Australian Politics Forum - Australia's economy in recession per capita

Bam

Gold Member

Offline

Australian Politics

Posts: 21905
Gender: male

Re: Australia's economy in recession per capita
Reply #30 - Mar 6^th, 2019 at 10:48pm

Captain Nemo wrote on Mar 6^th, 2019 at 10:14pm:

Bam wrote on Mar 6^th, 2019 at 5:57pm:

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! Cool

Why do you post lies?

MEDIA RELEASE

19 April 2018
Embargo: 11:30 am (Canberra Time)

Labour force participation rate at all-time high

Employment and hours
The trend participation rate increased to a record high of 65.7 per cent in March 2018, according to latest figures released by the Australian Bureau of Statistics (ABS) today.

"The labour force participation rate now sits at 65.7 per cent, the highest it has been since the series began in 1978, indicating that the population is participating in the labour market at a record high level," the Chief Economist for the ABS, Bruce Hockman, said.

In line with the increasing participation rate, employment increased by around 14,000 persons. Part-time employment increased by 13,000 persons and full-time employment by 1,000 persons, reflecting a slowing in full-time employment growth.

Over the past year, trend employment increased by 3.1 per cent, which was above the average year-on-year growth over the past 20 years (1.9 per cent).

http://www.abs.gov.au/ausstats/abs@.nsf/lookup/6202.0Media%20Release1Mar%202018

Australia has now created jobs in each of the past 16 months, the longest stretch ever seen before.

According to the Australian Bureau of Statistics (ABS), employment grew by 16,000 in seasonally adjusted terms in January, marginally topping forecasts for an increase of 15,000.

Part time employment surged by 65,900, masking an ugly 49,800 decline in full time workers.

That reversed the trend seen over the year where full time employment soared by 293,200, far outpacing a 110,100 increase in part time employment over the same period.

At 12.4535 million,
total employment now stands at the highest level on record
, helped by a record stretch of consecutive monthly gains that began way back in October 2016.

https://www.businessinsider.com.au/australia-jobs-report-january-2018

RBA on hold again, rolling record low interest rate into its second year

https://www.abc.net.au/news/2018-08-07/rba-record-low-interest-rate-rolls-into-its-second-year/10082830

The inflation rate is the lowest ever recorded according to one of the Reserve Bank’s underlying inflation measures

https://www.theguardian.com/business/grogonomics/2017/jan/26/record-low-inflation-growth-reflects-the-bizarre-times-we-live-in

You're welcome. Cool

So how do you like to pick your cherries?

Why do you ignore:

* Record low wages growth over 5 years
* Rising long-term unemployment
* Coalition's corruption and cronyism
* Paying high prices for several restricted tenders that happen to go to their mates
* No action on wage theft
* Record high numbers of illegal immigrants
* Record high numbers of people arriving with baseless asylum claims
* Part-time government only showing up to work for 4 weeks in eight months
* Numerous scandals
* First per capita recession since 2006
* Selling out record numbers of Australian jobs to foreigners
* Killing off the car manufacturing industry
* Blocking banking Royal Commission 26 times
* First government to lose control of Parliament since 1961
* First government to lose a legislative vote since 1941

I could add more to this list. Cherrypicking a few dated figures doesn't absolve this bad and moribund government of their numerous sins.

Back to top

You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

IP Logged

Its time

Gold Member

Offline

Boot libs out

Posts: 25639
Gender: female

Re: Australia's economy in recession per capita
Reply #31 - Mar 7^th, 2019 at 3:37am

Captain Nemo wrote on Mar 6^th, 2019 at 10:14pm:

Bam wrote on Mar 6^th, 2019 at 5:57pm:

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! Cool

Why do you post lies?

MEDIA RELEASE

19 April 2018
Embargo: 11:30 am (Canberra Time)

Labour force participation rate at all-time high

Employment and hours
The trend participation rate increased to a record high of 65.7 per cent in March 2018, according to latest figures released by the Australian Bureau of Statistics (ABS) today.

"The labour force participation rate now sits at 65.7 per cent, the highest it has been since the series began in 1978, indicating that the population is participating in the labour market at a record high level," the Chief Economist for the ABS, Bruce Hockman, said.

In line with the increasing participation rate, employment increased by around 14,000 persons. Part-time employment increased by 13,000 persons and full-time employment by 1,000 persons, reflecting a slowing in full-time employment growth.

Over the past year, trend employment increased by 3.1 per cent, which was above the average year-on-year growth over the past 20 years (1.9 per cent).

http://www.abs.gov.au/ausstats/abs@.nsf/lookup/6202.0Media%20Release1Mar%202018

Australia has now created jobs in each of the past 16 months, the longest stretch ever seen before.

According to the Australian Bureau of Statistics (ABS), employment grew by 16,000 in seasonally adjusted terms in January, marginally topping forecasts for an increase of 15,000.

Part time employment surged by 65,900, masking an ugly 49,800 decline in full time workers.

That reversed the trend seen over the year where full time employment soared by 293,200, far outpacing a 110,100 increase in part time employment over the same period.

At 12.4535 million,
total employment now stands at the highest level on record
, helped by a record stretch of consecutive monthly gains that began way back in October 2016.

https://www.businessinsider.com.au/australia-jobs-report-january-2018

RBA on hold again, rolling record low interest rate into its second year

https://www.abc.net.au/news/2018-08-07/rba-record-low-interest-rate-rolls-into-its-second-year/10082830

The inflation rate is the lowest ever recorded according to one of the Reserve Bank’s underlying inflation measures

https://www.theguardian.com/business/grogonomics/2017/jan/26/record-low-inflation-growth-reflects-the-bizarre-times-we-live-in

You're welcome. Cool

So whats excuse for per capita recession?

Back to top

IP Logged

stunspore

Gold Member

Offline

Australian Politics

Posts: 5094
Gender: male

Re: Australia's economy in recession per capita
Reply #32 - Mar 7^th, 2019 at 6:09am

Writing in capitals doesn't make it right.

No one wants to be part of the working poor, like America - that is where Coalition is leading us to.

Working more does not help when income is low. To the point that the place of work also raises a charity for its workers - like Walmart.

https://mic.com/articles/104994/walmart-workers-have-a-biting-response-to-the-co...

Back to top

« Last Edit: Mar 7^th, 2019 at 6:17am by stunspore »

IP Logged

buzzanddidj Gold Member Offline Australian Politics Posts: 14169 Eganstown, via Daylesford, VIC Gender:	Re: Australia's economy in recession per capita Reply #33 - Mar 7^th, 2019 at 2:23pm Jasin wrote on Mar 6^th, 2019 at 11:32am: A Recession will be good to bring our HYPER-INFLATION back down to earth. Australia's current rate of 'hyper-inflation' - is actually the lowest in our living memory http://www.abs.gov.au/websitedbs/d3310114.nsf/home/abs+chief+economist+-+70+year...
Back to top	'I like your Christ, I do not like your Christians. Your Christians are so unlike your Christ.' - Mohandas Karamchand Gandhi IP Logged

Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: Australia's economy in recession per capita Reply #34 - Mar 7^th, 2019 at 6:21pm Deary deary me rtards
Back to top	IP Logged