ABS employment in detail: Jobs market fails to launch after reopening

Advertisement

As already reported, Australia’s unemployment rate jumped 0.6% in October to 5.2%:

Total jobs fell by 46,300o 12,835,300 people in October, with full-time jobs declining 40,400 and part-time jobs falling by 5,900:

Advertisement

Part of the reason why the unemployment rate rose was because the labour force participation increased by 0.2% to 64.7%:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.