Aren't there millions of factories in China?
I would say this number equates to less than 1%.
Aren't there millions of factories in China?
I would say this number equates to less than 1%.
Yes, there are millions of factories in China, but there will tens of thousands more closing in the 6 months, however can anyone comprehend 67,500 factories shutting in a couple of months? Isn't that amazing?
Eh? Really? 1.3 billion people, assume that millions means at least 2,000,000...that suggests one factory per 650 inhabitants. Sounds like an over-estimation doesn't it?
Eh? Really? 1.3 billion people, assume that millions means at least 2,000,000...that suggests one factory per 650 inhabitants. Sounds like an over-estimation doesn't it?
The actual unemployment was higher back in the early 90's.
The government intoduced the "Mature Age Allowance"
One could not retire until 65 years and alot of unemployed were 60 - 65 yrs. So all these 60 - 65 year olds on the unemployment list were transferred to the "Mature Age Allowance"
It made the unemployment figures better at the time. Giving perhaps people a little more confidence. And confidence is/was needed.
If you look at the number of people on the disability pension it looks like labor used it to hide the number of people unemployed during the '80's and early '90's. Howard took some rather timid steps to wind it back but eventually gave up and put it in the too hard basket. Be interesting to see if there is a big spike in the number of people on the disability pension in the next few years.
Mining giant cuts 14,000 jobs
F AUSTRALIA needed any further evidence the resources boom has shuddered to a halt, it came yesterday in the announcement the world's second biggest miner, Rio Tinto, would lay off 14,000 workers.
Rio Tinto refused to indicate how many of its 17,000 full-time staff and several thousand contractors in Australia would be affected by the cuts. It employs about 110,000 workers and contractors globally.
http://business.smh.com.au/business/mining-giant-cuts-14000-jobs-20081210-6vu1.html
I wonder how many of those will be in Australia, this looks like it starting to get serious.
Don't worry. I'm sure the GuvMint will use some creative statistical accounting to swallow up any job losses with nary a *burp*.
In theory, the GuvMint could declare NO-ONE in Oz is unemployed if they defined anyone who regularly fills out Newstart Forms as being "temporarily employed in office work" (since even a tiny amount of temp work means you don't get counted in the unemployment stats).
Actually, I'm surprised they haven't already done that!
They could do what the Uk does and put everyone on disability pension.
Silly sausages! That actually costs money! Why not simply tell a lie?
cont ....Finance leads the national job lossesEMPLOYMENT Clancy Yeates
December 22, 2008
THE economic crisis is taking its toll on two of the country's biggest employment sectors. The latest official figures show heavy falls in finance and retail jobs in the three months to the end of November.
Wounded by the market turmoil, the finance and insurance sectors posted the sharpest percentage decline of 5.5 per cent, or 22,500 jobs, in the latest quarter.
The industries employ 380,000 people nationally and nearly 7 per cent of Sydney's workforce, but have been rocked by lay-offs from local and international finance houses.
The second-fastest fall came in wholesale trade - the back end of the retail economy - which posted a decline of 5 per cent, or 23,200 jobs, amid poorer sales.
Retail jobs decreased by a more modest 21,200 jobs, or 1.4 per cent, as companies were more likely to cut back-end staff before those on the shop floor.
Seems the job losses are stacking up ...
cont ....
http://business.smh.com.au/business/finance-leads-the-national-job-losses-20081221-72za.html
[size=+1Massive drop in full-time jobs[/size]
Chris Zappone
January 15, 2009 - 1:42PM
The economy lost 44,000 full-time jobs in December as companies reduce payrolls to brace for a possible recession.
The unemployment rate rose to 4.5% from 4.4% in November, as home loans, construction activity, and business confidence drops.
Full-time employment dropped by 44,000 to 7,640,200 while part-time positions soared 42,800 to 3,102,200, bringing the net loss of jobs to 1200.
Economists had expected 20,000 jobs to be shed last month, but the biggest monthly drop in full-time positions since March 2003 came as a surprise.
'Big worry'
"The massive decline in full-time employment, down nearly 44,000, is a big worry,'' said economist Matt Robinson of Moody's Economy.com. "Even with offsetting force of part-time employment.''
"It shows weakness in job security and workers having their hours cut back. It's a real shift in employers' behaviour.''
The Australian dollar lost as much as a quarter of a US cent to 65.76 US cents after the numbers were published, but climbed back to near 66 US cents around noon
With more than three job seekers for every opening, it takes more than printing your resume on premium paper stock to get noticed.
Look how tough our American cousins are doing it ....
Hearing you NC! Its really a question of what is "free" and what is "FAIR" ?
John Howard really said **** the law and setup his own law in Dubai. WHY???
WHY???? WHY??? WHY??
WHY???
Well I think just as any obsequous butt-licking plebe like "MOST" aussies that said
"I wanted to keep my job"
Australia is an Island. The MWA rejected products form South AFrica when Mandela was locked up and ALSO rejected many other DUBIOUS trade deals with other trader nations on this basis!
WHY???
Just remember the Yank farmers treat the Aussie Farmers like some kind of hostile parasite from an economic sense in FREE trade! Even though the US dominates the rule making in the process.
All I can say is.....
Nothing(Censored)
I love this thread !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Both Liberal and Labor have both manipulated the unemployment numbers to their own benefit. Howard was the king of statistical deception, and restricted FOI to avoid scrutiny.
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