Friday, February 15, 2013

Thousands leave dole queue

Loose Change is deeply humbled. Contrary to the previously posted suggestion that the Cairns Post interpretation of the most recent ABS employment data may be that thousands had been tossed on the dole, the Post actually reported the reverse: Job prospects improve
"THOUSANDS more Far Northern people left the dole queue last month, but the total workforce also decreased by thousands in a strange quirk of statistical collation.
About2600 people stopped collecting benefits, with the unemployment rate falling to 7.2 per cent. But the number of people working also fell, by 7600 people."
A strange quirk of statistical collation? A review of last months report by the Post on this indicates that Nick Dalton is indeed reporting the number of unemployed from the ABS survey as directly reflecting dole recipients. Loose change apologises for over-estimating the analytical capability of the Cairns Post!

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