The ABS is out with November Labour Force and the news is all good:
NOVEMBER KEY POINTS
TREND ESTIMATES
Employment increased by 17,400 to 12,962,000 people. Full-time employment increased by 8,300 to 8,843,600 people and part-time employment increased by 9,000 to 4,118,400 people.
Unemployment decreased by 1,200 to 716,300 people.
Unemployment rate decreased by less than 0.1 pts to 5.2%.
Participation rate remained steady at 66.1%.
Monthly hours worked in all jobs increased by 2.3 million hours to 1,782.8 million hours.SEASONALLY ADJUSTED ESTIMATES
Employment increased by 39,900 to 12,954,400 people. Full-time employment increased by 4,200 to 8,837,300 people and part-time employment increased by 35,700 to 4,117,200 people.
Unemployment decreased by 16,800 to 708,100 people.
Unemployment rate decreased by 0.1 pts to 5.2%.
Participation rate remained steady at 66.0%.
Monthly hours worked in all jobs increased by 2.9 million hours to 1,781.2 million hours.LABOUR UNDERUTILISATION
The monthly trend underemployment rate remained steady at 8.4%. The monthly underutilisation rate remained steady at 13.6%.
The monthly seasonally adjusted underemployment rate decreased by 0.2 pts to 8.3%. The monthly underutilisation rate decreased by 0.3 pts to 13.5%.
With all private measures in full reverse, 80% of the economy in recession and wages growth sagging don’t ask me where this is coming from.
Numberwang.
