Jobless rate falls despite record participation rate

21 January 2021

 

Summary: Employment grows in December; employment number rises in line with expected figure; “far stronger than anticipated”; national participation rate reaches new peak; fewer people seeking work with larger available workforce sends jobless rate down; part-time, full-time jobs both up; work hours rise marginally over month but still down over year; underemployment rate back to pre-COVID level; labour supply “continues to outstrip demand.”   Australia’s period of falling unemployment came...

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