I don't believe you are a Construction Engineer, you are full of BS. You could not engineer a pile of Lego into a building let alone anything else. You are just a sock puppet.
If you don't believe that I am a Construction Engineer then I don't believe that you build houses or that MIS lives in China or Peter works in finance.
This is an anonymous forum after all.
You could be all of the above or you could just be a 16 year old troll living in his mums basement.
If you decide that I am a Sock Puppet or liar, then you would also have to acknowledge the fact that you could be seen to be the same.
I take people on face value. Some people on here make sense and others don't.
I believe that MIS lives in China, I believe that Peter Fraser works in banking.
My opinion of you so far is that you have an understanding of economics but it is skewed by your vested personal interests. Some of what you say adds up and some doesn't make any sense at all.
I am a Construction Engineer. I graduated as a mature student at 28 and I have managed some very ground breaking projects. Whether you believe that or not makes no difference to me.
You are just an anonymous person on a forum.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
13,672 new full time jobs created. 12,427 part time jobs lost. Im sure most people prefer full time work, maybe this is why we see increased activity in the property market with so many more people in full time work.
Why are so many full time jobs being created and this is when the National Figure increased to 6.4%, WA was creating thousands of full time jobs. Augusts numbers should be interesting when we get them.
You starting to get the picture Jimbo as to why I say you're limited observations have no bearing on actual reality of what most people in WA are experiencing. Where is the slow down you say you see, as all I see is more people in work and a hell of a lot of activity around Perth. The data supports what I see, it does not support you're stated view point.
See the employment growth rate, 3.2%. Population growth rate from the last ABS data shows WA growing at 2.9% so job creation appears to be outpacing population growth even though population growth remains very high although has decreased from its all time high.
Mike - you are getting pretty close to Skamy's magic land moment. It may be an idea to quit while you are a (dick) head.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
If you don't believe that I am a Construction Engineer then I don't believe that you build houses or that MIS lives in China or Peter works in finance.
This is an anonymous forum after all.
You could be all of the above or you could just be a 16 year old troll living in his mums basement.
If you decide that I am a Sock Puppet or liar, then you would also have to acknowledge the fact that you could be seen to be the same.
I take people on face value. Some people on here make sense and others don't.
I believe that MIS lives in China, I believe that Peter Fraser works in banking.
My opinion of you so far is that you have an understanding of economics but it is skewed by your vested personal interests. Some of what you say adds up and some doesn't make any sense at all.
I am a Construction Engineer. I graduated as a mature student at 28 and I have managed some very ground breaking projects. Whether you believe that or not makes no difference to me.
You are just an anonymous person on a forum.
Just playing you at you're own game, you are the one who started down this slipperly slope.
newjez
12 Sep 2014, 05:58 PM
Mike - you are getting pretty close to Skamy's magic land moment. It may be an idea to quit while you are a (dick) head.
So you dont believe WA treasury data and ABS data on employment.
Just to make clear you consider ABS and Treasury data to be "magic"
Just playing you at you're own game, you are the one who started down this slipperly slope. So you dont believe WA treasury data and ABS data on employment.
Just to make clear you consider ABS and Treasury data to be "magic"
I would term you as being a (fuck) wit.
Mike - it doesn't matter what I consider to be true.
If the unemployment figures were correct, then there would be an emergency interest rates rise of 1% today.
The fact that the dollar is falling like a rock, implies that its not right, and everyone in the world, including the abs considers the figures to be rubbish. You seem to be saying that these figures are right, but all the other figures have been wrong.
Brave for taking a lone stand. But it is a lone stand. You against the whole world.
Mike - what you should say - these figures look dodgy, lets wait till next month to see what happens.
When you say - ah - these figures fit with my view of the world, it just destroys any credibilty you may have had.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Just playing you at you're own game, you are the one who started down this slipperly slope. So you dont believe WA treasury data and ABS data on employment.
Just to make clear you consider ABS and Treasury data to be "magic"
I would term you as being a (fuck) wit.
If memory serves me correctly, you called me an out and out liar before I had ever said anything contrary to your POV.
It seems though that today you have been outed. Not as a liar. But as an embellisher of the truth.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Mike - it doesn't matter what I consider to be true.
If the unemployment figures were correct, then there would be an emergency interest rates rise of 1% today.
The fact that the dollar is falling like a rock, implies that its not right, and everyone in the world, including the abs considers the figures to be rubbish. You seem to be saying that these figures are right, but all the other figures have been wrong.
Brave for taking a lone stand. But it is a lone stand. You against the whole world.
Mike - what you should say - these figures look dodgy, lets wait till next month to see what happens.
When you say - ah - these figures fit with my view of the world, it just destroys any credibilty you may have had.
From the ABS.
Quote:
The ABS stood by its report. Acting chief statistician Peter Harper said the bureau had thoroughly investigated the survey and not found any evidence of problems.
“The August numbers were compiled in accordance with our high professional standards,” Mr Harper said. “There were no methodological changes made in August that would explain the significant increase in part-time employment
I not saying either data is right or wrong, the data is what it is. The ABS has stated the data is correct and it is not due to sample rotation as only 1/8th of the sample rotation occurs from month to month.
The only peope objecting to the data are bears who simply dont want to believe that employment can improve. The size of the improvement will be revealed over the comming months.
My world view tends to line of with the data from the ABS, WA treasury and other offical data providers.
My world view tends to line of with the data from the ABS, WA treasury and other offical data providers.
or when it suits....
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
There was at least one alarming feature flowing from yesterday’s jobs number: The seeming inability of the nation, well the nation’s commentators, policymakers and economists, to celebrate what was in truth a fantastic outcome.
Let’s face the facts: The labour force figures are volatile, they have been since inception. There is nothing new in that. The skill is in determining the underlying trend within that volatility, which is to determine whether a figure is truly anomalous, such as last month’s lift in the unemployment rate, or representative of something new. Like the recent surge in jobs growth in 2014.
In trying to do that, it makes no sense to say that we can’t believe the figures at all or that even the trend is no longer reliable. That’s sloppy. If that is the case this month then it must be the case every month.
It’s not a question then, of whether that 121,000 gain was literal truth. That number is as reasonable and believable as any other month’s result. It’s as believable as that spike in the unemployment rate to 6.4 per cent (see my piece Take Australia's unemployment rate shocker with a grain of salt, August 13). We should take these numbers with a grain of salt because they are volatile.
Yet even taking the lower-bound estimate of jobs growth from the ABS, the economy still created 63,000 jobs in August. This is still a very strong number that confirms a marked uptick in job creation this year. This is the awful truth about Australia’s jobs figures. They show an undeniable and strong acceleration. Smoothing out the monthly volatility, and allowing for a sizeable correction from this month’s job gain, about 20,000 to 30,000 jobs are being created a month, compared to 5,000 in 2013. Importantly, this was an up-trend that was in place prior to this latest ‘unbelievable’ jobs spike.
There is quite simply no escaping the fact that the labour market and the broader economy are doing much better than widely believed. Two hundred and thirty six thousand jobs have been created so far this year. There are 126,000 people in full-time employment and 109,000 in part-time.
It’s a split that shows broad-based jobs growth. Indeed, annual employment growth is at its strongest in about three years. These are not figures that can be ignored just because you don’t like them, and they are consistent with three other developments.
1. The national accounts showing the economy growing above trend.
2. Inflation is elevated and already at the top of the bad -- this wouldn’t be happening if the economy was weak.
3. Jobs growth is also surging in the US, UK and New Zealand. Jobs growth in the UK is at a 40-year high.
Why is it so difficult to believe that if two nations who were brought to their knees during the GFC can post strong jobs growth, then Australia can’t? I think it more likely that economists don’t understand what’s going on in the Australian economy.
I explained in my piece, Australia's coming jobs boom (August 5), why analysts should have been expecting a marked lift in jobs growth, maybe it wasn’t 121,000 in August. Then again, maybe it was.
Either way the biases and problems that impacted the survey this month are with us every month. With that in mind, current trends suggest the unemployment rate looks set to drop to 5.5 per cent by mid-next year, by which stage the economy will have created nearly half a million jobs.
Indeed, if the participation rate had stayed constant, then the unemployment rate would be 5.7 per cent today. By the way, that the participation rate rise is a very positive thing. We need greater participation, not less, and that rising participation rate is another consistent feature of recent results. If readers recall, it was the main reason I wasn’t worried about the lift in the unemployment rate last month and that proved to be the right call.
The sad truth is that the main reason yesterday’s numbers were so widely dismissed, is because they conflict with the prevailing view that the economy is weak. A more balanced and reasonable assessment would be that the economy is not as weak as initially thought. That is after all, what all the evidence shows.
unions accepting a reduction in minimum wages: CFMEU agrees to slash wages in WA "with a new union-agreement reducing labour costs for employers by up to 20 per cent."
it is an odd one... usually in times of massive reduction in unemployment one would not expect
I could start a thread about Perth property prices being down 0.25% in the last month.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
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