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ABS 6202.0 - Labour Force, Australia, September 2015. Jobless rate steady at 6.2%.
Topic Started: 15 Oct 2015, 11:50 AM (1,345 Views)
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ABS data: http://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0

Employed Persons
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Unemployment Rate
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Quote:
 
SEPTEMBER KEY POINTS

TREND ESTIMATES (MONTHLY CHANGE)

Employment increased to 11,775,800.
Unemployment increased to 780,600.
Unemployment rate remained steady at 6.2%.
Participation rate increased less than 0.1 pts to 65.0%.
Monthly hours worked in all jobs increased 1.8 million hours to 1,631.9 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

Employment decreased 5,100 to 11,769,900. Full-time employment decreased 13,900 to 8,124,400 and part-time employment increased 8,900 to 3,645,500.
Unemployment decreased 8,100 to 772,500. The number of unemployed persons looking for full-time work decreased 6,000 to 556,100 and the number of unemployed persons only looking for part-time work decreased 2,200 to 216,500.
Unemployment rate remained at 6.2%, but decreased 0.1 pts based on unrounded estimates.
Participation rate decreased to 64.9%, a 0.2 pts decrease based on unrounded estimates.
Monthly hours worked in all jobs increased 12.2 million hours (0.7%) to 1,638.0 million hours.
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Shadow
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Evil Mouzealot Specufestor

But Crazy Ted told me jobs were collapsing... something about robots and Asians?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Terry
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Shadow
15 Oct 2015, 12:34 PM
But Crazy Ted told me jobs were collapsing... something about robots and Asians?
I'd imagine you and your imaginary friend probably have a similar ability to interpret data. The rationale is obvious with you lot: Only see what you want to see and you'll be fine. If you can't see anything, it doesn't exist.
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Shadow
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Terry
15 Oct 2015, 12:41 PM
I'd imagine you and your imaginary friend probably have a similar ability to interpret data. The rationale is obvious with you lot: Only see what you want to see and you'll be fine. If you can't see anything, it doesn't exist.
What do you see in the figures?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Terry
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Shadow
15 Oct 2015, 12:59 PM
What do you see in the figures?
Didn't look beyond what's posted above. Why? What does have to do with you jousting with your imaginary friend about descriptive summaries of data?
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Shadow
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Terry
15 Oct 2015, 01:08 PM
Didn't look beyond what's posted above
So your understanding is worse than that of someone who doesn't exist?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Terry
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Shadow
15 Oct 2015, 01:10 PM
So your understanding is worse than that of someone who doesn't exist?
The imaginary friend is your own mental construct, like a kid who wants to play cowboys and Indians by himself and needs someone to shoot at. The understanding of your imaginary friend is similar the opposite of what you want to believe or the subject you're looking to troll.
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Shadow
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Terry
15 Oct 2015, 01:21 PM
The imaginary friend is your own mental construct, like a kid who wants to play cowboys and Indians by himself and needs someone to shoot at. The understanding of your imaginary friend is similar the opposite of what you want to believe or the subject you're looking to troll.
Crazy Ted is real to me, and reality is all in the mind. Who's to say your reality is any more 'true' than mine?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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zaph
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Shadow
15 Oct 2015, 12:59 PM
What do you see in the figures?
Robots and Asians.
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Veritas
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WA steady at 6.1.

Participation rate is falling precipitously though.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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