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The recovery in Australia’s labour market has undoubtedly been stunning, surpassing everyone’s expectations.
This recovery is encapsulated in its purest form by the rise in aggregate hours worked to record high levels in March 2021:
Aggregate hours worked across the Australian economy hit a record high in March 2021.
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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.