The unemployment jump to 6.3% is alarming but only at first glance,and the government is on track to meet its promise of a million original jobs in five yearsLast week’s job figures included a jump in the unemployment rate to 6.3%, the highest rate since June 2002. But rather than be worried, or treasurer Joe Hockey should consider these a ravishing – if very noisy – set of numbers.
The unemployment figures were a bizarre mixture of data that really didn’t get too much sense and quickly had both sides of politics setting the spin cycle to maximum. Continue reading...
Source: theguardian.com