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The Australian Bureau of Statistics (ABS) released the September labour force survey, and it was a shocker.
The headline unemployment rate climbed another 0.1% to 4.7% – the highest reading since October 2021 – while all of the sub-indicators were soft.
The following table from the ABS summarises the key components from the survey:
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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.
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