Fake unemployment in detail

Thursday, 15 October 2020

As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for September, which registered a massive 0.1% rise in the official unemployment rate to 6.9% off a 29,500 decrease in jobs:

Full-time jobs fell by 20,100, whereas part-time employment fell by 9,400:

The participation rate fell by 0.12% 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.