Unemployment rate

Name:        CHAN, Sin Fong

Subject:     Unemployment Rate

Visit Time: 13/08/2010 12:52 AM

Remark:

Statistics records job number increase, but no job loss during the same time. Further, one is considered employed if he / she received payment for 1 hour of work during the survey period.

5.4% unemployment is a myth! ABS should release underemployment rate simultaneously each month instead of once a year!

Australia is definitely is in technical recession

Name:         CHAN, Sin Fong

Subject:      Australia is definitely is in technical recession!

Visit Time:  4/06/2009 10:42 PM

Remark:

Kevin Rudd, Malcolm Turnbull, the interviewers and interviewees did not pick up that Australia is really in technical recession, according to the ABS latest release of March quarter Australian National Accounts. The GDP increase of 0.4% in March quarter is a seasonally adjusted change, against the real trend change of -0.1%. ABS explains in the explanatory notes that “... trend estimates ... are more suitable than either the seasonally adjusted or original data for most business decisions and policy advice”.