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Australia's jobs report smashes expectations again; ABS 6202.0 - Labour Force, Australia, May 2017. Jobless rate falls to 4-year low of 5.5%.
Topic Started: 15 Jun 2017, 01:22 PM (4,909 Views)
Trollie
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Simon_S
15 Jun 2017, 03:55 PM
Great News Indeed........

Now The RBA no Longer needs to Lower Rates......

Meanwhile the US FED is Raising them......

Ahh....Good Times....In the Australian Economy.
We get it Timo, you're dumb no matter what the news
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Rufus
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Simon_S
15 Jun 2017, 04:47 PM
The US FED doesn't interview Australian Mortgage Holders before it Raises Rates......

Nor does the RBA for that matter.

The only take away is the Good Times are over........But you can Pretend otherwise.
You keep making the same schoolboy error.

I know you do that on purpose to annoy other bloggers, but you also do it so that you can kid yourself that in the future things will go in your favour.
It's almost sad watching you.

Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
15 Jun 2017, 05:03 PM
You keep making the same schoolboy error.

I know you do that on purpose to annoy other bloggers, but you also do it so that you can kid yourself that in the future things will go in your favour.
It's almost sad watching you.
LOL.......Keep Pretending......

And Keep paying More every time....
Trollie
15 Jun 2017, 05:00 PM
We get it Timo, you're dumb no matter what the news
Whats that.......You'll be paying more in Repayments when the Banks Pass it on.....
Edited by Simon_S, 15 Jun 2017, 05:18 PM.
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Tick Tock
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The last time Janet Yellen raised rates it was only a couple of weeks before the big 4 here also raised completley seperate from the RBA.

Lets wait and see? :bl:
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Chris
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Trollie
15 Jun 2017, 01:49 PM
so much for that recession the bears predicted about 10 times over.
Here it is for stupid cockheads like you who can't see the forest for the trees

http://www.abs.gov.au/AUSSTATS/abs@.nsf/0/FBE517ECA9B07F63CA257D0E001AC7D4?OpenDocument

Employment is consider to be anyone working 1 hour or more per week.

Your magnificent employment figures belie the underlying underemployment problem which is highlighted with poor or non existent wage growth (in real terms with inflation most people have had a wage cut) and low inflation.

Riddle me this fuktard, If these employment figures were 100% reflective of our current economy then why are we stuck on the lowest IR's of our most recent history? I'd love to hear your explanation for that........................
Edited by Chris, 15 Jun 2017, 06:35 PM.
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Rufus
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Chris
15 Jun 2017, 06:34 PM
Employment is consider to be anyone working 1 hour or more per week.

Except that 52,100 FULL TIME jobs were added in the month, and someone who works just 1 hour is NOT a full time employee.

In fact part time jobs, which would include people who might only work 1 hour decreased by 10,100.
Take risks - if you win you will become wealthy, if you lose you will become wise
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zaph
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Chris
15 Jun 2017, 06:34 PM
Employment is consider to be anyone working 1 hour or more per week.
It's a terrible measure, but it's consistent.

I work a few hours a week and are considered employed. I need 38hrs a week to feed my family. So I would think I'm mostly unemployed. ABS says I'm employed.

My wife, who mostly looks after our youngin wants 10hrs a week. She works 11 and the ABS says she is employed.

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herbie
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I don't work - 'N I don't wanna work (coz for 1 I pays too much effin' tax ta tha bludgers ta support all their other bludgers wot votes for 'em if I do; 'N for 2 I don't need ta work ta buy me own grog 'n backy plus tucker 'n pay me few modest little bills ... :) ) - So wot's I?

Oh I knows, a self funded retiree in bumf***! ... LOL

But anyways Yep, it's good news that the employment stats sound heartening ... :)
Edited by herbie, 15 Jun 2017, 07:32 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Bardon
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A Lurker
15 Jun 2017, 04:40 PM
Takeaways from this are:

- the economy is doing well, unemployment is down
- RBA rate rises are likely to be a fair time off and when they come will be modest
We are in a great wave of prosperity. Its best to stop worrying about downturns and instead preparing for the upward journey ahead.

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herbie
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Bardon
15 Jun 2017, 07:59 PM
We are in a great wave of prosperity. Its best to stop worrying about downturns and instead preparing for the upward journey ahead.

Posted Image

Just checked - Seems tha Ozbuck liked it (tha Jobs Report I means) 'n has gone up a bit.
Edited by herbie, 15 Jun 2017, 08:05 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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