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As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for December, which registered a 28,900 increase in total employment and a decrease in the headline unemployment rate (from 5.2% to 5.1%).
In trend terms, the unemployment rate also fell to 5.1%:
Again, total employment rose by a seasonally adjusted 28,900 to 12,981,600. Full-time jobs fell by 300, whereas part-time employment rose by 29,200:
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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.
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