“Mad” Adam: ABS wrong, labour force super

Thursday 12 March 2015

There’s no stopping Business Spectator’s “Mad” Adam Carr, who today has penned a post claiming that the ABS’ unemployment data is wrong and the labour market is strong:

…it’s becoming increasingly clear that the surging unemployment rate has little to do with a weak economy and strong population growth – or immigration. It’s actually got more to do with the fact that the statistician’s headline numbers are the stuff of fantasy.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.