Saturday, March 14, 2009

Julie Bishop lives on

... channeling her "understanding" through this bloke, Michael Keenan MP, the Shadow Minister for Employment and Workplace Relations.

An amiable looking bloke, but listen to what he says.

This was Thursday, after the employment figures came out:

Mr KEENAN (Stirling) (3.55 pm)—Since 1 January
this year, 80,000 Australians have lost their jobs.
That is well over 1,200 jobs lost per day
.

Anything wrong with that statement?

Hint: You can see what happened to employment on the graph below:


Employment has grown slightly, not fallen, since the beginning of the year.

Perhaps the employment spokesman didn't read the employment figures.

Or perhaps he did.

He is just an election away from becoming Australia's Employment Minister!

Uggg!!!

5 comments:

Anonymous said...

I'm not sure whether it is deliberate dishonesty for political gain or a complete lack of economic understanding.

Either way it's a problem. Thanks for highlighting it Peter.

Al

Bill Mitchell said...

Dear Peter
He may well be correct and still be consistent with the graph you provide. Every day job are being created and others are being destroyed. The graph only shows the net outcome of that.

So while 80,000 jobs may have been destroyed, slightly more may have been created (consistent with the flattening chart). It is the difference between the job flows and the net outcome.

However, I doubt that Mr Keenan is up on that level of understanding.

best wishes
bill

Anonymous said...

Jobs are always being destroyed, even when the unemployment rate is falling

Matt C said...

I think this post is a tad harsh... Keenan is referring to 80000 additional unemployed people, not 80000 fewer employed people. These figures are different due to changes in the participation rate.

Perhaps he should have phrased his statement a bit better for clarity, but he's not completely wrong.

derrida derider said...

No, Matt, he's completely wrong.

If employment is static and there are 80k more unemployed people, then logically those additional unemployed people have come from outside the labour force. So they haven't "lost their job" at all - they've failed to get one.

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