November 2020

November 2020

December 17, 2020

The labour market recovery continued in November, as most containment measures were lifted in Victoria.

Employment grew a seasonally adjusted 90.0k, exceeding expectations of 50.0k, to be just 0.6% down through the year.

The unemployment rate declined to 6.8%, still markedly above the level the RBA needs to see to consider monetary policy tightening (below 5.0%).

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