Fresh from the ABS.
In seasonally adjusted terms, in January 2024:
- unemployment rate increased to 4.1%.
- participation rate remained at 66.8%.
- employment increased to 14,201,300.
- employment to population ratio decreased to 64.1%.
- underemployment rate increased to 6.6%.
- monthly hours worked decreased to 1,871 million.
- full-time employment increased by 11,100 to 9,797,800 people.
- part-time employment decreased by 10,600 to 4,403,500 people.
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That’s weak and weaker. RBA hard pivot coming.
