People have decided to stop going to Aussie – go the collapsing labour market
Fewer people are departing to Aussie this February than in Feb 08 (down 22%). The economics tea leaves never leave me wanting – maybe I need to incorporate them into my forecasting routine.
This is a drastic slowdown – and is consistent with the sharp increase in unemployment over in Aussie. Now I’m just waiting for someone to say:
1) Aussie departures near record high or,
2) John Key stems tide to Aussie.
Both will give me a little giggle 🙂
Update: Go here, read the comments 😀
1) Aussie departures near record high or,
That could conceivably mean departures *from* Aussie, or departures *to* Aussie, though I assume you mean the latter?
No.2 would be a mighty piece of hackery, which hopefully we won’t see beyond the odd blog comments section 😀
@StephenR
Indeed – however, it fits the often ambiguous nature of newspaper headlines doesn’t it 😀
I would love it if we see a blog come out with number 2 – that would really improve my day 😛