It is great shame that Greg Jericho is such a hypocritic about mass immigration because otherwise, his analysis is often excellent:
The August labour force figures surprised everyone – unemployment was expected to rise given the Melbourne lockdown, and yet it fell. And while this is good news, a dig into the figures reveals that it needs to be tempered with the realisation that we remain deeply within a recession.
The unemployment rate falling in August from 7.5% to 6.8% (the second biggest monthly fall ever recorded) brought to mind the old line that if you understand what is going on, you clearly have not been paying attention.
