Flat White

Unemployment? Nice one, Dan

17 September 2020

12:38 PM

17 September 2020

12:38 PM

Read it and weep. If #YouStandWithDan, there’s a good chance you’re standing in a queue at Centrelink (more likely it’s really more a matter of #ISitWithDanAtTheDeskOfMyTaxpayerFunded job and don’t even live in Victoria or are a Labor bot, but that’s a matter for another day).

Today’s employment figures couldn’t be starker in the way they illustration the trashing of Victoria’s economy:

Seasonally adjusted employment increased by 111,000 people (0.9 per cent) between July and August as hours worked rose 0.1 per cent, according to the Australian Bureau of Statistics (ABS).

Bjorn Jarvis, head of Labour Statistics at the ABS, said: “Employment rose almost 1 per cent but hours worked rose by a more modest 0.1 per cent. Hours fell by 4.8 per cent in Victoria, compared to a 1.8 per cent increase across the rest of Australia…

“The August data provides insights into the labour market impacts from the Stage 4 restrictions in Victoria. In addition to the large fall in hours worked, employment in Victoria also decreased by 42,400 people and the unemployment rate increased to 7.1 per cent.” Mr Jarvis said.

The national unemployment rate, somehow, has fallen to 6.8 per cent in August from 7.5 per cent in July. There has been a 36,200 increase in the number of full-time workers, and a 74,800 rise in part-time jobs.

However, in Victoria, the rate of joblessness rose from 6.8 per cent in July to 7.1 per cent in August, with the number of unemployed plunging by that 42,400.

In other words, the number of jobs lost in Victoria lost last month was close to 40 per cent of the number of jobs gained across the entire nation.

Nice one, Dan.

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