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As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for October, which registered a 19,000 decrease in total employment and an increase in the headline unemployment rate (from 5.2% to 5.3%).
In trend terms, the unemployment rate was steady at 5.3%:
Again, total employment fell by a seasonally adjusted 19,000 to 12,919,200. Full-time jobs fell by 10,300, whereas part-time employment fell by 8,700:
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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.