Terry McCrann noted the following in......>

AUSTRALIA: Terry McCrann noted the following in the Herald Sun: "Roy Morgan

Research data showed over 2mn Australians were still unemployed in June...

that's a staggering 14.5% jobless rate. We will have to wait another 2 weeks for

the fake ABS jobs and jobless numbers, which will once again dramatically

understate the real jobless figure & will in any event only take us up to the

first 2 weeks of June... The gap between that 7.1% & the virtually unchanged

(from May) Morgan 14.5% is bad enough, but I estimate that the real jobless

number is even higher - at least 20% of the workforce. This is when you add to

those formally recognised as jobless, those who have just left the workforce as

there's no point in looking for a job, plus some of those in JobKeeper who would

have been sacked but for the government subsidy which is currently scheduled to

terminate at the end of September. There was a tiny bit of good news in the

Morgan numbers; their jobless number dropped 42,000 from May. But that was

almost entirely cancelled by the rise in under-employment - those who were in a

job but wanted to work more hours."