numbercruncher
Beware of Dropbears
- Joined
- 12 October 2006
- Posts
- 3,136
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- 1
This does not bode well. No matter how Krudd 'n Co. might want to spin up the "offset of part-time employment".
It is patently a ridiculous situation where the Gummint will spin lies, DAMNED LIES about the nett "total un-employment" only growing by 0.1% - when we all know that 1 part-time job (of as little as 2 hours per week) DOES NOT = 1 Full Time job of up to 50 hrs or more per week!
It's time for the Gummint to scrap the current measurement system. The Lil' OZZiEcon is CLEARLY in BIGGER trouble than they want to let on...
Full article here - http://business.theage.com.au/business/massive-drop-in-fulltime-jobs-20090115-7hdk.html
Yes it demonstrates how dire things are when an "employed" person is defined as working 2hrs or more a week and the experts tip 9pc unemployment by 2009 ....
Every day that passes brings us closer to that fabled Banana republic.
3.9 The definition of employment used in the Labour Force Survey aligns closely with the concepts and international definitions outlined above. Employed persons are defined as all persons 15 years of age and over who, during the reference week:
(a) worked for one hour or more for pay, profit, commission or payment in kind, in a job or business or on a farm (comprising employees, employers and own account workers); or
(b) worked for one hour or more without pay in a family business or on a farm (i.e. contributing family workers); or
(c) were employees who had a job but were not at work and were:
+ away from work for less than four weeks up to the end of the reference week; or
+ away from work for more than four weeks up to the end of the reference week and received pay for some or all of the four week period to the end of the reference week; or
+ away from work as a standard work or shift arrangement; or
+ on strike or locked out; or
+ on workers' compensation and expected to be returning to their job; or
(d) were employers or own-account workers, who had a job, business or farm, but were not at work.
Yep, looking just peachy for those graduating this year, even the gov is cutting back.
Burnsie, what about Rudds form, telling employees to hold back on asking for a pay increase but at the same time he's paying his staff who are already on huge salaries bonuses.
He's also telling employers not to sack people, so he should lead by example, in fact he should be employing more to help out.
Oh no, the gov is allowed to be *cough* fiscally conservative *cough* and try to save money (while still racking up a massive deficit, work that out), but business should do whats right for the country...
Politics... its all the biggest crock of **** going
Job losses starting to really gain momentum now.
BHP axing over 3000 (in Aust)
DJS - 150
HVN - 40 with more to come
Aust Discount Retail Group (company that owns Crazy Clarks) has gone bust - 2700 at risk of losing jobs.
And this is just what has been announced this week!
I read somewhere that with BHP axing jobs there has now been over 8000 jobs axed from the mining industry since June.
You imagine there has to be more job cuts coming shortly from the retail industry, and it wouldn't surprise me to see the banks starting to shed staff either - especially as thier profits contract.
PS: Are these the same as Crazy Clark's?
The UK's unemployment rate reached 6.1% at the end of November 2008. Forecasts are for the rate to reach 10% by 2010 and peak at around 12% by 2011.
If the UK's position was similar to 1929 then Australia's unemployment rate would peak at around 16%.
The mining sector is laying off and all the dependant industries will contract or fold.
Aust Discount Retail Group (company that owns Crazy Clarks) has gone bust - 2700 at risk of losing jobs.
In local Albury news, add to the list - Sam's Discount Warehouses & Go-Lo discount stores are also now in the hands of receivers as of today.
Yep, looking just peachy for those graduating this year, even the gov is cutting back.
Yep, looking just peachy for those graduating this year, even the gov is cutting back.
Oh no, the gov is allowed to be *cough* fiscally conservative *cough* and try to save money (while still racking up a massive deficit, work that out), but business should do whats right for the country...
Politics... its all the biggest crock of **** going
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