Global hedge funds and the capital markets are engaged in a two-pronged game to skyrocket Australian unemployment, writes Robert Gottliebsen, at Business Spectator.
Unemployment figures
Kohler: why unemployment is heading to 6%
There is an unfolding employment disaster going on in Australia, but compared with Greece and Spain, Portugal and Ireland, we’re doing just great.
Highest unemployment ever? Morgan survey at odds with ABS
A Roy Morgan survey reported that during the last quarter of 2011, Australia recorded the highest unemployment and underemployment figures on record, writes Ava Hubble, a freelance journalist.
Consumers open wallets wider, so why do we need to cut rates?
Can anyone explain why the Reserve Bank needs to cut interest rates, as quite a few economists, media writers and industry leaders say it will, either next month, or December?
Political snippets: Nearly standing still on unemployment
Nearly standing still. A year ago the Australian Bureau of Statistics reported that in July 2010 there were just under 587,000 unemployed. This morning comes the news that in July 2011 there were 576,000 officially looking for jobs. The economic recovery has stalled with the ABS figures actually showing an increase in unemployment over the […]
Australia near the lead in the low unemployment stakes
The OECD’s latest review of unemployment in the world’s major economies confirms how well Australia is doing compared with its peers, reports Richard Farmer.
Cox: Gillard’s preaching doesn’t offer salvation for unemployed
‘Labor by name and Labour by nature’ may be a catchy title but it does little for those society excludes and then rejects. Julia Gillard ignores the evidence the problem with unemployment is as much a demand side problem as the fault of the unemployed.
Gillard mixes language of the Right with rhetoric from the Left
Julia Gillard gave a speech on jobs at the Sydney Institute, which almost everyone only heard what they wanted to hear. And what they seemed to want to hear was that Julia Gillard was beating up on unemployed, writes Greg Jericho.
Political snippets: Encouraging but hardly boom times
Market economists just love to use the boom and gloom words.
Australia maintains world class employment rate
New data released from the ABS paints a very positive picture for Australia: last month the national unemployment rate fell to 5.1 per cent, with more than 53,000 full time jobs created.
VIDEO: Which US regions were hardest hit by the GFC?
A disturbing video showing unemployment rates increasing across the US since January 2007. Just watch as the US blackens and huge parts of the US experience unemployment over 10%.
Kohler: Welcome to Australia’s golden age
The only way to be glum in today’s economy is by reading foreign news sites, writes Alan Kohler. Australia’s own economy is booming, unemployment is down and house prices are up.
Key surveys have our economy surging
Key surveys from the ANZ and NAB show a very strong February for business conditions, business confidence and job ads.
Political snippets: Interest for interest rate’s sake
Australians’ working hours have (ever so slightly) declined, a look at the figures of Australian media coverage of boat people, some sloppy sub-editing at the Daily Tele and more.
A Christmas present from the RBA: third month of employment growth
As we close in on the end of 2009, the year that was almost the year from hell, a third month of solid employment growth has added to the flow of strongly positive data about the economy.
graph pr0n 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.
There’s good news and also good news on jobs
There’s mixed — but mostly good — news in today’s unemployment data. Unemployment remained steady in trend terms, but underemployment is up across most age groups, and there was a small fall in hours worked.
Forget the pundits, this jobless data is positive, rates will rise
Forget the media reports; the Australian economy has created over 65,000 jobs in the last two months: pencil in a December 1 rate rise from the RBA.
It looks awfully like unemployment is peaking
Not even Glenn Stevens in his wildest dreams thought vindication would come so quickly and comprehensively as it did in today’s jobless data.
Glenn Stevens vindicated by jobless plunge
Reserve Bank Governor Glenn Stevens has developed a reputation for taking what seems to be tough decisions at the wrong time. But the latest job figures have proved him right. Again.
Job ads surge should tip RBA’s hand
The chances of an interest rate rise coming either tomorrow or in November have risen with three job ads surveys all revealing a strengthening in demand for labour.
Rudd agenda backed by jobless stats
The Australian economy has again shown its resilience with the unemployment rate last month steady on 5.8%, where it has been since June.
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.
Job ads spike: could unemployment be on the turn?
There are signs the labour market is changing, with job ads registered by the ANZ Bank and the Olivier employment group both showing the first upturn in more than a year.
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.
