Labour Force
-
October 2021
November 11, 2021 Employment declined a seasonally adjusted 46.3k in October (mkt exp +50.5k). The seasonally adjusted unemployment rate jumped to 5.2% from 4.6% in September.
PDF Download PDF -
September 2021
October 14, 2021 Employment fell a seasonally adjusted 138.0k in September, broadly in line with the 135.0k pencilled in by the market consensus.
The unemployment rate rose 0.1ppts to 4.6%, against 4.8% expected by the market.
PDF Download PDF -
August 2021
September 16, 2021 Employment dropped by a seasonally adjusted 146.3k in August, well over the 80.0k expected by market participants.
The unemployment rate unexpectedly declined by another 0.1ppts to 4.5% (the lowest since 2008), while the market consensus envisaged an increase to 4.9%.
PDF Download PDF -
July 2021
August 19, 2021 Seasonally adjusted employment rose by 2.2k in July, despite the lockdown in New South Wales.
The adjustment in the labour market occurred through a reduction in hours worked, translating into a rise in the underemployment rate.
The unemployment rate unexpectedly fell 0.3 ppts to 4.6%, as some people that had lost their jobs due to the lockdown were not classified as unemployed.
Download -
June 2021
July 15, 2021 Seasonally adjusted employment rose 29.1k in June, (exp +20k), following an unrevised rise of 115.2k in May. Unemployment rate falls to 4.9%.
PDF Download PDF -
May 2021
June 17, 2021 Seasonally adjusted employment surged by 115.2k in May, following a 30.7k fall in April. The result was well above the consensus market expectation for a 30k rise.
The unemployment rate dropped 0.4ppts to 5.1% in May, which is still markedly above the RBA’s estimate of the non-accelerating inflation rate of unemployment (NAIRU) of somewhere below 4.5%.
PDF Download PDF