ABS employment in detail: Jobs market fails to launch after reopening

Thursday 11 November 2021

As already reported, Australia’s unemployment rate jumped 0.6% in October to 5.2%:

Total jobs fell by 46,300o 12,835,300 people in October, with full-time jobs declining 40,400 and part-time jobs falling by 5,900:

Part of the reason why the unemployment rate rose was because the labour force participation increased by 0.2% to 64.7%:

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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.