Job market remains firm; adds 56,300 in December

16 January 2025

 

Summary:  Employment up 56,300 in November, greater than expected; Westpac: easing in labour market conditions has paused over second half of 2024; ACGB yields fall; rate-cut expectations firm; ANZ: jobless rate at/near 4% may be consistent with underlying inflation in RBA’s target band; participation rate back to series high at 67.1%; jobless rate rises to 4.0%; more part-time jobs, fewer full-time jobs; aggregate work hours up 0.5%; underemployment rate falls...

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