Cost of living
Mar 16th 2012, 1:59 am
#91
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,781
Re: Cost of living
The problem is that eveyone knows the unemployment figures are grossly under quoted, it was mentioned on the news the other day that along with the official rate likely to be heading up the number of hours worked is going down as overtime and normal hours are being cut.
I always admired the term seasonably adjustered, when they quote figures. A fine example of creative accounting if ever there was.
Mar 16th 2012, 2:07 am
#92
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Cost of living
Under International Labor Organization definitions, for you to be considered "unemployed" you must be "actively looking for work.". Hence if you've given up job hunting, you are technically not a participant and you're removed from both the numerator and denominator in the unemployment rate.
Mar 16th 2012, 2:24 am
#94
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,781
Re: Cost of living
Under International Labor Organization definitions, for you to be considered "unemployed" you must be "actively looking for work.". Hence if you've given up job hunting, you are technically not a participant and you're removed from both the numerator and denominator in the unemployment rate.
Mar 16th 2012, 2:28 am
#95
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Cost of living
Of course. ONS, ABS, etc use "scientific random sampling" for determining unemployment. They don't have an unemployment register for the whole population.
Mar 16th 2012, 3:54 am
#96
Crazy Cat Lady
Joined: Apr 2004
Posts: 65,493
Re: Cost of living
Far out Brussel Sprout, do some of you ever listen to yourselves? Jeezus christ on a bike.
Mar 16th 2012, 4:44 am
#97
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,833
Mar 16th 2012, 5:57 am
#100
BE Enthusiast
Joined: Sep 2004
Location: London - but only until I can afford to move back to Sydney
Posts: 938
Mar 16th 2012, 10:37 am
#101
Forum Regular
Joined: Feb 2012
Posts: 42
Re: Cost of living
Unemployment figures to my mind are meaningless. Doesn't matter if we refer to UK or Australia, or anywhere else, although one can only guess what the true figures must be in Spain, where officially they quote it at something like 24%.
I always admired the term seasonably adjustered, when they quote figures. A fine example of creative accounting if ever there was.
I always admired the term seasonably adjustered, when they quote figures. A fine example of creative accounting if ever there was.
Under International Labor Organization definitions, for you to be considered "unemployed" you must be "actively looking for work.". Hence if you've given up job hunting, you are technically not a participant and you're removed from both the numerator and denominator in the unemployment rate.
Last edited by nandnor; Mar 16th 2012 at 10:45 am.
Mar 16th 2012, 11:12 am
#102
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,833
Mar 16th 2012, 1:00 pm
#104
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,833
Re: Cost of living
