The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Friday, February 3, 2012

Aussie labour market still quite tight: benefit rate diverges from unemployment rate

Ricardian Ambivalence delivers the goods once again. It turns out that the labour market remains very tight. Read more here:

"My seasonally adjusted estimates suggest that the DEEWR benefit rate has been trending down, while the unemployment rate has been trending sideways."