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As summarised earlier, the Australian Bureau of Statistics (ABS) today released labour force data for the month of July, which registered a decent rise in the headline unemployment rate (from a revised 6.1% to 6.3%) despite 38,500 jobs added.
The result compared to analyst’s expectations that the unemployment rate would rise to 6.1% with 10,000 jobs created.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.