Thursday, 9 July 2009
The unemployment numbers are creeping higher with this morning’s Australian Bureau of Statistics figures putting the rate at 5.8% in June but as yet there are no signs of panic among those in a job that they will be next on the dole queue. The consumer confidence figures, on the contrary, show people still quite optimistic about the future. While that remains the prevailing sentiment there is still a good chance that Australia will escape the worst of this world financial crisis with the major threat probably being the external one of social unrest getting out of hand throughout China and not just in its western provinces.
Posted by Richard Farmer at 18:34