Unemployment - Lowest since 1977

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Dippers Donuts

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#27
bunsen burner said:
And inflation and high interest rates to go with it.
No that came later, during the recession we had to have; largely due to the US recession of the early 90's. Beyond your comprehension admittedly so I won't mark you too hard for that.

Wakey wakey, hands off snakey. Are you trying to say Keating's reforms resulted in 8 years of good economic policy? Bit convenient don't you think?
Of course they did. From the floating of the dollar which made our exports more competitive to flexible wage rates (the accord ring a bell?) to the deregulation of the financial industry (now that's where lower interest rates really come from - competition); Howard and Costello have coasted on the back of these reforms. Tell me, aside from the GST (whose positive effect is debateable) what has this govt achieved? Or are you a parrot without any real insight into the subject?


The reality is that unemployment has always been low under Howard. Forget the stats, can you honestly say that there has been a shortage of jobs?
The official unemployment rate is virtually the same as the previous low points of 89 and 79. It's actually higher when you factor in the increasing disguised unemployment rate (such things as work for the dole and disability benefits). The percentage of australian men in full time employment is the lowest since the depression. Get a clue.

people are changing the way they go about things. What makes you think there's this huge increase of people who can't find full time work so have to settle with part time? Me thinks you are full of it.
The facts speak for themselves numnut; the percentage of the population in full time work is the lowest for 40 years. Part time and casual workers are growing exponentially as a proportion of the workforce, mainly because this govt has done bugger all to stimulate genuine employment growth (education? don't start me).
 

Fevola4God

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#29
CharlieG said:
Anybody can lower the unemployment rate.

The Nazis did it by excluding Jews and women from the workforce, and rapidly expanding the military. The Coalition does it using a dodgy definition of employment, casualisation and low wages.

Congratulations, McTim.
Arnold Schwarzenegger, like Hitler, was born in Austria.
 

Frodo

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#31
The vast majority " Unemployment- Lowest since 1977"

The Looney Left " No, it's a con because XXXXXXXXXXX, and don't forget the children overboard, I hate Johnny, where's my dummy gone?"
 

Rodion

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#32
You're an idiot.

Where on this thread has anyone mentioned the 'children overboard'? Nowhere. Are you so threatened by justified criticism of the Howard government that you have to try to paint the objectors as irrational whingers?

You're an idiot.
 

Frodo

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#33
Rodion said:
You're an idiot.

Where on this thread has anyone mentioned the 'children overboard'? Nowhere. Are you so threatened by justified criticism of the Howard government that you have to try to paint the objectors as irrational whingers?

You're an idiot.
mirror...look
 

^Eagle^

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#34
CharlieG said:
The definition is flawed. Regardless of the fact that it has been used for a long time, the fact is that defining one hour of paid work per week as 'employment' severely overestimates the real level of employment.
This is why we need a measure for 'hidden unemployment'(people who are employed but are seeking better pay and/or conditions)...how else do you define 'sufficient employment'??

Originally Posted by CharlieG
Anybody can lower the unemployment rate...The Coalition does it using a dodgy definition of employment, casualisation and low wages.
urm...yeah the definition of employment has been the same throughout history
Low wages are so that the youth actually get employed..if a company had a choice between hiring a part-time 15-year old dropout or a 23-year old uni student for the same rate which one would they choose? The uni student has more experience/skills, etc and would be chosen. this is why the youth wage was brought in. It's purpose(which is used by all modernised market economies) is to lower youth unemployment, which it has effectively done. a consequence is a lower participation rate amongst the youth(due to less incentives) and effectively a lower unemployment rate. I'm interested to know if the participation rate has decreased and the U/E rate has lowered solely because of this...does anyone know???
 
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