ABS: Statistical volatility may have contributed to increase in unemployment

FXStreet (Bali) - The Australian Bureau of Statistics has released a statement noting that statistical volatility may have contributed to the increase in unemployment today.

Note from ABS (Australian Bureau of Statistics)

"There can be statistical volatility in any sample survey, and it may be that such statistical volatility has contributed to the increase in unemployment. The standard error is a measure of statistical volatility, but it is not possible to be precise about the impact of statistical volatility for any given estimate. However, the ABS will continue to investigate whether it is possible to modify in future its estimation methodology for labour force statistics to reduce its extent."