ScoMo is glowing as the unemployment rate DROPS!!!!

What an achievement getting people off WELFARE onto a job which gives them a feeling of pride and self worth.

One shudders to think what the unemployment rate would be now if the Chinese Labor Party had gotten in - 20%!!!!! as the crazy unions shut Australian companies down at the rate of 5 a week throwing workers out on the street as the LIMA Agreement is pursued to send Australian jobs overseas as the Chinese bribe Labor to import from China.




Jobless rate edged lower to 5.2% in September
11:50am, Oct 17, 2019 Updated: 33m ago

https://1v1d1e1lmiki1lgcvx32p49h8fe-wpengine.netdna-ssl.com/wp-content/uploads/2014/06/newdaily_100614_Unemployment.jpg
The unemployment rate edged lower to a seasonally adjusted 5.2 per cent in September.

The unemployment rate edged lower to a seasonally adjusted 5.2 per cent in September, albeit driven by a drop in the participation rate.

The number of employed persons rose by a net 14,700 to 12.93 million during the month, according to data from the Australian Bureau of Statistics, with a 26,200 increase in people with full-time work and an 11,400 decrease in people with part-time work.

The participation rate fell from 66.2 per cent to 66.1 per cent.

Most economists had expected the unemployment rate to remain unchanged and the Australian dollar ticked as much as 0.5 per cent higher against the greenback to 67.90 US cents and was worth 67.86 at 12pm AEDT.

Unemployment has been one of the main factors suppressing wage growth and consumption with the result that the Reserve Bank has cut the cash rate three times in the past five months to a fresh record low 0.75 per cent.

Capital Economics senior Australia, Japan and New Zealand economist Marcel Thieliant said the central bank will be relieved, but that the jobless rate will soon rise again.

It rose to 5.3 per cent from 5.2 per cent in August.

“Employment surveys point to jobs growth slowing to around two per cent by early next year and falling job vacancies suggest that the slowdown could be even more pronounced,” Mr Thielant said.

“While job advertisements haven’t fallen much further in recent months, they still point to an unemployment rate of around 5.5 per cent.”

That is well above the RBA’s 4.5 per cent target, which Mr Thieland suggested means further rate cuts are still needed.

“We reiterate our forecast that the unemployment rate will climb to 5.5 per cent by early next year and expect the RBA to cut interest rates to 0.5 per cent in December,” he said.

“And as inflation falls further below target, we think it will follow up with another cut to 0.25 per cent by early next year and will eventually launch quantitative easing.”

-AAP

https://thenewdaily.com.au/money/finance-news/2019/10/17/jobless-rate-edged-lower-to-5-2-in-september/

their is a certain sense of calm that the noble businessman gets from having "small government" conservatives in canberra.

it makes the noble businessman more courageous to build his empire and employ a ton of aspirational smiling contributing workers as he does so.

he vibes with these people.

the same way the cry babies at centrelink vibe with shorten and albo...butt hurt, sad, never cocky confident or awesome . just mediocre

Which planet are you guys come from.  Wage growth is at an all time low, interest at all time low.  But the economic activities are very poor, so much so that there is more rate cut to come.  People are either giving up finding jobs (e.g. lower participation rate), or not earning enough to keep up. 

Nevertheless unemployment is down.

juliar wrote on Oct 17^th, 2019 at 1:20pm:

Nevertheless unemployment is down.

Yes, just like a surplus at all cost.

tickleandrose wrote on Oct 17^th, 2019 at 1:10pm:

Which planet are you guys come from.  Wage growth is at an all time low, interest at all time low.  But the economic activities are very poor, so much so that there is more rate cut to come.  People are either giving up finding jobs (e.g. lower participation rate), or not earning enough to keep up.

Would you prefer the uncertain global economic conditions and high unemployment?

That you would have got if the Chinese Labor Party had gotten in and reduced Australia to ashes funded by Chinese bribes.

Gordon wrote on Oct 17^th, 2019 at 1:30pm:

tickleandrose wrote on Oct 17th, 2019 at 1:10pm: Which planet are you guys come from.  Wage growth is at an all time low, interest at all time low.  But the economic activities are very poor, so much so that there is more rate cut to come.  People are either giving up finding jobs (e.g. lower participation rate), or not earning enough to keep up.  Would you prefer the uncertain global economic conditions and high unemployment?

I prefer, smarter investment and policies to steer Australia into the new century, rather than digging up coals with robots, and load up to into ships.  I would like to see we value add to all those iron ores we export, giving our next generation a chance to prosper. 

If the unemployment numbers go down these days it usually means a lot of people have given up looking for work - especially full time work - and they're no longer registered with Centrelink (which, presumably, is how they determine the unemployment numbers).

Some may even just be working a few hours a week to get themselves off Centrelink benefits and the hassles that go with it.

Nothing to do with Scott Morrison. Well, actually, I suppose it does - ScoMo and his bunch of useless clowns are actually making unemployment worse with their ongoing incompetence.

Carl D has the usual pessimism of the Lefties who see failure in everything.

T&R, while ever the unions can wreck any and every business then your nice vision can't happen.

Australia needs to LOWER the cost of living by reducing power prices, for one, as this increases the value of wages.

As Australia is in open competition with overseas companies with low costs and wages then Australia has to match these.

So you can't have the anti Australian unions screeching for wage increases way above any value of worker productivity as this simply means the business will go bankrupt and leave Australia like Ford and Holden and Toyota did when they were chased out of Australia by the evil brutal union thugs.

The one million Australians forgotten in the unemployment statistics   :(
17 Oct 2019  New Daily

Australia’s jobless rate dipped slightly on Thursday from 5.3 per cent to 5.2 per cent.

That’s around 709,000 people officially unemployed in Australia.

While any reduction in unemployment is generally to be welcomed, one economist reckons there’s little to cheer about, arguing that the 709,000 figure is a myth, and that our true number of unemployed is more like a staggering 2.9 million people.

And that is down largely to a shadowy, little-known group called the “marginally attached” which comprises around 1.055 million Australians.

The marginally attached is a group that is counted among neither the unemployed nor the underemployed.

They are people who would like to work, and are available to work, but aren’t looking, mainly because they think there are no jobs for them.

They are also referred to as “discouraged workers” – people who have applied for job after job but eventually give up on the prospect of finding work.

And Dr Jim Stanford, the chief economist with The Centre for Future Work, believes there’s a case to consider the marginally attached as part of Australia’s genuinely unemployed.

Dr Stanford said if you count the marginally attached, our unemployment rate would be a touch under 12 per cent – not the 5.2 per cent commonly used.

He also argues that if you include the “underemployed” – people  working some hours, but who would like to work more – the unemployment rate tops 19.7 per cent, based on the September numbers of underemployed of 1.139 million people.

Dr Stanford said combining the marginally attached and underemployed with the officially unemployed provided a truer picture of the jobs market.

“This says to me that one in five potential workers in Australia, or about 20 per cent, are people who want to work, want to work more, aren’t working at all, or working less than they want to,” Dr Stanford said.   

“The reality is there’s an enormous pile of people who could work and contribute enormously to our economic performance, but are sitting on the sidelines.”

Bear in mind that to qualify as officially unemployed, a worker cannot have worked at all during the week covered by the monthly ABS survey.

If they worked even one hour, they’re not unemployed, but are a part-time worker.

An unemployed worker must also prove they have been seeking work actively enough to meet the ABS definition, which can mean registering with an employment agency, submitting applications, or starting a business.

“Because of these hurdles, hundreds of thousands of Australians who want work [or want more work] are excluded from the official unemployment number,” Dr Stanford noted.

Considering the marginally attached as part of the nation’s jobs market was important because, as people who had repeatedly tried to get work but been knocked back, they were a barometer of the toughness of the market.
Don’t mind the quality – feel the width

APAC economist with jobs site Indeed Callam Pickering agreed the unemployment rate was “narrowly defined”, and there was a case for the marginally attached to be considered as part of it.

“Ultimately, if you are in a tough labour market where there are not many jobs being created, or the wrong types of jobs being created, job seekers can easily become discouraged and easily fall out of that labour market,” Mr Pickering said.

But there have been plenty of new jobs.

Around 311,000 jobs have been created in the year to September, making it the longest period of consecutive jobs growth since 1978, when the ABS began recording monthly job statistics.

But Dr Stanford and Mr Pickering point out that there are jobs and jobs.

“Employment growth is actually softening,” Mr Pickering said.

“The quality of jobs being created is not what it was 12 months or even two years ago.”

Over the past year, an estimated 60 per cent of the new jobs created were full time, which was lower than average, and most of these were concentrated in Sydney and Melbourne.

“A lower share of these jobs are full time … and the growth in hours worked is growing slower than overall employment, which means average hours are declining, which speaks to the quality of jobs being created.”

Job creation was “not that bad, but not great either”, Dr Stanford said.

“I certainly don’t buy the shorthand of the government, that job creation has been excellent … the quality of jobs has been deteriorating and more and more jobs are part time, so the ability of people to support themselves from these jobs is questionable.”   :(

whiteknight wrote on Oct 18^th, 2019 at 6:10am:

The one million Australians forgotten in the unemployment statistics   :( 17 Oct 2019  New Daily Australia’s jobless rate dipped slightly on Thursday from 5.3 per cent to 5.2 per cent. That’s around 709,000 people officially unemployed in Australia. While any reduction in unemployment is generally to be welcomed, one economist reckons there’s little to cheer about, arguing that the 709,000 figure is a myth, and that our true number of unemployed is more like a staggering 2.9 million people. And that is down largely to a shadowy, little-known group called the “marginally attached” which comprises around 1.055 million Australians. The marginally attached is a group that is counted among neither the unemployed nor the underemployed. They are people who would like to work, and are available to work, but aren’t looking, mainly because they think there are no jobs for them. They are also referred to as “discouraged workers” – people who have applied for job after job but eventually give up on the prospect of finding work. And Dr Jim Stanford, the chief economist with The Centre for Future Work, believes there’s a case to consider the marginally attached as part of Australia’s genuinely unemployed. Dr Stanford said if you count the marginally attached, our unemployment rate would be a touch under 12 per cent – not the 5.2 per cent commonly used. He also argues that if you include the “underemployed” – people  working some hours, but who would like to work more – the unemployment rate tops 19.7 per cent, based on the September numbers of underemployed of 1.139 million people. Dr Stanford said combining the marginally attached and underemployed with the officially unemployed provided a truer picture of the jobs market. “This says to me that one in five potential workers in Australia, or about 20 per cent, are people who want to work, want to work more, aren’t working at all, or working less than they want to,” Dr Stanford said.    “The reality is there’s an enormous pile of people who could work and contribute enormously to our economic performance, but are sitting on the sidelines.” Bear in mind that to qualify as officially unemployed, a worker cannot have worked at all during the week covered by the monthly ABS survey. If they worked even one hour, they’re not unemployed, but are a part-time worker. An unemployed worker must also prove they have been seeking work actively enough to meet the ABS definition, which can mean registering with an employment agency, submitting applications, or starting a business. “Because of these hurdles, hundreds of thousands of Australians who want work [or want more work] are excluded from the official unemployment number,” Dr Stanford noted. Considering the marginally attached as part of the nation’s jobs market was important because, as people who had repeatedly tried to get work but been knocked back, they were a barometer of the toughness of the market. Don’t mind the quality – feel the width APAC economist with jobs site Indeed Callam Pickering agreed the unemployment rate was “narrowly defined”, and there was a case for the marginally attached to be considered as part of it. “Ultimately, if you are in a tough labour market where there are not many jobs being created, or the wrong types of jobs being created, job seekers can easily become discouraged and easily fall out of that labour market,” Mr Pickering said. But there have been plenty of new jobs. Around 311,000 jobs have been created in the year to September, making it the longest period of consecutive jobs growth since 1978, when the ABS began recording monthly job statistics. But Dr Stanford and Mr Pickering point out that there are jobs and jobs. “Employment growth is actually softening,” Mr Pickering said. “The quality of jobs being created is not what it was 12 months or even two years ago.” Over the past year, an estimated 60 per cent of the new jobs created were full time, which was lower than average, and most of these were concentrated in Sydney and Melbourne. “A lower share of these jobs are full time … and the growth in hours worked is growing slower than overall employment, which means average hours are declining, which speaks to the quality of jobs being created.” Job creation was “not that bad, but not great either”, Dr Stanford said. “I certainly don’t buy the shorthand of the government, that job creation has been excellent … the quality of jobs has been deteriorating and more and more jobs are part time, so the ability of people to support themselves from these jobs is questionable.”   :(

Good to see the real facts.

One day Whiteknight will get a job

:)

Baronvonrort wrote on Oct 18^th, 2019 at 7:46am:

One day Whiteknight will get a job :)

Pretty sure whitey has retired and now spends his days releasing relevent info that highlights what an incompetent pack of fools the libs are. Sad you can't take the heat. ;D ;D ;D

whiteknight wrote on Oct 18^th, 2019 at 6:10am:

While any reduction in unemployment is generally to be welcomed, one economist reckons there’s little to cheer about, arguing that the 709,000 figure is a myth, and that our true number of unemployed is more like a staggering 2.9 million people.

Yes. 709,000 is definitely a myth.

I remember when the Federal government stopped giving unemployment statistics as an actual number, could have been the late 80's or early 90's.

The number was gradually increasing - 700,000... 750,000... 800,000... 850,000... 900,000. The last actual figure I saw was around about 950,000 from memory.

Just when the number was going the hit the "politically sensitive" one million mark we started seeing percentages - 5%, 6%, etc. Looks much better for the government, doesn't it?

And, since the population is going up all the time along with the number of unemployed, the unemployment figure always stays around 5% despite the fact that we probably now have around 2 to 3 million umemployed.

I would like to see a 'real' number given by the government for the unemployed like it used to be before we hit the million mark many years ago - I won't be holding my breath though.

Wow - and just yesterday the discussion on radio (I turned it on for a few minutes in the car) was about fears it will rise hugely... then on the TV news the word was unemployment needed to come down to 4.2% at least if the RBA is not to be forced into more action ..... then there was discussion of increasing participation rates of older people and women since these needed to work to make more to pay the rising bills....

Jeez - I'm in the job market at 70.. and galloping like a gazelle... got a couple of feelers out... might get an ABN and work out that running the car to work was a deductible cost...

Baron, BlackDay would not work in an iron lung. He is a union/GetUp! propaganda parrot on Newstart. Squawk!!!

But just think of the 20% unemployment that would be here if the Chinese Labor Party had gotten in as the Chinese bribed the Commo unions to force Australian companies to go bankrupt with ridiculous wage demands so that Australia would then import from China.

And UBER and the Qld fruit growers and cane toad trappers are crying out for workers.

Juliar  - are you saying that every
unemployed person is receiving the dole?

I estimate the true number of
unemployed at 3 million.

The economy is a fickle beast driven up or down by human emotions..fear and hunger ( not greed only nasty bastards call ambition greed)

There are probably a lot of otherwise retired people still working since retirement income streams have been dented
Eventually intrest rates will rise and there will be lots of vacancies created in a short period of time
The unemployment rate reducing is the first sign of a recovery and should be celebrated.
Of course the dull plodding left indotrinated souls can find something to moan about becsuse that is their mindset

Some people are just not happy unless they are whinging.

juliar wrote on Oct 18^th, 2019 at 11:19am:

Some people are just not happy unless they are whinging.

3 million unemployed people.

Bobby. wrote on Oct 18^th, 2019 at 12:40pm:

juliar wrote on Oct 18th, 2019 at 11:19am: Some people are just not happy unless they are whinging. 3 million unemployed people.

we know you are employed as a masseur in a gay brothel.

Bobby. wrote on Oct 18^th, 2019 at 12:40pm:

3 million unemployed people.

Would probably be even more than that if working just one hour per week wasn't classified as being employed.

https://www.abc.net.au/news/2019-05-17/one-hour-workers-one-hour-employment-jobs-unemployment/11118506

And BazzaFromTheScrub gives everyone a look at his secret after life.

And UBER and the Nth Qld fruit growers and the Cane Toad Catchers are begging for workers.

Carl D wrote on Oct 18^th, 2019 at 12:46pm:

Bobby. wrote on Oct 18th, 2019 at 12:40pm: 3 million unemployed people. Would probably be even more than that if working just one hour per week wasn't classified as being employed. https://www.abc.net.au/news/2019-05-17/one-hour-workers-one-hour-employment-jobs-unemployment/11118506

Both Labor and Liberal have been fiddling the
unemployment statistics for at least 40 years.

Our real number of unemployed is about 3 million people.

The header should read

THE GRUBBERMENT HAS FOUND NEW WAYS TO HIDE UNEMPLOYMENT AND UNDEREMPLOYMENT.

juliar wrote on Oct 17^th, 2019 at 1:20pm:

Nevertheless unemployment is down.

Nationally, unemployment is down. In Queensland, unemployment is up. That is despite our state making a lot of jobs. Unemployment is down in other states because you guys are making your way up here.

juliar wrote on Oct 17^th, 2019 at 12:21pm:

What an achievement getting people off WELFARE onto a job which gives them a feeling of pride and self worth.

Quote:

The unemployment rate edged lower to a seasonally adjusted 5.2 per cent in September, albeit driven by a drop in the participation rate.

Looks like Juliar is doing a bit of lying

The reduction in the unemployment rate was driven by a drop in the participation rate. Not by an increase in jobs

Poor Juliar has no idea

The_Barnacle wrote on Oct 19^th, 2019 at 11:02am:

juliar wrote on Oct 17th, 2019 at 12:21pm: What an achievement getting people off WELFARE onto a job which gives them a feeling of pride and self worth. Quote: The unemployment rate edged lower to a seasonally adjusted 5.2 per cent in September, albeit driven by a drop in the participation rate. Looks like Juliar is doing a bit of lying The reduction in the unemployment rate was driven by a drop in the participation rate. Not by an increase in jobs Poor Juliar has no idea

That couldn't possibly be true... Juliar?  Never!

/s

The_Barnacle wrote on Oct 19^th, 2019 at 11:02am:

juliar wrote on Oct 17th, 2019 at 12:21pm: What an achievement getting people off WELFARE onto a job which gives them a feeling of pride and self worth. Quote: The unemployment rate edged lower to a seasonally adjusted 5.2 per cent in September, albeit driven by a drop in the participation rate. Looks like Juliar is doing a bit of lying The reduction in the unemployment rate was driven by a drop in the participation rate. Not by an increase in jobs Poor Juliar has no idea

Tell that to Peccarhead.

miketrees wrote on Oct 18^th, 2019 at 11:08am:

The economy is a fickle beast driven up or down by human emotions..fear and hunger ( not greed only nasty bastards call ambition greed) There are probably a lot of otherwise retired people still working since retirement income streams have been dented Eventually intrest rates will rise and there will be lots of vacancies created in a short period of time The unemployment rate reducing is the first sign of a recovery and should be celebrated. Of course the dull plodding left indotrinated souls can find something to moan about becsuse that is their mindset

... only nasty bastards call greed ambition...

juliar wrote on Oct 18^th, 2019 at 11:19am:

Some people are just not happy unless they are whinging.

YEAH!  Look at the way they constantly attack Labor (for whom I hold no brief as they currently stand - look at Anna Bligh and the Pale Ass Chick in Queenslund where they do things diff'runtly - you mark their words) who haven't held power in Parliament for over six years.... but they're still stuffing it all up!!!

Now when Labor divests itself of this feminist and affirmative action insanity and of this self-interest above all else and using political position as a career enhancer instead of service to the people and finds itself again.... they might have a chance... you listening, Bill etc?

Meantime Labor desperately needs a major purge.... and a re-boot... where it belongs...

The Lefties' disillusionment with their Socialist HEROES is saddening.

But the enlightened voters saw the light of Salvation being held high by their Messiah ScoMo and so they shoved soiled Shorty into an ALDI brown paper bag.

It must have been disappointing for the Chinese to see their Chinese Labor Party defeated after they had paid so many Chinese Bribes to them.

There are massive employment opportunities up in Qld putting the WELFARE bludgers to work catching cane toads.

Are you suffering from Job Fever or Unemployment Flu that's going around this Spring and Summer?

Try Dr Morrison's NEW Unemployment Drops - clears that stuffy wallet in seconds, and opens the breathing channels so you can scream loudly about injustice ....

All new Dr Morrison's patented cure - in high octane capsules and in powder or liquid form...

..... if unemployment pain persists see your Centrelink doctor...

Is the Grappler crying out for HELP ?  Is the poor coot at the end of his tether ?

Perhaps he should watch Jimmy Swaggart on ch 55 Wollongong to receive Salvation from his plight and agony.