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As already reported, Australia’s unemployment rate fell 0.3% in July to 4.6% – the lowest reading since December 2008:
Lowest since December 2008.
Total jobs rose by only 2,200 to 13,156,400 people in July, with full-time jobs falling 4,200 offset by a 6,400 rise in part-time jobs:
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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.