Unemployment in detail: Fake rebound?

Thursday 17 September 2020

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:

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.