In seasonally adjusted terms, in October 2024:
- unemployment rate remained at 4.1%.
- participation rate decreased to 67.1%.
- employment increased to 14,537,500.
- employment to population ratio remained at 64.4%.
- underemployment rate decreased to 6.2%.
- monthly hours worked increased to 1,972 million.
- full-time employment increased by 9,700 to 10,037,700 people.
- part-time employment increased by 6,200 to 4,499,800 people.
Good numbers. Here’s how they look alongside the RBA’s forecasts:
Bullhawk is on the march.
Speaking shortly before the release of the jobs figures, Ms Bullock on Thursday said the economy was still operating a level that could not be sustained without fuelling inflation.
“We still see that in our surveys, in our liaison, that businesses are still saying labour market tightness has eased, but it’s still not easy to get staff,” Ms Bullock told an event hosted by the Australian Securities and Investments Commission.
Bullshit. Mass immigration kills wage growth.
Stop torturing households to no effect.
