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Mar
20
2009

People have decided to stop going to Aussie – go the collapsing labour market

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March 20, 2009

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 :D

About the author

Matt Nolan

Matt Nolan is an economist at Infometrics (although the opinions expressed are independent of the organisation) . Email: nolan.matt@gmail.com; matt@infometrics.co.nz. Work phone: 04-496-5290

Permanent link to this article: http://www.tvhe.co.nz/2009/03/20/people-have-decided-to-stop-going-to-aussie-go-the-collapsing-labour-market/

2 comments

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  1. StephenR says:

    March 20, 2009 at 12:09 pm (UTC 12 )

    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 :-D

  2. Matt Nolan says:

    March 20, 2009 at 12:11 pm (UTC 12 )

    @StephenR

    Indeed – however, it fits the often ambiguous nature of newspaper headlines doesn’t it :D

    I would love it if we see a blog come out with number 2 – that would really improve my day :P

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