A new direction: The truth about the economy they don’t want you to know

Buried truth leaves a party throwing dead moggies on the table, Immigration, Climate Change, Gender etc.(ODT)

But maybe not. Back then, 5.3% ranked equal sixth lowest out of the 35 wealthy member countries of the Organisation for Economic Development and Cooperation (OECD). In November 2012, Germany and Australia both had 5.3% of their workforce unemployed. Only South Korea, Switzerland, Norway, Japan and Mexico had lower jobless rates.

Today, four years into the strongest global boom in trade, jobs and profits in decades, 5.3% ranks 18th. That is in the bottom half of the table. Thirteen countries now have their jobless rate below 4.0%.

If Australia still ranked sixth in the OECD, its rate would be 3.5% and another 243,000 Australians would be off welfare and earning a salary

via A new direction: The truth about the economy they don’t want you to know

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