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There are two million Australians out of work. That's the truth.

Monday, 12 May 2008

Marcus L'Estrange writes:

The official unemployment figure are bunk, writes Marcus L'Estrange

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Tom Conley
Monday, 12 May 2008 11:32:22 PM
One way of getting a more interesting figure on total full employment would be to consider part time work as a proportion of full time employment. So those people who work 1 hour a week would be considered as 1/40th (or 1/37th or whatever) employed compared to full time workers. Now not everyone obviously wants to work full time but it would be an alternative construction to the underestimated official figures. The reason academics like the OECD stats is that they are standardised and comparable ...
Kevin Charles Herbert
Monday, 12 May 2008 6:30:10 PM
I wonder what the legendary I F Stone would make of the bullshit, seriously flawed OECD approved method for collecting unemployment figures in its member countries? The hidden rate of unemployed has been suppressed for the past 18 years by so-called independent Australian economists & media commentators, due mainly to their love affair with all things OECD. What a bloody cop out, you gutlerss wonders!!! The hidden rate of unemployment is the biggest single story in Australian public life, of the past 20 years. Hang your heads in shame, Australian political & economics analysts.....acolytes the lot of you...you don't deserve a job on the Narnargoon Times.
pamela
Monday, 12 May 2008 4:24:52 PM
What age group are these 2 million unemployed? Do they fall between 18 years and 65 years? Lets get the whole truth. Great stuff unpicking the statistics.
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