Economy

Feb 7, 2013

Jobs market holding up like a punch-drunk boxer

Uemployment is steady at 5.4%, data out today shows. All eyes are now on the Aussie dollar, to see if it will continue to drift downwards -- to the aid of a sluggish economy.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

The January employment and jobless data from the Australian Bureau of Statistics reveals that the labour market has started 2013 like it ended 2012, soggy, with weaknesses showing up in various parts. But like a punch-drunk boxer, it’s still on its feet and dodging the king hit.

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One thought on “Jobs market holding up like a punch-drunk boxer

  1. john.sawyer

    Gee this government is bad news. Running an economy that’s like a “punch-drunk boxer”: still on his feet after 5 months (or longer). Quite a feat.

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