St George of the Garden wrote on Sep 15^th, 2014 at 1:36am:



I wouldn't trust kouk to tell me yesterdays weather.  his bald-faced lying on economic matters are well-known.

St George of the Garden wrote on Sep 15^th, 2014 at 8:50am:


and like all good statisticians with political bias, he used them wrongly. 

a) unemployment is 6.1% not 6.4%
b) jobs are created as well as lost and the Libs claim is correct
c) if labor created nearly a million jobs then how come unemployment was so high when they left? (clue: refer b above)

kouk's opinion is always biased by such a wide margin.

Not only that I have stated the severe fiscal consolidation that was part of the ill–conceived push for a surplus by Labor caused unemployment to rise, hence the end of the quest for a surplus. With a highly indebted household sector that is how it goes.

Given that and the wholesale destruction of confidence by the Libs and their stupid, harsh and unfair Budget their cuts to spending are going to cause even bigger rises in unemployment! Then the multiplier effect kicks in—7% unemployment by the end of the year is my guess.

Yes, jobs are lost and gained all the time but net gains/losses are what is important and is what is measured by the ABS surveys.

longweekend58 wrote on Sep 15^th, 2014 at 8:55am:



It rose to 6.4% in July.

John Smith wrote on Oct 8^th, 2014 at 1:33pm:




"The August figure had been so far above expectations that analysts had doubted its credibility."      

John Smith wrote on Oct 8^th, 2014 at 2:51pm:



'Jobs surge "unbelievable", say economists'

https://au.news.yahoo.com/thewest/business/a/24963842/number-of-aussies-with-job...

longweekend58 wrote on Sep 15^th, 2014 at 8:41am:

He's not lying, but both are being selective with the facts that they highlight. The Liberals are cherrypicking one month's figures that even the ABS themselves admit are dodgy, and Koukoulas is reporting one set of numbers for the ALP and another for the Liberals.

One thing is clear though - Australia has a problem with unemployment. The unemployment rate is trending upwards. Even if the Australian economy somehow managed to create 1,000,000 jobs in five years and 2,000,000 in ten years, unemployment isn't likely to fall much if at all. We need to create about 2,500,000 full time jobs in a decade to bring unemployment down, and that's not likely to happen.

So now that the ABS has taken out its adjustment we find the unemployment rates for the past 3 months at 6.0,  6.0  and 6.1.

not exactly runaway unemployment is it?  it is one thing tho... it is the STOPPING of the trend of increasing unemployment that has been in existence for almost 3 years, two of them under labor.