For all the talk of a recovery in the US economy, a grim reality has been outlined in Washington for all the world to see: America can’t feed all its 303 million people, with one in seven going short at some stage in a week.
Underemployment
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Crunching the unemployment data
Possum Comitatus charts the latest ABS Labour Force Survey, with a state-by-state, gender and age breakdown of the data.
Unemployment more than just a number
It is probably too early to crack out the bubbly after yesterday’s unemployment data, but things could be much worse. Sinclair Davidson and Ashton de Silva look at the numbers.
Political economy: underemployment — what does it mean?
Now its official — a staggering 14% (or so) of Australia’s workforce are unemployed or underemployed, writes Henry Thornton. What a huge waste of resources.
Four million reasons to doubt the jobless data
For the first time the ABS has released a monthly underemployment estimate, with total hours worked dropping for the 13th month in a row. So the economic narrative continues, good news but things remain fragile.
If you think Australia’s working, ask someone who isn’t … much
The news on the jobs front of the Australian economy is mixed. While Rudd’s stimulus package has had an effect on unemployment, it masks a significant rise in underemployment.
Waning working hours are cause for concern
Celebrations of Australia’s gravity-defying unemployment rates are premature, says Stephen Long — the erosion of working hours are still cause for concern, and will still hit households where it hurts.
