Australian Politics Forum - The Unemployment Numbers Climb Up

Sir Crook

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The Unemployment Numbers Climb Up
Feb 18^th, 2016 at 11:04am

Unemployment climbs back to 6 per cent Sad

Date
February 18, 2016
Sydney Morning Herald

The unemployment rate jumped back to 6 per cent in January, as the job market shrunk by about 8000, according to the Australian Bureau of Statistics. Sad

The official rate, which many economists have been questioning, compares with 5.8 per cent in December.

The result was below expectations, and the Australian dollar immediately dropped about 0.5 per cent, to around US71.40¢.

The ABS said on Thursday that, seasonally-adjusted, the number of full-time employed dropped 40,600, while the number of part-time employed increased by 32,700.

The participation rate held steady at 65.2 per cent.

The ABS had warned that the rotation of half its survey group may have distorted the month-on-month comparison. Sad

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Carl D

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Re: The Unemployment Numbers Climb Up
Reply #1 - Feb 18^th, 2016 at 11:25am

Hmm... 6 percent.

I wonder if we'll ever see the unemployment numbers shown as an actual number ever again? Like they used to do many years ago.

I think I've mentioned this once or twice before but it seems to me like they started giving the unemployment figures as a percentage instead of a number when it was getting close to the 'politically sensitive' one million mark. I seem to recall a number of about 975,000 before it was changed to a percentage.

And that was a LONG time ago.

Anyone prepared to take a guess at what the actual unemployment number would be today? My guess would be at least a million and a half.

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polite_gandalf Gold Member Offline Australian Politics Posts: 20027 Canberra Gender:	Re: The Unemployment Numbers Climb Up Reply #2 - Feb 18^th, 2016 at 11:30am As others have pointed out before, in the current climate of rock-bottom wage growth, unemployment is expected to stay relatively low. But it doesn't necessarily point to a healthy economy
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Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: The Unemployment Numbers Climb Up Reply #3 - Feb 18^th, 2016 at 11:32am The unemployment figures are a statistical sample, so they can be expected to bounce around a bit month to month.
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double plus good Gold Member Offline Australian Politics Posts: 5693 Gender:	Re: The Unemployment Numbers Climb Up Reply #4 - Feb 18^th, 2016 at 11:42am There's not enough jobs yet the high ups are pumping the country full of immigrants. That doesn't make sense.
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Sir lastnail

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Re: The Unemployment Numbers Climb Up
Reply #5 - Feb 18^th, 2016 at 11:51am

double plus good wrote on Feb 18^th, 2016 at 11:42am:

There's not enough jobs yet the high ups are pumping the country full of immigrants. That doesn't make sense.

The pollies here thinks its a great idea because they know most of them will have to live off credit cards and so they can fuel the economy with more and more debt that the pollies can tax !!

Not only that more migrants mean bigger hospitals and more staff thus creating larger non productive industries !!

Mass immigration is lazy policy that only works in the short term but four a 3 year political cycle that's all they need Wink

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Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: The Unemployment Numbers Climb Up Reply #6 - Feb 18^th, 2016 at 11:52am 1 million new jobs
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polite_gandalf

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Re: The Unemployment Numbers Climb Up
Reply #7 - Feb 18^th, 2016 at 12:09pm

Sir lastnail wrote on Feb 18^th, 2016 at 11:51am:

double plus good wrote on Feb 18^th, 2016 at 11:42am:

There's not enough jobs yet the high ups are pumping the country full of immigrants. That doesn't make sense.

The pollies here thinks its a great idea because they know most of them will have to live off credit cards and so they can fuel the economy with more and more debt that the pollies can tax !!

Not only that more migrants mean bigger hospitals and more staff thus creating larger non productive industries !!

Mass immigration is lazy policy that only works in the short term but four a 3 year political cycle that's all they need Wink

Simplistic logic that ignores a number of complicating factors:

1. There is a lack of essential skills in areas such as medicine that can only be filled by importing them. And its not as if we haven't tried to fill that shortage by training locals.

2. There's always going to be a certain level of "mass" immigration that is unavoidable - namely through family reunion and refugee intake - which no one seriously disputes we don't have a moral obligation towards.

3. a very large proportion of our immigrant population consists of people from the UK and NZ who are given a virtually "open door" permission into and out of Australia - and therefore are not counted or affected under the official immigration program.

While there is no doubt scope to tighten up on certain areas like 457 visa rorting, there is no evidence, nor any logic to the claim that current immigration levels is causing unemployment in Australia - nor indeed any evidence to suggest it is causing any sort of decline in living standards.

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double plus good

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Re: The Unemployment Numbers Climb Up
Reply #8 - Feb 18^th, 2016 at 12:48pm

polite_gandalf wrote on Feb 18^th, 2016 at 12:09pm:

Sir lastnail wrote on Feb 18^th, 2016 at 11:51am:

double plus good wrote on Feb 18^th, 2016 at 11:42am:

There's not enough jobs yet the high ups are pumping the country full of immigrants. That doesn't make sense.

The pollies here thinks its a great idea because they know most of them will have to live off credit cards and so they can fuel the economy with more and more debt that the pollies can tax !!

Not only that more migrants mean bigger hospitals and more staff thus creating larger non productive industries !!

Mass immigration is lazy policy that only works in the short term but four a 3 year political cycle that's all they need Wink

Simplistic logic that ignores a number of complicating factors:

1. There is a lack of essential skills in areas such as medicine that can only be filled by importing them. And its not as if we haven't tried to fill that shortage by training locals.

2. There's always going to be a certain level of "mass" immigration that is unavoidable - namely through family reunion and refugee intake - which no one seriously disputes we don't have a moral obligation towards.

3. a very large proportion of our immigrant population consists of people from the UK and NZ who are given a virtually "open door" permission into and out of Australia - and therefore are not counted or affected under the official immigration program.

While there is no doubt scope to tighten up on certain areas like 457 visa rorting, there is no evidence, nor any logic to the claim that current immigration levels is causing unemployment in Australia - nor indeed any evidence to suggest it is causing any sort of decline in living standards.

So how do you feel when a person who just flew in takes a job away from a person who's family has been here for generations. It happens all of the time.

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Sir lastnail

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Re: The Unemployment Numbers Climb Up
Reply #9 - Feb 18^th, 2016 at 1:59pm

polite_gandalf wrote on Feb 18^th, 2016 at 12:09pm:

Sir lastnail wrote on Feb 18^th, 2016 at 11:51am:

double plus good wrote on Feb 18^th, 2016 at 11:42am:

There's not enough jobs yet the high ups are pumping the country full of immigrants. That doesn't make sense.

The pollies here thinks its a great idea because they know most of them will have to live off credit cards and so they can fuel the economy with more and more debt that the pollies can tax !!

Not only that more migrants mean bigger hospitals and more staff thus creating larger non productive industries !!

Mass immigration is lazy policy that only works in the short term but four a 3 year political cycle that's all they need Wink

Simplistic logic that ignores a number of complicating factors:

1. There is a lack of essential skills in areas such as medicine that can only be filled by importing them. And its not as if we haven't tried to fill that shortage by training locals.

2. There's always going to be a certain level of "mass" immigration that is unavoidable - namely through family reunion and refugee intake - which no one seriously disputes we don't have a moral obligation towards.

3. a very large proportion of our immigrant population consists of people from the UK and NZ who are given a virtually "open door" permission into and out of Australia - and therefore are not counted or affected under the official immigration program.

While there is no doubt scope to tighten up on certain areas like 457 visa rorting, there is no evidence, nor any logic to the claim that current immigration levels is causing unemployment in Australia - nor indeed any evidence to suggest it is causing any sort of decline in living standards.

That is nothing more than a self fulfilling prophecy. Bring more people into the country and the services industries expand but the real wealth creating industries do not change. Pollies are just using mass immigration as a blunt tool for running their economies for short term gains as well as keeping the property ponzi scheme going and stopping the banks from collapsing which are over leveraged and over exposed to a property bubble !

In the 50's mass immigration worked because we had real productive industries requiring semi and unskilled labour forces. The 1950's is long gone and this idea that you can create prosperity from mass immigration and selling cups of coffee and training up more medical staff is an absolute myth.

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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: The Unemployment Numbers Climb Up Reply #10 - Feb 18^th, 2016 at 4:11pm Quote: Unemployment climbs back to 6 per cent can't be .... Maria says unemployment is falling
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Bam

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Re: The Unemployment Numbers Climb Up
Reply #11 - Feb 18^th, 2016 at 4:54pm

Quote:

Unemployment climbs back to 6 per cent

A more accurate statement:

A new statistical sample of the Australian population had 6.0% of the people sampled reporting as unemployed according to the standard method used for counting someone as unemployed.

Pedantic, I know, but so many people assume that the ABS sample has no margin of error. It does, because it is a sample. That's why the figures changing by 0.2% month to month isn't that unusual.

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Kat Gold Member Offline Socialism IS the answer. Posts: 17709 Everywhere and no-where Gender:	Re: The Unemployment Numbers Climb Up Reply #12 - Feb 18^th, 2016 at 6:05pm John Smith wrote on Feb 18^th, 2016 at 4:11pm: Quote: Unemployment climbs back to 6 per cent can't be .... Maria says unemployment is falling Nah, that'd be her IQ.
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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: The Unemployment Numbers Climb Up Reply #13 - Feb 18^th, 2016 at 6:09pm Kat wrote on Feb 18^th, 2016 at 6:05pm: John Smith wrote on Feb 18^th, 2016 at 4:11pm: Quote: Unemployment climbs back to 6 per cent can't be .... Maria says unemployment is falling Nah, that'd be her IQ. boom boom
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Sir Grappler Truth Teller OAM Gold Member Offline Australian Politics Posts: 89928 Proud Old White Australian Man Gender:	Re: The Unemployment Numbers Climb Up Reply #14 - Feb 18^th, 2016 at 6:12pm This week on Fuxtel - the Australian Classic movie - "Forty Thousand Less Men".
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