The unemployment jump to 6.3% is alarming but only at first glance, and the government is on track to meet its promise of a million new jobs in five years

Last week’s job figures included a jump in the unemployment rate to 6.3%, the highest rate since June 2002. But rather than be worried, treasurer Joe Hockey should think these a beautiful – if very noisy – set of numbers.

The unemployment figures were a bizarre mixture of data that really didn’t make too much sense and quickly had both sides of politics setting the spin cycle to maximum.

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Source: The Guardian Circular Economy RSS