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Keating talks up recovery, but the statistics only show us pain



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KRMfTNC TALKS UP RECOVERY. BUT THE STATISTICS ONLY SHOW US PAIN

The Treasurer keeps talking about recovery, but the statistics keep showing us pain.

The job vacanies and overtime statistics released today highlight the continued weakness of the labour market.

The figures, from the Australian Bureau of Statistics, show that the number of job vacancies in February had dropped by 24.2 per cent on November 1990.

From February 1990, to February 1991, there was a 52.3 per cent decrease in the jobs available to Australians.

In seasonally adjusted terms February 1991 shows the lowest number of job vacancies since the figures were first collected in November 1983.

Mr Keating is very keen to talk up the recovery, but ordinary Australians continue to suffer badly from the recession the Treasurer engineered.

Significantly, overtime was also down in February by 3.2 per cent on November, a clear sign industry is not increasing activity amid Mr Keating's talk of recovery.

And the worst thing is: the dole queues are likely to get even longer.

The Treasurer and Employment Minister, John Dawkins, have both told us unemployment is likely to climb even higher before we see the end of the recession.

On a daily basis, however, all you hear from Paul Keating is talk of recovery.

He wants us to look forward with blinkered vision, and forget all about the pain that he has caused.

But these days, no-one is listening.

MELBOURNE 5 APRIL 1991

COMMONWEALTH

p ar li a me n ta ry library MIC AH

CONTACT: DAVID TURNBULL 06 277 4277 D40/91 -