This is what happens when you drive a car through the rear vision mirror.
You overcook everything.
In seasonally adjusted terms, in June 2025:
- unemployment rate increased to 4.3%.
- participation rate increased to 67.1%.
- employment increased to 14,619,300.
- employment to population ratio remained at 64.2%.
- underemployment rate increased to 6.0%.
- monthly hours worked decreased to 1,974 million.
- full-time employment decreased by 38,200 to 10,063,200 people.
- part-time employment increased by 40,200 to 4,556,100 people.
This is totally unnecessary harm, just as governments stop spending, and there is supposed to be a handoff to the private sector hiring, and immigration floods the economy with ever more cheap foreign workers.
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Next up, collapsing wage growth and lowflation.
The corrupt RBA can’t learn.
