August unemployment in line with expectations

The ABS released the August Labour Force figures which came in as expected. The increase in jobs was a seasonally adjusted 17,400 to 11.8m, made up of 11.5k full time and 5.9k part time. The unemployment rate came in at 6.2%, down 0.1% from the 6.3% recorded for July, helped by a lower participation rate which was 0.1% lower at 65.0%. The states with the lowest rates of unemployment were...

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