ONLY CHARTS #106
Aus labour market, Aus population
ONLY CHARTS is only available to paid subscribers.
A 7-day free trial is available below. Group discounts are available here.
Antipodean Macro’s in-depth research is available here.
1. Australia’s unemployment rate fell nearly 0.1ppts to 4.0% in May and the employment-to-population ratio was unchanged at 64.1%.
The ABS noted that “[i]n April we saw more unemployed people than usual waiting to start work. Some of the fall in unemployment and rise in employment in May reflects these people starting or returning to their jobs”.
The unemployment rate is tracking in line with the RBA’s forecasts.
Among high household debt economies, the resilience of Australia’s labour market continues to stand out.
Keep reading with a 7-day free trial
Subscribe to Antipodean Macro to keep reading this post and get 7 days of free access to the full post archives.