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The Australian Bureau of Statistics (ABS) today released its labour force report for November, which registered a 0.2% fall in the official unemployment rate to 6.8% of a 0.7% increase in jobs:
Full-time jobs surged by 84,200 and part-time employment rose by 5,800:
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The participation rate rose another 0.32% to 66.10%:
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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.