Lower unemployment rate as workers drop out

16 February 2017

 

Australia’s unemployment rate dropped in January, although a drop in the number of people counted in the labour force was largely responsible. The ABS released January employment estimates which indicated Australia’s unemployment rate fell from 5.8% to 5.7%. The total number of people employed in Australia in either full-time or part-time work rose by 13,500 during the month, in contrast with the market’s expectation of +10,000. Total hours worked grew...

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