Australian jobs power on

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Via the ABS just now:

TREND ESTIMATES

  • Employment increased 24,600 to 12,915,200 persons. Full-time employment increased 15,100 to 8,849,500 persons and part-time employment increased 9,600 to 4,065,700 persons.
  • Unemployment increased 6,600 to 715,600 persons.
  • Unemployment rate increased by less than 0.1 pts to 5.3%.
  • Participation rate increased 0.1 pts to 66.1%.
  • Monthly hours worked in all jobs increased 0.5 million hours to 1,776.6 million hours.

SEASONALLY ADJUSTED ESTIMATES

  • Employment increased 41,100 to 12,908,200 persons. Full-time employment increased 34,500 to 8,847,100 persons and part-time employment increased 6,700 to 4,061,100 persons.
  • Unemployment increased 800 to 712,900 persons.
  • Unemployment rate remained steady at 5.2%.
  • Participation rate increased by 0.1 pts to 66.1%.
  • Monthly hours worked in all jobs increased 8.8 million hours to 1,780.1 million hours.

Don’t ask me where the jobs are. There’s no economy to support them!

Much more to come.

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.