Australian Employment Booms Even As Unemployment Rises!

Digital Finance Analytics (DFA) Blog

Aug 15 2024 | 00:13:02

00:00 / 00:13:02

Show Notes

You have to ask the question: are the ABS stats on employment, which were released today, meaningful? Because according to the data for July, a record share of Australians are either working or looking for a job and about 58,000 people found work last month. The increase in employment was not enough to stop the jobless rate from rising to 4.2 per cent last month from 4.1 per cent in June, (though less than 1% on a two decimal rounding) as the share of the working-age population with a job or looking for one climbed to a record high of […]

Other Episodes

Episode

August 27, 2025 • 00:09:01

Inflation Not Dead, Just Resting… At Best…

Well, well, the monthly ABS data on inflation came in with a rate that accelerated faster than expected in July, moving closer to the...

Episode

January 03, 2025 • 00:09:52

The Low Road For The Aussie Has Real Consequences For You!

The Australian dollar has fallen sharply, falling at one point to a multi-year low of 61.88 US cents — a level not seen since...

Episode 0

December 09, 2023 • 00:20:52

Market Optimism Continues Thanks To US Soft Landing Hopes...

This is our weekly market update. As we count down to the end of the year, U.S. stocks closed higher on Friday, with the...