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The Australian Bureau of Statistics (ABS) today released its labour force report for May, which registered another 0.3% fall in the official unemployment rate to 5.1% off a whopping 0.9% increase in the number of jobs:
Massive fall in headline unemployment.
Full-time jobs rose by 97,500 in May whereas part-time jobs rose by 17,700:
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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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