Lockdowns were hurting Jobs in July
The gross flows data shows that the NSW lockdowns in July were damaging. The longer the lockdown, the greater the damage … so the worst is yet to come.
Tag: Unemployment
When +50k is -5k (maybe)
Getting right to the point, my view is that the Feb 2014 jobs report is bunkum. The survey is not
Aussie labour market plumbs new lows (Jan’14 report)
The Jan 2014 labour market report was BAD. The unemployment rate rose to 6% — exceeding the GFC peak —
Under-utilisation rate back in 2009/10 range
In the comments, there are often comments to the effect that the labour under-utilisation rate is a better indicator of
May labour market: trend slackening
The May labour market report was a little better than I had expected (and the market also): the unemployment rate
Good news about the Aus labour market
I could fairly be accused of a little recent pessimism about the outlook for the Australian economy. Today, I want to
Six ways to Okun
Following on from my casual survey of the relationship between various measures of demand and inflation, I thought it appropriate
Commodities, job Vacancies and the AUD
I have been fairly strident about the need for lower rates — ignoring some of the commentators that are generally
The US unemployment disaster
The long term employment data tells a chilling tale of a decade already lost in the USA. There is a
ricardian ambivalence 