Business
Reality Underemployed: time for truth in jobless figures – Michael West News
It is time the ABS changed the way it reported unemployment figures. Australia’s real unemployment rate is closer to 13% than 7%.
It might be time for the unemployment rate published by Australias Bureau of Statistics (ABS) to be put out to pasture. Like a faithful old Clydesdale that has ploughed paddocks and carted hay for decades, the unemployment rate has been put to some demanding tasks. While it has been replaced by the steam engine that is Roy Morgans real unemployment rate, we may need to consider other alternatives altogether.
Because it also depends on what we wish to achieve.
Neither of the two most oft-quoted…
-
General9 hours agoAlleged Croydon Park gunman Artemios Mintzas charged with 25 offences
-
Noosa News23 hours agoProtest calls for shark net removal
-
General22 hours agoThree youths in police custody after fire at Ashley Youth Detention Centre in northern Tasmania
-
Business21 hours agoWhy this speculative ASX stock is jumping 6% today