Been telling people this for years.We are so fortunate that our...

Been telling people this for years.

We are so fortunate that our Economy is monitored & measured so accurately across all of the population.

It's important.

There is zero room for manipulation of key indicators.

It is as Sharp as a fine blade. We are in Safe hands and...

All in this together. Well we are Now!! hahahahaHa

In Australia, the Australian Bureau of Statistics (ABS) is responsible for collecting labour market data. The ABS conducts a survey each month – called the Labour Force Survey – in which it asks around 50,000 people about their participation in the labour market. As part of this survey, the ABS groups people aged 15 years and over (the working-age population) into three broad categories:
Employed – includes people who are in a paid job for one hour or more in a week.
Unemployed – includes people who are not in a paid job, but who are actively looking for work.
Not in the labour force – includes people not in a paid job, and who are not looking for work.
This can include people who are studying, caring for children or family members on a voluntary basis, retired, or who are permanently unable to work.
Once the number of people in each of these categories has been estimated, the following labour market indicators can be calculated:
Labour force – the sum of employed and unemployed people.
Unemployment rate – the percentage of people in the labour force that are unemployed.