ABS accuracy is all in the mind

Increasingly the health of the domestic economy is whatever you think it is -- literally.

To state that the ABS’s recent data problems are embarrassing is a fairly serious understatement. It’s not that the previously reported spike in employment should have been taken as truth. As I noted at the time it should have been taken with a grain of salt (A dose of reality with the jobs data, September 12). But then, so should every month’s result --  August wasn’t an exception.


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