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How will Australia's full-time employment change by May 2025?
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Australian Bureau of Statistics monthly labor force data
Story
Australia's Unemployment at 4.0% Amid Record High Participation and Easing Inflation
Jan 16, 2025, 12:31 AM
Australia's unemployment rate rose to 4.0% in December from 3.9% the previous month, despite a significant increase in employment by 56,300 jobs, surpassing the expected growth of 15,000 jobs. The rise in unemployment was attributed to a higher participation rate, which climbed to a record high of 67.1%. This increase in the labor force was driven by both full-time and part-time employment changes, with full-time jobs decreasing by 23,700 and part-time jobs increasing by 80,000. The labor market's resilience is notable, especially in the context of elevated interest rates, suggesting continued economic strength. Additionally, Australia's consumer inflation expectation for January decreased to 4.0% from 4.2% previously, indicating a slight easing of inflationary pressures.
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