ABS jobs Numberwang lands on super boom!

That’s Numberwang for November:

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

Employment increased 71,400 to 11,900,600. Full-time employment increased 41,600 to 8,205,800 and part-time employment increased 29,700 to 3,694,800.

Unemployment decreased 2,800 to 739,100. The number of unemployed persons looking for full-time work decreased 9,400 to 517,400 and the number of unemployed persons only looking for part-time work increased 6,600 to 221,700.

Unemployment rate decreased 0.1 pts to 5.8%.

Participation rate increased 0.3 pts to 65.3%.

Monthly hours worked in all jobs decreased 12.7 million hours (0.8%) to 1,645.9 million hours.

Lol!

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.