Your graph appears to be a cherry picked croc doc.
Unemployment here hit 6.4% in august, the highest in twelve years. Your graph looks nothing at all like that and would have people believe its been dropping from highs for quite some time , when in fact it has been reaching new highs of late after coming from previous lows.
[snip more ranting crap...]
Poor Ted can't even read a chart correctly...... it shows AU unemplyment hitting 6.4% in August you tool.
PS - Dr, I can see though how those amongst us at the lower end of the intelligence bell curve might be confused by that chart, as having different Y-axis values and scaling for the AU vs the US unemployment rate lines does make the chart a little "strange" looking I would say. It would be better to post a chart that shows both countries unemployment rates plotted against the same Y-axis values.
PS - Dr, I can see though how those amongst as at the lower end of the intelligence bell curve might be confused by that chart, as having different Y-axis values and scaling for the AU vs the US unemployment rate lines does make the chart a little "strange" looking I would say. It would be better to post a chart that shows both countries unemployment rates plotted against the same Y-axis values.
You're right. I didn't notice that at first blush. It's quite bizarre.
Latest ABS job vacany figures do not appear to reconcile with their own recorded growth in employment last month. Sorry, not sure how to post links from this thing.
There appears to have been a very modest rise, at levels continuing to be far below what was on offer a number of years ago. This is difficult to reconcile with the biggest boom in jobs growth on record over the same time period.
We should never discount anything out of hand but I am now almost certain that last month's labour force figures represent some kind of unusual statistical artifact.
Historically a pick up in residential construction has been great for jobs and GDP. It is a much larger part of our economy than mining after all.
The RBA understand this and are openly stating that this is their goal. Do you really believe that they will abjectly fail in this endeavor?
When a new mine is built it does economically advantage the local area in two ways the first is short and sweet ie the construction phase. The second is a long term source of steady jobs and royalties. The way you guys look at it you would think the second stage will do harm this is just silly IMHO. Both stages are good for the economy local and beyond. When the mines are closing that is a different story and one you Eastern Staters will have to grapple with well before WA, if the bottom falls outta coal.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
That's like going to the casino and keeping on doubling your bet every time you lose and saying "I only need to win once" The fact is, the market has been moving against the housing bears for while now and the crash will need to be bigger and bigger just for you to come out on top or just break even.
Historically a pick up in residential construction has been great for jobs and GDP. It is a much larger part of our economy than mining after all.
The RBA understand this and are openly stating that this is their goal. Do you really believe that they will abjectly fail in this endeavor?
When a new mine is built it does economically advantage the local area in two ways the first is short and sweet ie the construction phase. The second is a long term source of steady jobs and royalties. The way you guys look at it you would think the second stage will do harm this is just silly IMHO. Both stages are good for the economy local and beyond. When the mines are closing that is a different story and one you Eastern Staters will have to grapple with well before WA, if the bottom falls outta coal.
So you're saying the abs is wrong about being wrong?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
My analysis of Perth thus far is on track, if anything the timeline has speed up!
I welcome anyone to go through anything I have posted, every single post !
One question 4 u Grandma:
Why is the the man talking on the street and saying what he sees doom preaching?
Ha ha ha Dream on. You, Mr Preacherman are the renter and I am the landlady.
You sit on your keyboard posting poison while dreaming that one day you are gonna be loaded from waiting for the RBA to crash the economy lol
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Historically a pick up in residential construction has been great for jobs and GDP
Yes.
Quote:
It is a much larger part of our economy than mining after all.
The contribution made by mining investment this time round goes far beyond anything seen previously.
Quote:
The RBA understand this and are openly stating that this is their goal. Do you really believe that they will abjectly fail in this endeavor?
Their monetary policy regime is supporting some modest growth, thought not yet enough. The problem is that for the first time, they are almost out of ammunition. They really have just one more bullet left in the gun, only one more significant spurt of interest rate cutting before it becomes impossible to make borrowing money any cheaper. And we have not yet seen the end of the mining investment boom, it is beginning to fade now but will be making a decent contribution for a while yet.
I grow tired of you continuously mis-representing information - it is not that the second stage will do harm of itself, rather that it's contribution is likely to fall to an extent that it becomes too small to act as a major economic driver and there needs to be something solid coming along to replace it, which there does not currently appear to be.
It's amazing to see an old toothless hag like skammy argue for the sake of arguing, when without a shadow of doubt the obvious is dead in front of her.
Now where are the two forum dumnbass's......... timmy and fwanky, so I can start busting them new funholes ............
lulldapull gie us a job yosser.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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