ONCE AGAIN, the mainstream media and the business press are shielding Prime Minister Malcolm Turnbull’s Government by failing to report Australia’s jobs situation in the global context.
As Independent Australia has observed consistently, a strong boom is underway in trade, corporate profits and jobs.
Virtually all developed countries and the majority of developing countries are enjoying steady workforce expansion relative to population.
Australia is one of the conspicuous laggards.
Of the richest 60 countries in the world, 45 experienced stable or improved rates of unemployment over the last three months. Only 15 – including Australia – saw the jobless rate worsen.