Do you really buy the current unemployment rates? I have long had doubts which began way back in Malcolm Fraser’s day when I had a friend working in the Australian Bureau of Statistics… I have raised the matter in several posts before:
- Defining the unemployed out of existence
- Unemployment rate: fact or fiction?
- Dissent magazine Autumn-Winter 2007
There is a long rambling page on Henry Thornton’s site: What’s wrong with Australia’s monthly unemployment figures?