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Unemployment rate decreased to 4.9% in April 2012; But 10,500 full-time jobs lost
Topic Started: 10 May 2012, 12:49 PM (5,202 Views)
Trojan
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ajGold
10 May 2012, 02:31 PM
Swan interviewed on ABC after the Budget speech indicated that unemployment is expected to rise to something around 5.8%.
ABS figures come out almost 1% lower. What's going on between Treasury and ABS here?
Swan's figures are about the expected future.
ABS' figures are about the present
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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peter fraser
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ajGold
10 May 2012, 02:31 PM
Swan interviewed on ABC after the Budget speech indicated that unemployment is expected to rise to something around 5.8%.
ABS figures come out almost 1% lower. What's going on between Treasury and ABS here?
I understand that both treasury and the RBA expect unemployment to hit 5.5% so expect this rate to increase.

I don't know the current rules for claiming unemployment, but if you get a payout I don't think that you get the dole immediately - can anyone add to that?

So there will be variations in the numbers due to that.

Any expressed market opinion is my own and is not to be taken as financial advice
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Strindberg
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Lefty
10 May 2012, 02:15 PM
Hmm - the bulk of the job creation appears to have been in Victoria.

So Victoria is outperforming the mining states? Really?

I guess this is why the ABS stresses that the survey has a margin of error.
If you only look at numbers rather than percentages you might get the wrong idea when comparing job creation in Victoria with WA. Victoria has a population much bigger than WA.

In today's release the trend unemployment rate in Victoria was unchanged at 5.5%, but fell from 4.0% to 3.9% in WA. In SA terms the unemployment rate in Victoria fell from 5.8% to 5.3%, and from 4.1% to 3.8% in WA. Both are good results.

You'll need to look elsewhere for the loop hole.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Trojan
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peter fraser
10 May 2012, 02:42 PM
I don't know the current rules for claiming unemployment, but if you get a payout I don't think that you get the dole immediately - can anyone add to that?

So there will be variations in the numbers due to that.
Aren't people who have just been made redundant but not yet eligible for the dole still counted as unemployed?
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Future
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Friggin awesome. Boom times look set to continue!
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Sydneyite
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peter fraser
10 May 2012, 02:42 PM
I understand that both treasury and the RBA expect unemployment to hit 5.5% so expect this rate to increase.

I don't know the current rules for claiming unemployment, but if you get a payout I don't think that you get the dole immediately - can anyone add to that?

So there will be variations in the numbers due to that.
Peter - surely you have read these forums long enough to know that dole registration numbers having nothing to do with how unemployment statistics are generated? It's based on a statistical survey - if someone says they don't have a job and are looking for one, then they count as unemployed irrespective of whether they are registered for the dole!
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Strindberg
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peter fraser
10 May 2012, 02:42 PM
I understand that both treasury and the RBA expect unemployment to hit 5.5% so expect this rate to increase.

I don't know the current rules for claiming unemployment, but if you get a payout I don't think that you get the dole immediately - can anyone add to that?

So there will be variations in the numbers due to that.
The ABS unemployment data comes from surveys. It has nothing to do with the dole, unemployment claims or Centrelink.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Future
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Strindberg
10 May 2012, 02:51 PM
peter fraser
10 May 2012, 02:42 PM
I understand that both treasury and the RBA expect unemployment to hit 5.5% so expect this rate to increase.

I don't know the current rules for claiming unemployment, but if you get a payout I don't think that you get the dole immediately - can anyone add to that?

So there will be variations in the numbers due to that.
The ABS unemployment data comes from surveys. It has nothing to do with the dole, unemployment claims or Centrelink.
Know a few people on the dole. Little more tham stoners and lifestylers.
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ajGold
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Mixed headlines suggest some caution on this latest figure.
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themoops
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Ruby Member
Yep. What a fail. They're all crappy part time jobs.

http://www.thepunch.com.au/articles/you-me-and-everybodys-got-a-part-time-job/

Can't see Bunnings doing too well when the crash hits harder.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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