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Amid Commodity Collapse, World's Most Resource-Driven Economy Posts Greatest Jobs Gain In 15 Years
When Australia released its October jobs data a month ago (printing an astonishing 58k increase - almost 6 times expectations of a 10k increase), the media threw up all over the farce of the best jobs gain in 3 years (amid commodity price collapses, mining industry bankruptcy fears, and China trade implosions) saying simply "don't believe the jobs figure for October." So we cannot wait to see what the men from downunder make of November's print. With expectations of a 10k drop, Australia added a mind-numbing 71,400 jobs - the most in 15 years!! This is equivalent to the US adding almost 1.75 million jobs in 2 months... They just don't care anymore!
Best Jobs print in 15 months...

November was an 8 standard deviation beat... which followed a 6 standard deviation beat in October...
The big surge in jobs last month, which was the largest gain since July 2000, raised renewed skepticism about the accuracy of the data, which the Australian Bureau of Statistics has acknowledged in the past.
This is the biggest 2-month increase in jobs since January 1988...
Does this look like companies that are hiring at the fastest pace in 27 years!!!
“It’s hard to believe that employment has grown 130,000 over two months in the context of everything else,” said Michael Turner, fixed-income and currency strategist at Royal Bank of Canada in Sydney. “But there’s got to be some signal in this, not just noise.”
No - there really doesn't. It seems Australia has figured out how to create jobs when its biggest trading partner is hemorrhaging them...
And it appears the hiring has been going on "stealthily" as businesses are not reporting any improvment at all...
The economic propaganda was slammed last month:
The ABS is itself cautions against placing too much credence on the monthly figures, which are based on a changing sample, particularly the seasonally adjusted data. The statistician encourages people to focus on the trend estimate (which had the unemployment rate unchanged).
And, after a series of stuff ups, revisions and methodological changes over the past year, there is even more room for caution.
Last year, the ABS was forced to abandon seasonally adjusted labour force numbers for a period after conceding they were unreliable. The former chief statistician recently said the data was not worth the paper it was written on.
Wait, what: confidence boosting data is unreliable? Surely you jest.
And here is the ABC's conclusion confirming at least one "developed" country still have a thinking media: "don't be surprised if the October labour market data is revised."
Nope, no revision - just an even more ridiculous "injection" of confidence.
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If only we could say the same about propaganda rags in the United States
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They are double counting the side jobs people are taking selling crack and/or their crack.
More likely, they are claiming the 20 somethings that have had to become "sugar babies" as a form of employment.
Just look at the actual numbers and ignore the seasonal adjustments, then look at a Moving Annual Total (MAT). Seasonal adjustments (And double seasonal adjustments) have become a complete sham used as a "Fiddle factor by ALL Governments. And correct, they just don't care any longer...this the the end-game...
http://www.perthnow.com.au/realestate/news/perth-wa/prestige-perth-house...
Perth property market expected to go backwards in 2016, says national reporthttp://www.perthnow.com.au/realestate/news/perth-wa/perth-property-marke...
The gubmint never lets fact(s) get in the way of their propaganda.
Ark! Wie farking Aussies don' farkin' wark! Ainly farkin wankahs wark! Meen me maytes ayre jus' troilin' fer skreech, n' gettin' farked arp eh?
Oi mate... Fuck off...
And they count people working on their tan.
Actually, a fine young Australian academic has established that is much more beneficial to the environment for young people to go on the dole and hang out at the beach, than it is to take up employment in a deeply flawed economic system.
From what I hear Aussies are flocking to the new, evironmentally friendly, unemployed lifestyle.
lol--- Now I can short this pig(aud/usd) again later.
Dangerous bet. The New Zealand central bank cut interest rates and the NZ dollar rose against the U.S.
gudonya
71,000 open pit mine fillers.
Got it.. so if you are so broke you are selling your watch on the street corner ... that counts as a Job in Sales ?
Aussie now working 4 part time jobs instead of 2...that's all...oh...and.. it is all lies...that too..
Counting hand jobs as full time instead of part time now?
They're counting the Kangaroos now!
When numbers on a screen, controlled by a central authority, are all that stands between the elites and the collapse of their power, these numbers will be manipulated.
Just leave us the fuck alone
Strewth mate! Fair shake of the sauce bottle, surely!
Don't call me Shirley.
Sauce On
No no no, it's backwards cuz they are in the southern hemisphere...you can confirm when flushing the toilet! The water goes counter clockwise.
It's loss of 58k jobs in North English...you're welcome.
Doubled
This is merely a temporary hiccup.
Hiring is way up for tow truck drivers, auctioneers, and process servers.
Just be patient.
The lies are positive - the more there are that are easy to see, the marginal lies are given NO benefit of the doubt and the whole tower of babel falls over starting in DC which originated all the funny Metric manipulation the world over
Lie More Please !!!
The Aussie dollar has been smacked the last year - making Australia an attractive tourist location. I would bet that a lot of these jobs are in the tourism industry. Add in big price increases in 'protein' - drawing workers in the cattle and sheep industries. And of course, Australia probably hired a LOT a 'security guards'!
Private security companies hire a lot of Muslim security guards (they scrape the bottom of the barrel just to get warm bodies in uniforms), as evidenced by their (guards) disappearance five times a day (yes, seriously). Which I've always found more than a little ironic because corporate entities want security to protect from criminals and terrorists, but instead the whole thing just becomes one massive inside job .There's been a steady increase in Middle Eastern-based gang activity and violent crimes recently.
Not sure about the hiring on cattle and sheep stations though. The reports I've seen don't support that idea at all. More automation, where possible, is a growth area though.
This is what lots of people don't get. When the AUD is high, resources (coal, gas, iron ore, gold etc) soar, when it's low, the number 2 export earner kicks in: tourism. And when Chinese zillionaires step off the plane from Beijing, see air they can actually breathe, water they can actually drink, and a place their kids can learn English, their next stop is the realtor's office. They don't call it The Lucky Country for nothing.
i'll show you my tits for a smoke, that counts, right?
Global lying is a direct result of global warming!!
or is global warming a direct result of global lying?, i always get the two fucked up
aussie aussie aussie oi oi fucking oi.....
Everything is bigger in Oz - even the manipulated 'jobs' figures.
But this is redonkulous - there has to be a tiny shard of plausible deniability - this is just Full On Retard.
Well, we live in a world where the media knows people are too stupid to call 'bullshit' for stories far more ridiculous than an apparent uptick in employment.
Just yesterday I saw a story that claimed that some airport had 3 jumbo jets - Boeing 747s - that had been landed and abandoned, and the government in question could not work out who owned them. Seriously... like there's no element in a jumbo that carries a trackable identifier - you know, like the (leased) engines, the (leased) airframe, the (leased) fucking TYRES.
For.fuck's.sake.
Can you imagine how low your estimation of your audience must be to think that you can push news like that, and not get slammed six ways to Sunday?
When the story was on the TV news, I turned to The Lovely and said "Do you get the feeling that some of these stories are deliberately put out there to see if anybody arcs up? Can you imagine anybody stupid enough not to think that shit through?"
She looked up from her laptop and replied "I wasn't even watching it - I have no idea why you do, either."
Hey, what should really keep you awake at night, is if the government ever discovers virtual reality implants for your brain......
All you could say is.......what a trip........
They took away the guns, so now they can say anything they want. You better believe what they tell you!
Since prostitution is legal in Australia, they are probably starting to count brothel jobs in to the employment figures.
Every laid-off miner had to take three low-wage jobs to make ends meet.
Pffffttt!!!!! Lies, damned lies, and statistics.
Can we get a count on the number of waitress and bartender jobs created down under in the last two months?
The explanation is simple. The sample includes a large number of people with multiple personalities and all of whom seem to be finding jobs.
On a more serious note, I can never understand why ALL governments don't release the three monthly aggregates of amounts remitted to the tax authorities as withholding on salaries and wages as well as the gross salaries reported.
https://enronnext101.wordpress.com/
Three Truths
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The Australian Bureau of Statistics (ABS) is still trying to recover credibility after a junior office there was caught passing market-sensitive data to a trader, Lukas Kamay, who worked for one of the major Australian banks, the NAB. Apparently, this passing on of info ahead of release to the public was going on for some time.
It was alledged that Kamay made around US$5 million in profits from this inside knowledge. The ABS employee was a junior there but still had access to market-sensitive confidential data. He knew Kamay from his university days.
http://www.abc.net.au/news/2014-05-09/two-men-arrested-insider-trading-a...
Makes you wonder doesn't it????????