ABS: Statistical volatility may have contributed to increase in unemployment

Ivan Delgado Independent Analyst

FXStreet (Bali) - The Australian Bureau of Statistics has released a statement noting that statistical volatility may have contributed to the increase in unemployment today.

Note from ABS (Australian Bureau of Statistics)

"There can be statistical volatility in any sample survey, and it may be that such statistical volatility has contributed to the increase in unemployment. The standard error is a measure of statistical volatility, but it is not possible to be precise about the impact of statistical volatility for any given estimate. However, the ABS will continue to investigate whether it is possible to modify in future its estimation methodology for labour force statistics to reduce its extent."

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

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