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BFCSA: Electrolux closes. JOB figures as shady as Bankster Fudged Income Figures

Posted by on in Consumers Fight Back
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Unemployment figures also include everyone who has a two hour cleaning job and on welfare and looking for work.  Did you all realise that?  No?  Then may I suggest you read macrobusiness this morning"

Our old timers know what's going on.............."we've seen it all before........"    Same with housing market.  People trying to sell and report market has collapsed yet developers as always talking it up.  Sellers can only achieve prices that are less than they paid five years ago - in all states.                                                        

Posted by Unconventional Economist on 25 October, 2013



By Leith van Onselen News just got worse for the manufacturing sector, with Electrolux today announcing that it will close down its refrigerator factory in Orange, New South Wales, and shift operations to Thailand, in a move that will see 500 direct workers lose their jobs, with many more likely to be indirectly affected.  From [...]

ScreenHunter_22 Oct. 25 16.02

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  • doyla66
    doyla66 Saturday, 26 October 2013

    It appears that the government statistics cannot be trusted. The stats provided are only an indication, not true figures. Working 2 hours per week would not be considered employed. Isn't this just to satisfy requirements for the dole.? The stats need to broken down further to provide an accurate indication of the financial issues in Aussie. Why hide facts? It does not help the situation any.!!!!!

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