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You're absolutely right, none of it is 100% perfect. However, if you have anything better I'm sure you would have mentioned it. When the multi $T markets of stocks, bonds, futures, etc take notice of the ABS, bank sponsored stats et al then so do I. The alternative you're putting forward...

The ABS acknowledges its data & published stats have a margin for error - they publish that margin - in the case of the labour stats they publish their 95% confidence range. That is the nature of a sample and not a full census. Re the how/what/who is collected - the ABS publishes their...

Not necessarily. If what I was hearing was out of step with reputable sources, I would question if I was suffering from some sort of bias. No - 65% said Flat, only 22% said D&G.

Of course. The stats produced by the ABS are just a sample, they don't have the time to talk to every person in Oz every month. However, they do use the dozens of PhDs to ascertain that they are 95% confident of their results based on a subset of the population. And they do revise their figures...

I would agree with sanj - who cares what industry? The ABS' sampling methodology doesn't publish industry stats, however the ANZ job ads series (which is a fairly good proxy) suggests...

You're absolutely right.... The ABS reckons it might be far more than only 100K jobs created in Aug - they are 95% sure the figure is somewhere between 63,400 and 178,600. Even the lower bound is a v. positive result. And back in 1991 (shortly after the recession) well over 100,000 were...

If there RBA were to vote, they'd be choosing 'Going to be as flat as anything' if their minutes are anything to go by. A few points.... Reasonable prospects that growth in major trading partners would pick up in 2014 Possible household consumption could outpace income thanks to house...