The Employment Numberwang Continues…

Digital Finance Analytics (DFA) Blog

Dec 14 2023 | 00:07:29

00:00 / 00:07:29

Show Notes

The unemployment rate rose by 0.1 percentage point to 3.9 per cent in November (seasonally adjusted), up from a revised 3.8 per cent in October, according to data released today by the Australian Bureau of Statistics (ABS). The ABS said: “With employment increasing by 61,000 people, and the number of unemployed people rising by 19,000, the unemployment rate rose to 3.9 per cent in November. “The combination of strong growth in both employment and unemployment in November saw the employment-to-population ratio return to a record high of 64.6 per cent and the participation rate reach a new high of 67.2 […]

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