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As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for November, which registered a solid 32,800 increase in total employment but no change in the headline unemployment rate (still 5.0%), driven by a 0.1% rebound in labour force participation.
In trend terms, the unemployment rate fell marginally from 5.16% to 5.10% – a six year low:
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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.