Unemployment in detail: Bubble jobs

Thursday 15 October 2015

As summarised earlier, the Australian Bureau of Statistics (ABS) today released labour force data for the month of September, which registered a small fall in the headline unemployment rate (from 6.22% to 6.16%) despite the loss of 5,100 jobs.

The result missed analyst’s expectations that the unemployment rate would remain steady at 6.2%, but with 9,600 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.