Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 4 : 15-Oct-15
Australian Bureau of Statistics (ABS) veteran Bill McLennan has questioned the validity of the agency’s current methodology for compiling the monthly labour market survey. The ABS changed its methodology in 2014, but McLennan says the labour market data has little value because the old and new systems should have operated in tandem for a while to confirm the accuracy of the new system. The ABS’s David Kalisch is confident that there are no problems with the jobs data produced by the agency.
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