Aussie unemployment edges higher despite jobs boom

Thursday 15 September 2022

The Australian Bureau of Statistics (ABS) has released its labour force survey for August, with the nation’s unemployment rate edging 0.1% higher to 3.5%:

This rise in unemployment came despite the creation of 33,500 jobs (+0.2%) over the month:

As well as a 0.8% rise in monthly hours worked to 1,854 million:

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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.