Thank you both for bringing attention to this - it's unbelievable how dodgy the number are, and how markets react to them.
Jobs numbers are always QUIETLY revised down. Is it ever compared to migrant entry to the country?
CPI numbers use anything but essentials that average people have to pay for.
Back in the day, Obama would proudly proclaim "we have CREATED or saved x amount of jobs"There are still people out there that think that inflation is caused by wage increases rather than 'printing' into the money supply.
They think the RBA is there to keep their mortgages low (to be fair, it's a good question to ask, around the world, what purposes do the Federal Reserve central banks actually serve? They have not prevented inflation, nor boom bust cycles. Yellen overseas is creating the wackiest financial instruments and is somehow very vocal on foreign policy decisions.
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