Are the central banks in the US, UK, Canada and elsewhere forced to rely on dodgy employment data?

Original article by Gary Morgan, Executive Chairman of Roy Morgan, Michele Levine, CEO of Roy Morgan, Julian McCrann, Morgan Poll Manager
Market Research Update – Page: Online : 3-Apr-24

This week Claire Jones from the Financial Times (in the AFR) highlighted the unreliability of employment data being compiled by the US Bureau of Labor Statistics (BLS), the Office for National Statistics (ONS) in the UK and Statcan in Canada since the onset of the pandemic. The rapid levels of immigration to countries including the United States, United Kingdom and Canada, as well as the rapid changes to working conditions throughout the pandemic and in the years since, have created many issues with how government statisticians measure employment markets. In addition, respondents in these countries have become less likely to complete labour force surveys and response rates to calls from unknown phone numbers have plunged. All these factors are degrading the reliability of the official data. These same factors are impacting the official Australian Bureau of Statistics (ABS) jobs data relied upon by the Federal Government, Reserve Bank, and other Government institutions, to make important policy decisions. In Australia, where there’s been a rapid level of immigration, Roy Morgan data has consistently shown the ABS is significantly understating the real level of unemployment and under-employment in Australia – as is the case in overseas jurisdictions as well.

CORPORATES
ROY MORGAN LIMITED, UNITED STATES. BUREAU OF LABOR STATISTICS, GREAT BRITAIN. OFFICE FOR NATIONAL STATISTICS, CANADA. STATCAN, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA

Turnbull takes credit for jobs boom

Original article by David Uren
The Australian – Page: 1 & 2 : 15-Dec-17

The Australian workforce has increased by 3.2 per cent in the last year, which is the fastest rate of growth since early 2008. Some 440,000 jobs have been created since September 2016, including 62,000 in November 2017, and Prime Minister Malcolm Turnbull notes that the labour market had not previously grown for 14 months successive months since 1994. He has attributed the strong jobs growth to the Coalition’s policies, although Labor employment spokesman Brendan O’Connor argues that the underemployment rate remains close to its record high.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, LATROBE COMMUNITY HEALTH SERVICE, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC