"Correlation is not causation"

For anyone interested, Ross Gittens has a good piece for those who are slightly interested in economics and, in particular, the unemployment rate (good too for economics teachers...). It is argued by Gittens that the efforts by the Government, namely the Treasurer, to lay the cause of the past years' improvement on the implementation of Work Choices (Howard's rotten IR laws) are somewhat false. What is more likely is that the resources boom is still running full steam ahead and can account for the employment growth, which importantly has nothing to do with Work Choices.

Sometimes I think Economics should be compulsory subject at school, at least then most people would see through some of the comments made by our Government representatives.