So much for the employment data excitement
Yeah yeah. The government spins. The media jumps.
The latest ABS employment/unemployment data came out last week.
Crack the champagne, or perhaps even the sparking wine:
Seasonally adjusted estimates for February 2021:
Unemployment rate decreased to 5.8%.
Participation rate remained at 66.1%.
Employment increased to 13,006,900.
But is the data that good? We…