funds institutions, $9.2b (2%); and funds managed by Australian investment managers on behalf of overseas investors, $4.2b (4%).

    MANAGED FUNDS INSTITUTIONS

    Consolidated assets of managed funds institutions

    At 30 September 2017, the consolidated assets of managed funds institutions were $2,663.6b, an increase of $26.8b (1%) on the June quarter 2017 figure of $2,636.8b.

    Consolidated assets by types of asset

    The asset types that increased were overseas assets, $23.0b (6%); units in trusts, $9.4b (1%); shares, $9.3b (2%); land, buildings and equipment, $6.6b (2%); bonds, etc., $1.8b (2%); short term securities, $1.0b (1%); and other non-financial assets, $0.5b (5%). These were partially offset by decreases in deposits, $13.6b (5%); derivatives, $8.9b (21%); other financial assets, $2.4b (1%); and loans and placements, $0.1b (0%).

    UNCONSOLIDATED ASSETS

    Life insurance corporations

    At 30 September 2017, total unconsolidated assets of life insurance corporations were $237.7b, a decrease of $0.7b (0%) on the June quarter 2017 figure of $238.4b.

    Decreases were recorded in units in trusts, $1.9b (1%); other non-financial assets, $0.3b (7%); derivatives, $0.2b (27%); and short term securities, $0.1b (5%). These were partially offset by increases in other financial assets, $0.7b (9%); assets overseas, $0.4b (3%); bonds, etc., $0.3b (2%); deposits, $0.3b (4%); loans and placements, $0.1b (3%); and shares, $0.1b (0%). Land, buildings and equipment were flat.

    Net policy liabilities were $183.6b, a $0.1b (0%) decrease on June quarter 2017.

    Superannuation (pension) funds

    At 30 September 2017, total unconsolidated assets of superannuation funds were $2,577.9b, an increase of $30.8b (1%) on the June quarter 2017 figure of $2,547.1b.

    Increases were recorded in assets overseas, $22.0b (6%); units in trusts, $14.7b (2%); shares, $8.9b (2%); land, buildings and equipment, $4.1b (3%); short term securities, $2.9b (5%); bonds, etc., $0.8b (2%); net equity of pension funds in life office reserves, $0.1b (0%); and other non-financial assets, $0.1b (6%). These were partially offset by decreases in deposits, $12.6b (5%); derivatives, $8.6b (22%); and other financial assets, $1.7b (1%). Loans and placements were flat.

    Public offer (retail) unit trusts

    At 30 September 2017, total unconsolidated assets of public offer (retail) unit trusts were $342.7b, an increase of $4.8b (1%) on the June quarter 2017 figure of $337.9b.

    Increases were recorded in land, buildings and equipment, $2.5b (2%); units in trusts, $1.9b (2%); other non-financial assets, $0.7b (16%); assets overseas, $0.5b (1%); shares, $0.3b (1%); bonds, etc., $0.2b (2%); and short term securities, $0.1b (5%). These were partially offset by decreases in other financial assets, $0.8b (16%); loans and placements, $0.3b (1%); deposits, $0.3b (3%); and derivatives, $0.1b (4%).

    Cross investment within public offer (retail) unit trusts was $33.0b, an increase of $0.3b (1%) compared to the June quarter 2017.

    Friendly societies

    At 30 September 2017, total unconsolidated assets of friendly societies were $7.1b which was flat on the June quarter 2017 figure of $7.1b.

    Common funds

    At 30 September 2017, total unconsolidated assets of common funds were $10.5b, an increase of $0.3b (3%) on the June quarter 2017 figure of $10.2b.

    Cash management trusts

    At 30 September 2017, total unconsolidated assets of cash management trusts were $37.0b, a decrease of $2.3b (6%) on the June quarter 2017 figure of $39.3b.

    Decreases were recorded in short term securities, $2.0b (8%); deposits, $1.1b (11%); and other financial assets, $0.1b (86%). These were partially offset by increases in bonds, etc., $0.7b (25%) and equities, $0.2b (35%). Loans and placements, non-financial assets, derivatives and assets overseas were flat.

    Cross investment within cash management trusts was $0.9b, an increase of $0.2b (38%) compared to the June quarter 2017.

    RESIDENT INVESTMENT MANAGERS

    Source of funds under management

    At 30 September 2017, total funds under management were $1,991.7b, an increase of $35.1b (2%) on the June quarter 2017 figure of $1,956.6b.

    Funds under management on behalf of superannuation funds increased $22.4b (2%) and cash management trusts increased $0.1b (0%). Life insurance corporations decreased $0.7b (0%) and public offer (retail) unit trusts decreased $0.2b (0%).

    At 30 September 2017, the value of funds under management on behalf of sources other than managed funds was $509.8b, an increase of $9.2b (2%) on the June quarter 2017 figure of $500.6b.

    Increases were recorded in funds under management of behalf of wholesale financial trusts, $5.4b (3%); other sources, $1.9b (5%); government compensation schemes, $1.6b (7%); other investment managers, $1.1b (11%); and national government, $0.4b (0%). These were partially offset by decreases in non-government trading corporations, $0.7b (2%); state and local government, $0.4b (1%); and general insurance, $0.2b (0%). Charities were flat.

    The value of funds under management on behalf of overseas sources at 30 September 2017 was $108.5b, an increase of $4.2b (4%) on the June quarter 2017 figure of $104.3b.

    Australian Bureau of Statistics, “5655.0 – Managed Funds, Australia, Sep 2017“, 8 Dec 2017 More

    flag_australia AU: Corporate Tax Report. 2015–16

    Press Release Extract [ser_au_ato]

    The ATO has today published the corporate tax transparency report for 2015–16 which includes some tax information of more than 2,000 large companies operating in Australia.

    The report includes:

    • 1,693 Australian public and foreign-owned companies with an income of $100 million or more, and
    • 350 Australian-owned resident private companies with an income of $200 million or more.

    The companies whose information we are publishing today account for more than $38 billion or almost 60 per cent of total company income tax payable in 2015-16, most of which was paid voluntarily.

    Deputy Commissioner Jeremy Hirschhorn said that the community should have confidence that the largest companies are being required to pay the right amount of tax on their Australian profits, and most do so voluntarily.

    “Australia has one of the strongest corporate tax systems in the world,” Mr Hirschhorn said.

    “In 2014–15, large corporate groups paid 91 per cent of their tax due voluntarily, with a further three percent raised through ATO compliance activities.

    “Although this is world leading performance, we are resolute in further increasing this level of compliance.

    “This is being achieved through the establishment of the Tax Avoidance Taskforce, and the introduction of new laws such as the Multinational Anti-Avoidance Law (MAAL), the Diverted Profits Tax (DPT) and Country-by-Country reporting (CbC).”

    In reviewing the data released today, there may be a focus on the number of groups which paid either no tax or small amount of tax relative to gross income. It is important to remember that:

    • corporate income tax is payable on profits, not gross income
    • in any given year a significant percentage of even the largest companies make losses, not just for tax purposes, but also for accounting purposes
    • it reflects the tax returns as lodged, and does not reflect subsequent ATO compliance activity.

    “In the last financial year alone, we issued more than $4 billion in amended assessments relating to prior years to public groups and multinationals, and we have already issued a further $1 billion in amended assessments this financial year. These amounts are not reflected in the corporate tax transparency data,” Mr Hirschhorn said.

    “Many companies provide significantly more detailed information through the Board of Taxation’s Voluntary Tax Transparency Code. The ATO strongly encourages companies that have not yet signed up to do so.

    We also encourage companies who do not already file General Purpose Financial Statements (GPFS) with the Australian Securities and Investments Commission (ASIC) to adopt a “best practice” approach to the recent GPFS measure applying to Significant Global Entities.”

    Mr Hirschhorn said the information published today reflects the state of the economy in 2015–16, which saw a significant drop in profitability of energy and resources companies, a sector where company profits are highly dependent on commodity prices.

    “On the back of solid growth in company profits and higher commodity prices, we are seeing a strong increase in company tax collections in 2016–17 which will be reflected in the data next year,” Mr Hirschhorn said.

    “In addition, we expect to begin to see the impact of the MAAL in the 2016–17 data as companies restructure to comply with the requirements of the new law.

    “In the coming years the data will reflect an estimated $7 billion each year of increased sales returned in Australia as a result of the operation of the MAAL and will also reflect restructures made by companies to avoid paying the DPT. Increasingly, the data will also reflect our approach to resolving past matters in requiring future compliance to be “locked in”.”

    Australian Taxation Office, “Corporate tax transparency report for 2015–16“, 8 Dec 2017 More

    PortfolioTicker Comment

    The ATO dataset provides total income, taxable income and tax paid for 2,043 companies during 2015-2016:

    • Total income was $1,808.352 billion, with individual company income ranging from $63,446,848,220 (Wesfarmers) to $311,812. with a mean of $885,559,400 and median of $283,406,688.
    • Total taxable income was $172.002 billion. Of 2,043 companies, 1,447 reported taxable income ranging from $14,285,735,538 to $43. The remaining 596 companies reported no taxable income.
    • Total tax paid was $38.212 billion. 732 companies paid tax, while 1,311 companies paid no tax. Of the 732 companies that paid tax, the amount of tax paid ranged from $3,290,941,018 (Commonwealth Bank of Australia) to $246.

    Half of the total tax paid by companies in 2015-2016 was paid by 16 companies (0.8% of 2,043 companies):

    • Banks: Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank, ANZ Banking Group. These 4 banks contribute 27.9% of all company tax paid.
    • Telco: Telstra Corporation. Telstra pays 4.5% of all company tax.
    • Miners: BHP Billiton, Rio Tinto (excl RTPDS), Fortescue Metals, Alcoa of Australia, Robe River Mining. RTPDS reported the highest taxable income ($14,285,735,538) of all 2,043 companies, but paid $6,375 tax.
    • Retailers: Wesfarmers, Woolworths
    • Insurers: AMP, Suncorp
    • Sovereign Wealth Fund: Future Fund Investment Company
    • Engineering: Bechtel Australia

    Some technology companies’ results:

    Company Total Income Rank Taxable Income Tax Payable Tax/Taxable
    Apple $7,571,326,618 29 $393,275,499 $117,874,103 30%
    IBM $3,579,222,430 67 $23,421,473 0 0%
    Samsung C&T $2,753,886,427 96 0 0 0%
    Samsung Electronics $2,500,396,585 109 $12,029,429 $3,608,829 30%
    Accenture $1,655,981,028 193 $130,534,283 $34,942,222 26.8%
    Tower Software $1,456,849,496 223 0 0 0%
    BAE Systems $1,266,274,370 250 $35,700,229 0 0%
    Dimension Data $1,219,552,058 261 0 0 0%
    Fujitsu Australia $995,334,339 317 $48,052,483 $10,314,511 21.5%
    Data#3 $978,208,982 319 $19,848,140 $5,585,121 28.1%
    Dicker Data $95,6404,928 328 $25,183,107 $7,554,932 30.0%
    SAP Australia $950,186,711 329 $7,931,259 $965,836 12.2%
    Microsoft $776,529,531 397 $140,995,941 $42,298,782 30.0%
    Honeywell $761,193,468 408 $161,762,076 $39,782,793 24.6%
    Seek $737,048,728 426 $447,835,213 $114,878,388 24.6%
    CSC CSA $725,347,669 436th $1,974,881 $174,477 8.8%
    moving further down selecting a few companies
    Amazon $238,569,661 1,214 $30,264,343 $9,079,303 30.0%
    VMware Australia $103,400,350 1,998 $5,965,930 $1,789,779 30.0%
    Microsoft Datacenter $102,381,913 2,017 $22,825,284 $6,847,585 30.0%
    Webjet $100,042,571 2,043 $26,528,443 $5,904,223 22.3%

    flag_usa US: Jobs Report. Nov 2017

    Press Release Extract [ser_us_jobs]

    Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.

    Household Survey Data

    The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively.

    us_ue_20171208

    Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little change.

    The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. Over the year, the number of long-term unemployed was down by 275,000.

    The labor force participation rate remained at 62.7 percent in November and has shown no clear trend over the past 12 months. The employment-population ratio, at 60.1 percent, changed little in November and has shown little movement, on net, since early this year.

    The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 4.8 million, was essentially unchanged in November but was down by 858,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find full-time jobs.

    In November, 1.5 million persons were marginally attached to the labor force, down by 451,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

    Among the marginally attached, there were 469,000 discouraged workers in November, down by 122,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.0 million persons marginally attached to the labor force in November had not searched for work for reasons such as school attendance or family responsibilities.

    Establishment Survey Data

    Total nonfarm payroll employment increased by 228,000 in November. Employment continued to trend up in professional and business services, manufacturing, and health care. Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016.

    us_jobs_20171208

    Employment in professional and business services continued on an upward trend in November (+46,000). Over the past 12 months, the industry has added 548,000 jobs.

    In November, manufacturing added 31,000 jobs. Within the industry, employment rose in machinery (+8,000), fabricated metal products (+7,000), computer and electronic products (+4,000), and plastics and rubber products (+4,000). Since a recent low in November 2016, manufacturing employment has increased by 189,000.

    Health care added 30,000 jobs in November. Most of the gain occurred in ambulatory health care services (+25,000), which includes offices of physicians and outpatient care centers. Monthly employment growth in health care has averaged 24,000 thus far in 2017, compared with an average increase of 32,000 per month in 2016.

    Within construction, employment among specialty trade contractors increased by 23,000 in November and by 132,000 over the year.

    Employment in other major industries, including mining, wholesale trade, retail trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government, changed little over the month.

    The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.5 hours in November. In manufacturing, the workweek was unchanged at 40.9 hours, and overtime remained at 3.5 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.7 hours.

    In November, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.55. Over the year, average hourly earnings have risen by 64 cents, or 2.5 percent. Average hourly earnings of private-sector production and nonsupervisory employees rose by 5 cents to $22.24 in November.

    The change in total nonfarm payroll employment for September was revised up from +18,000 to +38,000, and the change for October was revised down from +261,000 to +244,000. With these revisions, employment gains in September and October combined were 3,000 more than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 170,000 over the last 3 months.

    Bureau of Labor Statistics, “The Employment Situation. Nov 2017“, 8 Dec 2017 (08:30) More

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