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The Australian Bureau of Statistics (ABS) today released its labour force report for January, which registered a 0.2% fall in the official unemployment rate to 6.6% of a 0.4% increase in jobs:
Full-time jobs rose by 59,000 partly offset by a 29,800 fall in part-time employment:
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The participation rate fell by 0.06% to 66.11%:
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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.