Deloitte: Delta strain risks Australia’s stunning jobs recovery

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Last week’s labour force report for June from the Australian Bureau of Statistics (ABS) recorded an unemployment rate of just 4.9% – a decade low:

Australian unemployment

Australian unemployment rate lowest since June 2011.

This came despite Australia’s labour force participation rate running at a near all-time high:

Labor force participation rate

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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.