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As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for November, which registered a 39,900 increase in total employment and a decrease in the headline unemployment rate (from 5.3% to 5.2%).
In trend terms, the unemployment rate also fell from 5.3% to 5.2%:
Again, total employment rose by a seasonally adjusted 39,900 to 12,954,400. Full-time jobs rose by 4,200, whereas part-time employment rose by 35,700:
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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.