Dan Petrie

The chart below shows Australia's jobless rate versus the U.S, UK, Eurozone and Japan.


Comments

Please sign in to comment on this wire.
Medium screen shot 2017 02 28 at 8.02.18 pm

Patrick Poke

It's interesting that while Japan's economy has been one of the worst performing (if not THE worst performing) developed economy in the world for many years now, yet it is able to maintain full employment across the cycle.

Avatar fallback

david greenhalgh

Its partly due to corporate welfare (the social contract between govt and big companies), but mostly due to demographics. The economy has actually done okay on a per capita basis since the 90s.

Medium 0 x9j4kpqfenflpuqt0bhwkaqaeqatpfntgadbkanpbclliwt 1rdqolggqylyxhbyyzr6xnhhqs3n

Dan Petrie

Hello David, quite right and Pat for all the naysayers on the ABS data Australia's unemployment has been driven lower by the powerhouse that is New South Wales. In light of the depression surrounding WA and Qld the job numbers are quite solid.

Medium photedited3

Patrick Fresne

Given the strength of the recent employment numbers it wouldn't be too surprising if the unemployment rate fell to 5.5- 5.6 within the next six months. It increasingly appear that the stubbornly high unemployment rate over the past two years had much to do with the political situation.

See 1 more comment