Posted to The Age (6/12/2012) on 6/12/2012 at 12:25 PM
Commenting on "Surprise drop in jobless rate
http://www.theage.com.au/business/the-economy/surprise-drop-in-jobless-rate-20121206-2awzn.html
No wonder people say statistics lies. If each full-time job is replaced by 5 part-timers, the actual scenario is negative not positive. The total earned by these 5 part-timers is far less than 1 full-time employee, because most part-timers are casual who are not entitled to sick leave, super, and other benefits.
Besides all the high profile business closure, more proof of economic slowdown is evident if you just walk down some suburban shopping strips, Dockland, shopping centres, and look up to some commercial buildings in the CBD. I would like to challenge such unrealistic optimism, and reliability of the mathematical model and definition of employment/unemployment rates.
Many real estate agents' representatives and TAFE teachers have fallen victims to the current debacle. Many casuals are never included in the calculations, and their rise and fall in numbers create distortion to the statistics. The number of volunteers has also increased for two reasons. First many retrenched or unemployed keep themselves sane by contributing their excessive spare time, and two these people hope to add something extra in their résumés to make them look more presentable instead of showing a period of absence in employment history.
Wake up all those in Canberra ivory tower; do something now before the next sand storm comes; you may not have the chance to pull your ostrich heads up that had been buried in it for those years.
Commenting on "Surprise drop in jobless rate
http://www.theage.com.au/business/the-economy/surprise-drop-in-jobless-rate-20121206-2awzn.html
No wonder people say statistics lies. If each full-time job is replaced by 5 part-timers, the actual scenario is negative not positive. The total earned by these 5 part-timers is far less than 1 full-time employee, because most part-timers are casual who are not entitled to sick leave, super, and other benefits.
Besides all the high profile business closure, more proof of economic slowdown is evident if you just walk down some suburban shopping strips, Dockland, shopping centres, and look up to some commercial buildings in the CBD. I would like to challenge such unrealistic optimism, and reliability of the mathematical model and definition of employment/unemployment rates.
Many real estate agents' representatives and TAFE teachers have fallen victims to the current debacle. Many casuals are never included in the calculations, and their rise and fall in numbers create distortion to the statistics. The number of volunteers has also increased for two reasons. First many retrenched or unemployed keep themselves sane by contributing their excessive spare time, and two these people hope to add something extra in their résumés to make them look more presentable instead of showing a period of absence in employment history.
Wake up all those in Canberra ivory tower; do something now before the next sand storm comes; you may not have the chance to pull your ostrich heads up that had been buried in it for those years.