Posted to The Age (12/7/12) on 12/7/12 at 12:34 PM
Commenting on "Economy sheds 27,000 jobs"
http://www.theage.com.au/business/economy-sheds-27000-jobs-20120712-21xf2.html
Many casual workers especially students, who work for cash-in-hand, have never been reported and therefore have not been counted in the statistics. Many of these jobs are now gone, but have not reflected in the unemployment rate.
If a full time job for an employed person is now turned into a part-time / casual position but taken up by 2 persons, the total hours in now reduced to only 2 paid hours, this in fact nonsensically reduced the unemployed by 1. If this involves three part-timers / casual, the unemployed figure is reduced by 2, and so on.
A lot of older people are keen and looking for employment, but they are the neglected one. In addition, many unemployed are suffering from depression and medically unfit to seek employment.
For goodness sake, don't kid the innocent public with all these mumbo-jumbo crap. The whole statistical calculation must be revamped so that the real pain and suffering are reflected, otherwise realistic and humane policies cannot be made or formulated.
Commenting on "Economy sheds 27,000 jobs"
http://www.theage.com.au/business/economy-sheds-27000-jobs-20120712-21xf2.html
Many casual workers especially students, who work for cash-in-hand, have never been reported and therefore have not been counted in the statistics. Many of these jobs are now gone, but have not reflected in the unemployment rate.
If a full time job for an employed person is now turned into a part-time / casual position but taken up by 2 persons, the total hours in now reduced to only 2 paid hours, this in fact nonsensically reduced the unemployed by 1. If this involves three part-timers / casual, the unemployed figure is reduced by 2, and so on.
A lot of older people are keen and looking for employment, but they are the neglected one. In addition, many unemployed are suffering from depression and medically unfit to seek employment.
For goodness sake, don't kid the innocent public with all these mumbo-jumbo crap. The whole statistical calculation must be revamped so that the real pain and suffering are reflected, otherwise realistic and humane policies cannot be made or formulated.