Australian unemployment falls to 6.4%

The Australian Bureau of Statistics (ABS) has released labour force data for the month of January which has recorded 29,100 jobs growth alongside a 0.2% fall in the headline unemployment rate to 6.4%.

Below are the key highlights:

The result pretty much matched analysts’ expectations of 30,000 jobs growth and a fall in the unemployment rate to 6.5%.

I will be back later with my usual detailed report.

Unconventional Economist
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Comments

  1. pfh007.comMEMBER

    If the RBA is desperately seeking inflation the easiest way to do that is by blocking any immigration until unemployment hits 2%.

    Who knows?

    Maybe NAIRU is lower than they think.

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