Friday, February 06, 2009

Vindication for Julie Bishop

In November the Shadow Treasurer informed us that:

"In the May Budget the Government forecast that 134,000 jobs would be lost in the next 12 months."

It didn't. In the May Budget it forecast growth in the number of jobs of 0.5 per cent.

But it has now. In this week's updated Economic and fiscal Outlook the government forecasts a fall in the number of jobs of 0.25 per cent.

Ms Bishop was "right", early.