Comments on: Australians complacent on economy, analysts warn http://www.crikey.com.au/2009/05/26/australians-complacent-on-economy-analysts-warn/ now with extra source Sun, 12 Feb 2012 02:48:10 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: George Worthington http://www.crikey.com.au/2009/05/26/australians-complacent-on-economy-analysts-warn/#comment-27300 George Worthington Tue, 26 May 2009 04:54:50 +0000 http://www.crikey.com.au/?p=61324#comment-27300 Lehman's collapsed in September as Dyer says but his job counts (actually changes in the number of people employed/unemployed) are from March last year to April this year. The actual numbers for October to April were 11,500 more people employed and 126,300 more people unemployed. This means the labour force rose by just under 138,000 over the same period. A rise in the number of people unemployed is not the same thing as jobs lost; people joining the labour force may not be able to find a job, and so will be counted as unemployed although they have not actually lost a job. Lehman’s collapsed in September as Dyer says but his job counts (actually changes in the number of people employed/unemployed) are from March last year to April this year. The actual numbers for October to April were 11,500 more people employed and 126,300 more people unemployed. This means the labour force rose by just under 138,000 over the same period.

A rise in the number of people unemployed is not the same thing as jobs lost; people joining the labour force may not be able to find a job, and so will be counted as unemployed although they have not actually lost a job.

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