Lies, damned lies and Turnbull’s jobs growth statistics

FAKE NEWS

We only have to go back to 2009-10 when there was a 15-month streak with just the one blip — during the global financial crisis (GFC). Total jobs generated, then, were 373,900, which cut the jobless rate from 5.7% to 5.1%. Two years earlier, in 2007-08, there was another 15-month streak with one blip — in the month before the federal election. Total jobs generated were 437,746, which cut the jobless rate from 4.6% to 4.3%. So 2017 was no bonanza.

Yes, 477,040 jobs sound impressive. Better than Labor? Certainly. But it must be remembered – and this is another fudge – that jobless numbers had risen between 2014 and 2016 to heights not experienced during the Labor years and, in fact, not seen since 1996.

via Lies, damned lies and Turnbull’s jobs growth statistics