Walk The World
Latest from the ABS shows jobs are down based on the payroll data. Could this be an early indicator, or simply data noise thanks to winter holidays and illness across the community? Interesting there were significant falls in construction and real estate sectors. Wonder why?
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Caveat Emptor! Note: this is NOT financial or property advice!!
I'm finding it difficult to see unemployment shrinking while people are tightening their spending. Have to wait and see.
The government can always blame the crash which will happen on the BS virus (COVID) , don't forget that the lockdowns are responsible for destroying the economy , enjoy the ride because this is just the start !!.
Haha could we fast forward to the part where unemployment raises above 6%. And they drop interest rates already… add higher unemployment = less tax revenue = more stimulus = more inflation! Inflation always wins T.K.O!!
Well businesses are collapsing left and right . So can't see employment going up
Thanks Mr. Martin…how can you count jobs on Credit as a National figure…?…this Country is going to pay a huge price for Oh Jerusalem.
If you want high, ludicrously high, employment figures just outsource it to the US Dept of Labour statisticians … they have no shame.
2 years of restricted trading for small business has resulted in accountants telling businesses 'go bankrupt , you had all the outgoings and no incoming thanks to govt mismanagement.' Result … unemployment.
So the unemployment rate is a lie?
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Well, well. Interesting.. After the last years I wouldn't trust a single 'seasonally adjusted' data point for at least another 2 years. The best we can do is rely upon our experience with raw numbers and meditate.