the true unemployment rate is 11.7%, page-8

  1. 3,944 Posts.
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    isn't the min wage $12 bucks an hour these days? supermarkets pay $18 an hour?

    the margin of error on the ABS sample is 60 000 people so their monthly number is useless other than showing an accelerating trend higher.

    crossing 8% unemployment is when the recession will become obvious to most. people seeing shops close down, the for lease signs going up, hearing from friends and family they lost a job of know people who did. and the media reporting on it even more than they are atm
 
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