Australia – May Leading Indicator of Employment
15/05/2019 03:18 pm MYT
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The revised monthly leading indicator of employment fell for the thirteenth consecutive month in May. The decline was due to falls in all of the components except for the NBSC Purchasing Managers’ Index for Manufacturing Output in China.

Meanwhile, the cyclical employment index fell for the second consecutive month. As the leading indicator leads cyclical employment by roughly one year, the annual growth rate of employment could fall below the long-term trend rate in the near term - see figure 1.

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Note from Publisher
“United we stand, divided we fall” is a phrase most often used to inspire unity. Recently, the 7th prime minister of Malaysia alluded to the phrase when he urged the Malays to unite by joining his political party. His calls have inevitably created a lot of controversy because he is the prime minister of the country, not of a single race and new Malaysia is supposed to be beyond race and religion.

Indeed, political divide and disunity within and among the different races of Malaysia have made the country weak. Instead of calling for unity within a single race, the country’s leaders should devote full energy and resources in fostering unity among all Malaysians. How can the country as a whole progress and move forward at full speed when the leaders are focused on fighting for the interests of their own clans ?

The leaders of Malaysia’s different political parties should encourage their followers to look beyond their parties and put the interest of the country first. In order to create a true Malaysian identity in the country, Malaysia’s political leaders of all races need to set the right example of rejecting negative politics and embracing a countrywide perspective.
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