Be sceptical about the jobs numbers

Stephen Long, the economic correspondent at the ABC says investors should “be sceptical” about the Australian jobs numbers that were just released for October. He says “the seasonally adjusted labour force estimates from the Australian Bureau of Statistics for October sound incredible and they should be treated as just that: not credible. Don't believe politicians as they gloat and claim credit. Don't believe the wire services when they report the estimates as fact.” Craig James of Commsec is also doubtful, saying "It's hard to believe that almost 60,000 jobs were created in one month with 40,000 of these jobs in full-time positions." Don’t be surprised if the numbers get revised. (VIEW LINK)


Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter