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As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for September, which registered a 14,700 increase in total employment and a decrease in the headline unemployment rate (from 5.3% to 5.2%) due to a 0.07% decrease in labour force participation.
In trend terms, the unemployment rate was steady at 5.3%:
Again, total employment rose by a seasonally adjusted 14,700 to 12,944,000. Full-time jobs rose by 26,200, whereas part-time employment fell by 11,400:
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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.