January 19, 2012

Twittering the jobs data

Stephen Koukoulas @TheKouk 8h
unemployment down to 5.2% but this news swamped by job losses as sub trend growth continues
 
Part rate dives 0.3ppts to 65.2 - not a good sign
 
Dismal jobs data - RBA could well cut 50bps next month
Employment down 29000 a shocker


zerohedge @zerohedge 8h
Big miss: Australian Employment Fell 29,300 in Dec.; Est. 10,000 Gain, actual comes below lowest estimate

Mr Denmore @MrDenmore 8h
The 29,300 fall in employment in Dec was all part-time. F/T jobs ROSE 24,500 Unemployment rate steady at 5.2%, thanks to falling part rate

Stephen Koukoulas @TheKouk 8h
Zero jobs created in 2011 in Australia.... RBA better not get further behind the curve

Possum Comitatus @Pollytics 8h
Labour Force data a real "see what you want to see in it" affair.

Bill Mitchell @billy_blog 8h
Aust Labour Force data - bleak - employment falls, unemployment rises, participation falls sharply. This is no time for budget surpluses.

Mr Denmore @MrDenmore 8h
An unemployment comparison: Canada: 7.4%; UK: 7.7%; USA: 8.4%; France: 8.7%; Spain: 21.5%; Australia: 5.2%


christopher joye @cjoye 7h
Aussie Macro Moments: Unemployment rate *FALLS* from 5.3% to 5.2% (same ...

Jessica Irvine @Jess_Irvine 4h
These ARE NOT the worst jobs figures since 1992. Jobless rate then 10%, today 5%. Will everyone PLEASE stop freaking out on the economy?

christopher joye @cjoye 4h
oh thank you. bloody hell, people are behaving like nutcases. there is obviously fame and fortune in selling doom and gloom

Jessica Irvine @Jess_Irvine 4h
Today's jobs report sends mixed signals - employment down, but jobless rate steady. RBA has tended to focus on later.

Jessica Irvine @Jess_Irvine 4h
And let's try to keep the World Bank's revised forecasts in perspective too (from this morning's SMH):