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Australia Admits Recent Stellar Job Numbers Were Cooked
zerohedge.com / by Tyler Durden on 02/09/2016 19:41
Two months ago the Australian media, which unlike its US counterpart refuses to be spoon fed ebullient economic propaganda, called bullshit on the spectacular October job numbers, when instead of adding 15,000 jobs as consensus expected, Australia’s Bureau of Statistics reported that a whopping 58,600 jobs had been added. We covered this in “Australian Media Throws Up All Over ‘Stellar’ Jobs Report: “Don’t Believe The Jobs Figures!”
One month later, the situation got even more ridiculous, when instead of the expected 10,000 drop in November, the “statistical” bureau announced that 71,400 jobs had been added, the most in 15 years, and the equivalent of 1 million jobs added in the US. Once again the local media cried foul as we documented in “Australian Media Throws Up All Over ‘Stellar’ Jobs Report, Again”
Indicatively, for a sense of how grotesque the jobs “data” was, the chart below shows that while the October report was a 6-sigma beat, the November was an even more laughable 8-sigma.
The post Australia Admits Recent Stellar Job Numbers Were Cooked appeared first on Silver For The People.
Source: http://silveristhenew.com/2016/02/09/australia-admits-recent-stellar-job-numbers-were-cooked/
