Australia Loses 29,700 Jobs in September

The video discusses the Australian unemployment figures, highlighting a stable rate of 6.1% but a significant drop in job numbers, with 29,700 jobs lost. The Australian Bureau of Statistics (ABS) changed its data presentation method, leading to criticism from officials. The video explores the implications of using raw data over seasonally adjusted data and the ongoing debate about the credibility of these figures. The Treasurer and ABS are working on revising data presentation methods.

What was the reaction of the Aussie dollar to the job numbers?

What did the Treasurer Joe Hockey express about the data series?