Dodgy jobs figures leave us all in the dark

Due to the controversy surrounding the ABS's employment data, stringing together recent jobs figures into a convincing narrative is becoming more difficult.

If you can trust the figures, and that’s a big if, jobs rose by 24,000 in October, which just happens to be very close to the consensus forecast. The unemployment rate itself was steady at the new upwardly revised rate of 6.2 per cent. The million dollar question is whether that’s an improvement or deterioration? It’s not that easy to answer.

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