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As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for August, which registered a massive 0.7% decrease in the official unemployment rate to just 6.8% off an 111,000 rebound in jobs:
Full-time jobs rose by 36,200, whereas part-time employment surged by 74,800:
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The participation rate rebounded another 0.09% to 64.76%:
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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.