Jobless rate ticks up again but private sector “scaling fiscal cliff”

19 November 2020

 

Summary: Employment grows in October; September job losses revised up; employment number rises much more than expected; private sector “scaling the fiscal cliff”; national participation rate jumps, close to pre-COVID peak; more people seeking work but larger available workforce sees jobless rate up; part-time, full-time jobs both up substantially; work hours rise over month but still down over year; underemployment rate under 11%.   Australia’s period of falling unemployment came...

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