Jobs, inflation and luxury spending all keep setting records

While the deputies take a pleasant break after the fire and anger of the May election campaign, the economy is good as Austin reported.

National elections, which change or threaten to do so, risk economic instability. Canadians, surveys In late April, he followed that his unemployed figures increased from January to April every month. The stock market index rose from 25,808 summit to 24,763 at the end of January. Work trust fell from 55.3 index points in February to 47.9 in April.

The same thing voters in the UK last year in the UK transferred Tories after 14 years. The stock market lost 2.7% from the highest level of all time in May with the election day in July. The unemployment rate rose from 3.8% in December 2023 to 4.4% in April and May 2024.

The US economy has been in turmoil since President Trump took office in January. fuck outside. Some indicators Since businesses are trying to defeat the disaster and chaos, employment developed, including retail sales and exports. Others, including jobs, immediately worsened confidentGross Domestic Product (GDP) and stock market values.

As long as a lifelong criminal Grifter and Clown Misfits Car tries to run the White House, very few continue to hope for economic success.

Australia prominent success

By the way, Down Under, Labor Treasurer Jim chalmers’ Inadequate economic management continues to collect records.

Export rising In March, the highest level of 14 months reversed the fall of February because the negotiations appeared on the road on the road with 45.35 billion dollars and the White House. Expansion with China, India and South Korea balances any discomfort in the US trade.

. unemployment rate In April, it was fixed at 4.07%, below 41%below 4.25%, and records have been the longest line since 1978.

Youth unemployment, business participation, inadequate employment and inadequate use, since then, it is more healthy at any time Wayne Swan In 2008, he was treated.

Inflation rejected Again in April, 2.34%, three consecutive monthly decreases and nine months Spare bankOptimum band between 2% and 3%. This is the best work because monthly records are kept.

The core inflation was 2.8%in the optimum tape for the fifth month. Interest rates fell to 3.85%again in May and sooner decreased.

Australia is the only major economy in the world with its unemployed ratio below 4.2%, inflation below 2.4% and for the last three years with its continuous GDP growth.

Consumer spending boom accelerates

All latest versions from the Statistical Office (Pessimisticand other agencies confirm that the consumption of luxury goods reaches new records, the destructive fluctuations of the coalition in living costs are behind.

Australians returned from 840,080 Explorers abroad In March-everyone in a year is the second highest in March-2024, 9.5%.

Retail sales In optional items, 31% of the entire retail turnover in April continues to increase with a new record -breaking, cosmetics and other luxury.

The housing program continues

According to the ABS last Friday, the approved houses to be built by the private sector rose to 9,349 in April. report. This brings the total to this day to 36,797, which is higher than the same period of the previous year and more than 4.7% and 8.8% over 2023.

Total private sector housing approvals, including the apartments, has reached 62,473 for a 18% higher year than last year.

General approvals for all public and private new houses is 63,586 with an increase of 17.9% compared to 2024.

Where is the economic journalists?

This leaves the main news rooms in an exquisite dilemma. The main statutes are to convince voters that the coalition manages the economy better than labor. Nevertheless, all the data proves the opposite.

What happened anyway Sky News, Online mail And probably the Murdoch paintings we rarely read, so they didn’t certainly – they quit almost all economic reporting. Age And Sydney Morning Herald He scaled this dramatically. None of these outputs have fully reported the positive results summarized above.

Australia’s Economy and Finance Magazine, Australia Financial Review (AFR) In addition, he refrained from reporting the extraordinary increase in Australia in the last three years in global rankings.

Instead, it now allocates a wide space for a series of imaginary future scenarios that is now inadequate real foundation and therefore less likely to realize.

Recently, these included:

Finally, AFR editor Michael Stutchbury Defines Labor’s policy goals as follows ‘Enlarge the economy, provides permanent life cost, strengthening Medicare, building more houses and increasing renewable energy investments’. But ‘Labor’s progressive patriotism has no plan to realize most of these political attractive promises’.

This is pure nonsense. Emek is due to the data obtained from ABS and other local and foreign agencies.

. AFRThe problem is that it is not interested in reading these reports, transferring them to the public, which must be his basic job.

To imagine strange future scenarios containing AI, WFH, RBA, ASX and GFCs, AFR. But journalism?

https://www.youtube.com/watch?v=7gooqjndhsi

Alan Austin is an independent Australian columnist and free journalist. You can follow him on Twitter @Alanaustin001.

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