The ANZ job advertisement figures out today at least must make you wonder whether this is the right time to keep talking about bringing the federal budget back into surplus as Treasurer Wayne Swan is doing. The data points towards unemployment being more likely to rise than fall.

I suppose we should now be thankful that the Reserve Bank made all those interest rate rises a year ago. If the government really does get tough on spending the bank can get easy on the rates.

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Peter Fray
Peter Fray
Editor-in-chief of Crikey
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