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Australian state approves mega India-backed coal mine

You're joking, surely?

Nope. Provide evidence that our economy is tanking?

Well its affected unemployment here quite seriously. Engineering students used to have 2 or 3 job offers from large companies by their third year. Most are lucky to get a job at all these days.

The unemployment rate is pretty low and the last figures actually showed a drop in unemployment. GDP growth is reasonable too and steady.
 
Well its affected unemployment here quite seriously. Engineering students used to have 2 or 3 job offers from large companies by their third year. Most are lucky to get a job at all these days.

The new budget announcement due today promises a lot of pain for everybody.
 
Nope. Provide evidence that our economy is tanking?



The unemployment rate is pretty low and the last figures actually showed a drop in unemployment. GDP growth is reasonable too and steady.


Mate unemployment's at ~6% from memory. In 2011 it was hovering around 4%.

There might have been a drop since Jan, but the trend is clear.

There is also a lot of hidden unemployment; participation rates have dropped as well as the number of hours worked. Productivity rates are marginally down too from memory.

Let me reassert what I said, the resource based economy of WA is tanking. Happy now? :P
 

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