Perhaps it should shut:
SEASONALLY ADJUSTED ESTIMATES
- Employment increased 210,800 to 12,328,500 people. Full-time employment decreased 38,100 to 8,489,100 people and part-time employment increased 249,000 to 3,839,400 people.
- Unemployment increased 69,300 to 992,300 people.
- Unemployment rate increased 0.4 pts to 7.4%.
- Underemployment rate decreased 1.4 pts to 11.7%.
- Underutilisation rate decreased 1.0 pts to 19.1%.
- Participation rate increased by 1.3 pts to 64.0%.
- Monthly hours worked in all jobs increased 64.3 million hours to 1,664.7 million hours.
Markets ignored it. Wisely. The ABS should just issue a one-word release that reads “bad”.
It would be more accurate.
