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(BusinessWeek)   Australia posts worst back-to-back job growth since '97, which is obviously Obama's fault   (businessweek.com ) divider line
    More: Obvious, Australians, Asian financial crisis, obama, National Coalition Party, MSCI Asia Pacific Index, local currency, Julia Gillard, Western Australia  
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426 clicks; posted to Politics » on 18 Jan 2013 at 10:45 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



35 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-01-18 05:54:54 AM  
Our cricket score was worse.
 
2013-01-18 09:17:19 AM  
No, no, no!  It's Bush's fault.  Everything is Bush's fault.  A cat was run over in my neighborhood a couple of days ago.  I know Bush was driving the car.
 
2013-01-18 09:31:42 AM  

BillCo: No, no, no!  It's Bush's fault.  Everything is Bush's fault.  A cat was run over in my neighborhood a couple of days ago.  I know Bush was driving the car.


i.qkme.me
 
2013-01-18 10:21:41 AM  
Cool!  My vegemite futures are doing great!
 
2013-01-18 10:37:24 AM  
I bet it really means China's trade figures are bullshiat (since China is their biggest trading partner).
 
2013-01-18 10:48:45 AM  
No, so, no - it's not Obama's fault, or even Bush's fault, it's because they now have gun control.
 
2013-01-18 10:51:24 AM  
The only difference is that the economy swirls counter-clockwise as it goes down the toilet in the southern hemisphere.

/or is that clockwise?
 
2013-01-18 10:53:09 AM  
Oh no, their unemployment is up to 5.4%! They must be devastated.
 
2013-01-18 11:01:51 AM  
I'll trade Australia's (predicted) future 5.75% unemployment for my State's ( Oregon ) 8.4% anytime.

Figures like that certainly puts the lie to the "Greatest Country on Earth" BS that the nationalists* over here have been spouting since the late 19th cent.

/ * well, those that buy into the "Civil religion" of the United States, that is...
 
2013-01-18 11:02:04 AM  
This analysis is stupid and done by someone who is omitting one really, really key fact -

The unemployment rate is stable.

Think about this for a second, if Australia is posting weak job growth, then how can the unemployment rate still be between 4.9 and 5.4% for years now? Not only that, but labor participation is at near record highs, something like 65% of the population.

I live down here and I can tell you that in my neck of the woods what has happened over the last year is that the state government shed something like 40,000 jobs(!!!). However, there are several industries that are actively recruiting for positions and people more or less just migrated to new work - hence the overall low net job gain.

The real story here is that for several consecutive years in a row, Australia has remarkably low unemployment and high labor participation, beating out nearly every other western nation and not too far off it's own historical best.

You wouldn't get that from the stupid jackass article however...
 
2013-01-18 11:07:23 AM  

Arkanaut: Oh no, their unemployment is up to 5.4%! They must be devastated.


I bet ours is even lower. ALL of the people I know that still don't have jobs are Baby Boomers collecting unemployment for the 4th year. They aren't even trying to get a job. They aren't even looking. I cringe every time they extent unemployment for old white Republicans sitting on their ass.
 
2013-01-18 11:07:45 AM  
I blame that damn sound of music movie.
 
2013-01-18 11:17:34 AM  

BillCo: No, no, no!  It's Bush's fault.  Everything is Bush's fault.  A cat was run over in my neighborhood a couple of days ago.  I know Bush was driving the car.


IIRC, they elected a bunch of far right wing nuts over there not too long ago.
 
2013-01-18 11:50:40 AM  
So what's the deal? Demand for chocolate and watches is down? They need to diversify.
 
2013-01-18 12:16:57 PM  

Tell Me How My Blog Tastes: I bet it really means China's trade figures are bullshiat (since China is their biggest trading partner).


Yup, China's been cutting back on raw materials purchases for awhile. IIRC they had a slight spike recently, but the trend has been to cut back. That has to be killing the Aussies.
 
2013-01-18 12:33:28 PM  

TwistedFark: This analysis is stupid and done by someone who is omitting one really, really key fact -

The unemployment rate is stable.

Think about this for a second, if Australia is posting weak job growth, then how can the unemployment rate still be between 4.9 and 5.4% for years now? Not only that, but labor participation is at near record highs, something like 65% of the population.

I live down here and I can tell you that in my neck of the woods what has happened over the last year is that the state government shed something like 40,000 jobs(!!!). However, there are several industries that are actively recruiting for positions and people more or less just migrated to new work - hence the overall low net job gain.

The real story here is that for several consecutive years in a row, Australia has remarkably low unemployment and high labor participation, beating out nearly every other western nation and not too far off it's own historical best.

You wouldn't get that from the stupid jackass article however...


Everything I read about Australia(apart from this article) says it's pretty much the best Western country to live in right now. I'm definitely considering looking for work there.
 
2013-01-18 01:03:52 PM  

dofus: So what's the deal? Demand for chocolate and watches is down? They need to diversify.


The deal is a bunch of conseratives got into power in several states and fired a whole bunch of people and cut sevices. Rest of the economy has actually been pretty robust generally, and we still have quite low unemployment overall.
 
2013-01-18 01:51:30 PM  
I blame Ah-nold
 
2013-01-18 01:56:48 PM  

BillCo: No, no, no!  It's Bush's fault.  Everything is Bush's fault.  A cat was run over in my neighborhood a couple of days ago.  I know Bush was driving the car.


Since he was the criminal dummass who spawned 1% enriching housing bubbles acting on a religious faith in deregulation, and Australia's predicament is likely tied to their own housing bubble......
 
2013-01-18 02:27:09 PM  
Well this clearly demonstrates the failures of the economic principles espoused by Ludwig von Mises, Friedrich Hayek, and the rest of the Australian School of Economics.
 
2013-01-18 03:29:07 PM  
I hear they have plenty of jobs available working in basements that have been converted to dungeons
 
2013-01-18 03:43:08 PM  
The REAL reason for Australia's economic downturn is NOT Obama's policy decisions. It is entirely the fault of those damned stupid Republicans. They are not just the greatest threat to the American economy;they are the greatest threat to the WORLD economy. As such they are the whole world's enemy.
 
2013-01-18 04:27:53 PM  
This is surprising, given the fascist nature of the Obama administration that we are not providing more support for our Nazi allies.
 
2013-01-18 05:14:47 PM  
This is bad news! You know who ended up getting elected the LAST time Australia went through an economic downturn?
 
2013-01-18 05:44:22 PM  

Bleyo: TwistedFark: This analysis is stupid and done by someone who is omitting one really, really key fact -

The unemployment rate is stable.

Think about this for a second, if Australia is posting weak job growth, then how can the unemployment rate still be between 4.9 and 5.4% for years now? Not only that, but labor participation is at near record highs, something like 65% of the population.

I live down here and I can tell you that in my neck of the woods what has happened over the last year is that the state government shed something like 40,000 jobs(!!!). However, there are several industries that are actively recruiting for positions and people more or less just migrated to new work - hence the overall low net job gain.

The real story here is that for several consecutive years in a row, Australia has remarkably low unemployment and high labor participation, beating out nearly every other western nation and not too far off it's own historical best.

You wouldn't get that from the stupid jackass article however...

Everything I read about Australia(apart from this article) says it's pretty much the best Western country to live in right now. I'm definitely considering looking for work there.


I spent some time in Melbourne, It was heaven on earth compared to most of America.

Except for those "right turn from left lane only" intersections.
 
2013-01-18 05:48:45 PM  

dofus: So what's the deal? Demand for chocolate and watches is down? They need to diversify.


Can't tell if serious...
 
2013-01-18 07:40:27 PM  

hobberwickey: dofus: So what's the deal? Demand for chocolate and watches is down? They need to diversify.

Can't tell if serious...


I blame that damn sound of music movie.

I blame Ah-nold.

Well this clearly demonstrates the failures of the economic principles espoused by Ludwig von Mises, Friedrich Hayek, and the rest of the Australian School of Economics.

This is surprising, given the fascist nature of the Obama administration that we are not providing more support for our Nazi allies.

This is bad news! You know who ended up getting elected the LAST time Australia went through an economic downturn?


See if you can guess the meme.

/Welcome to Fark!
 
2013-01-18 08:28:01 PM  

Spaceballer: Bleyo: TwistedFark: This analysis is stupid and done by someone who is omitting one really, really key fact -

The unemployment rate is stable.

Think about this for a second, if Australia is posting weak job growth, then how can the unemployment rate still be between 4.9 and 5.4% for years now? Not only that, but labor participation is at near record highs, something like 65% of the population.

I live down here and I can tell you that in my neck of the woods what has happened over the last year is that the state government shed something like 40,000 jobs(!!!). However, there are several industries that are actively recruiting for positions and people more or less just migrated to new work - hence the overall low net job gain.

The real story here is that for several consecutive years in a row, Australia has remarkably low unemployment and high labor participation, beating out nearly every other western nation and not too far off it's own historical best.

You wouldn't get that from the stupid jackass article however...

Everything I read about Australia(apart from this article) says it's pretty much the best Western country to live in right now. I'm definitely considering looking for work there.

I spent some time in Melbourne, It was heaven on earth compared to most of America.

Except for those "right turn from left lane only" intersections.


Hook turns seem to get every visitor.I understand why, but the reason we have them is to keep cars off the tram tracks. Car/tram accidents tend to be nasty (primarily for the car's occupants).
 
2013-01-18 09:30:14 PM  
Somehow, it's all farking about you, isn't it, America?

We have three major countries with a billion people each in our trade networks.

But no, no, it's all about you.
 
2013-01-18 09:37:51 PM  

TalenLee: Somehow, it's all farking about you, isn't it, America?

We have three major countries with a billion people each in our trade networks.

But no, no, it's all about you.


We're just worried that economic woes might lead to an upswing of violent nationalism and a desire for living space, like last time. . .
 
2013-01-18 09:49:08 PM  

MFAWG: IIRC, they elected a bunch of far right wing nuts over there not too long ago.


Nope. Coalition government with the right wing sitting underneath the control of Greens and Moderate left. Bear in mind, Barack Obama would look like our 'far right wing.'
 
2013-01-18 10:19:18 PM  

TalenLee: MFAWG: IIRC, they elected a bunch of far right wing nuts over there not too long ago.

Nope. Coalition government with the right wing sitting underneath the control of Greens and Moderate left. Bear in mind, Barack Obama would look like our 'far right wing.'


The state governments are the problem however, and they have been taken over by conservatives who are cutting stuff pretty severely. Of course, as you say, our right wing isn't nearly as far right as the Republican party, they still believe in cutting services, breaking unions and selling off state assets for short term gain.
 
2013-01-18 11:11:12 PM  

TalenLee: Somehow, it's all farking about you, isn't it, America?

We have three major countries with a billion people each in our trade networks.

But no, no, it's all about you.


Two countries with a billion people. India and China.
Low unemployment, social safety net, universal health care, non-partisan electoral district maps, metric system, sensible currency of coins and notes, multiculturalism, low drinking age and usually decent weather patterns, Australia rocks!
 
2013-01-18 11:15:09 PM  

Actor_au: Two countries with a billion people. India and China.


Yeah, you're right, I was misremembering Indonesia.
 
2013-01-18 11:21:00 PM  

TalenLee: Actor_au: Two countries with a billion people. India and China.

Yeah, you're right, I was misremembering Indonesia.


No worries, they're an alarmingly populated country considering their size. I always forget that they have 234 million people there. I spent about a minute trying to think if there was another country with a Billion people that I'd forgotten about, kind of like when you forget and ingredient or something in a recipe, I thought I had it on the tip of my tongue then I wiki'd and worked out there are only two of them.
 
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