Nov 8, 2012

Richard Farmer’s chunky bits: triumph of the nerds

I hope you will forgive one comment about the triumph of the nerds who came under such attack from conservatives for correctly interpreting the myriad opinion polls as pointing to a very likely Barack Obama victory.

Richard Farmer

Crikey political commentator

Workforce leavers helping the figures. The official October figures from the Australian Bureau of Statistics this morning show a drop in the seasonally adjusted unemployment rate but the trend line that irons out some of the inevitable monthly ups and downs is still pointing upwards.

And the ABS features some trend figures that show that people withdrawing from the workforce make things look better than they actually are. The trend estimate of the employment to population ratio for persons is down from its high point of 62.8% in May 2008 (for males the high was in March that year at 67.2% and for females a high of 56% in June 2008) to a current level of 61.6% (67.8% for men and 55.6% for women).

Free Trial

Proudly annoying those in power since 2000.

Sign up for a FREE 21-day trial to keep reading and get the best of Crikey straight to your inbox

By starting a free trial, you agree to accept Crikey’s terms and conditions


Leave a comment

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details