Fall in jobless rate but work hours fall markedly

18 February 2021

 

Summary: Employment grows in January; employment number rises in line with expected figure; momentum “looking good”; participation rate slips back from peak; fewer people seeking work with slightly lower workforce sends jobless rate down; fewer part-time jobs, more full-time jobs; work hours fall markedly; underemployment rate down; more-confident employers may be rebalancing towards full-time workers.   Australia’s period of falling unemployment came to an end in early 2019 when the...

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