Hardly galloping back to work.

The employment revival has gone into pause mode.

Richard Farmer

Crikey political commentator

Hardly galloping back to work. The employment revival has gone into pause mode. Unemployment has been stuck around the five per cent mark for half a year now. And May's seasonally adjusted unemployment figure of 4.9% released today by the Australian Bureau of Statistics is only 0.2 percentage points less than it was a year ago! The sooner the next stage of the mining boom the better as far as the 593,000 unemployed are concerned.

Surely these figures will be enough to stop the incessant preaching by market economists that a tightening of monetary policy will soon be needed. China takes the title. The biggest energy consuming country in the world is now China. The BP Statistical Review of World Energy released overnight shows the United States economy relegated to second place.

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1 comments

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One thought on “Hardly galloping back to work.

  1. Scott Grant

    Transitioning for the longer term? presumably leveraging world’s best practice going forward.

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