Australia Loses 29,700 Jobs in September
Interactive Video
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Business, Social Studies, Life Skills
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University
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Practice Problem
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Hard
Wayground Content
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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.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What was the reaction of the Aussie dollar to the job numbers?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What did the Treasurer Joe Hockey express about the data series?
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