Thursday, 11 June 2009

Time to admit it? Maybe the Government got it right

The unemployment numbers out this morning are nowhere near the horror figures that were feared generally when this global economic crisis started proving so damaging to jobs in the United States and most of Europe. The slight rise in the Australian Bureau of Statistics seasonally adjusted estimate for May of 5.7 per cent is yet another statistic showing that Australia is doing better than other developed economies. There is probably worse yet to come but with luck unemployment might not reach the 7.1 per cent it rose to back in October 2001.
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