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In  todays (or maybe tomorrow's OZ, there is a similar theme to the sudden change in heart of the RBA to support the yield curve.

From the Australian



I doubt there would be any in the real world of actually running/owning a business would take any notice of the hopelessly outdated ABS labour statistics. They conduct interviews of a fixed number of participants, then massage the data to  counteract seasonal variations, and produce stats that a lot of business people just laugh at. the Australian labour market is a  highly variable beast that only varies greatly with time, but also with region and area. This is even greater now with the various border restrictions, both state and International.

despite what the ABS might suggest, talking to people who try to get labour is extremely difficult in this market, and  it does not appear to be going away any time soon. Anecdotal  evidence can be dangerous when trying to extrapolate, but if the anecdotal evidence is only going in one direction, it can provide a pretty good approximation of real world conditions.

Mick


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