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The latest unofficial labour market report from Roy Morgan Research adds to the body of evidence showing that Australia’s employment market is experiencing a ‘V-shaped’ recovery.
According to Roy Morgan, unemployment fell to 11.7% in January – the lowest level since the coronavirus hit in March 2020:
This followed a gain of 26,000 jobs since December, taking the total number of Australians employed to 12,675,000 – also the highest number since March 2020.
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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.
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