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As already reported, Australia’s unemployment rate fell 0.4% in December to just 4.2% – the lowest reading since August 2008 just prior to the Global Financial Crisis:
Total jobs rose by 64,700 to 13,242,000 people in December, with full-time jobs rising 41,500 and part-time jobs rising by 23,300:
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The participation rate remained dead flat at 66.10%:
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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.