Jobless rate drops in December, near 4% but pre omicron surge

20 January 2022

 

Summary: Total employment up 64,700 in December; rise in line with expected figure; figures “little affected by Omicron”, reference period pre-surge; shows the momentum amid post Delta re-opening “extremely strong”; participation rate steady at 66.1%; fewer jobseekers, slightly larger workforce sends jobless rate to 4.2%; more part-time, full-time jobs; aggregate work hours up 1.0%; underemployment rate down from 7.5% to 6.6%. Australia’s period of falling unemployment came to an end...

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