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Well another 76,000 new jobs have been added, or another 76,000 people have decided to go to work, I wonder which? ?I guess it depends how you say it.[URL unfurl="true"]https://www.abc.net.au/news/2023-06-15/jobs-unemployment-abs-may-2023/102482902[/URL]From the article:Official jobs data from the Australian Bureau of Statistics (ABS) estimates that nearly 76,000 jobs were added to the economy last month, sending unemployment down to 3.6 per cent.The strong figures came as a shock to economists, who were typically expecting 15,000 jobs to be added last month and the unemployment rate to remain steady at 3.7 per cent.The proportion of Australians aged 15 and over either in work or looking for it — known as the participation rate — also increased to a record high of 66.9 per cent.The participation rate rose 0.2 percentage points for women, to 62.7 per cent, and remained at 71.2 per cent for men."A greater share of women in Australia are employed than ever before, with their employment to population ratio and participation rate both at record highs in May," Bjorn Jarvis from the ABS said.
Well another 76,000 new jobs have been added, or another 76,000 people have decided to go to work, I wonder which? ?
I guess it depends how you say it.
[URL unfurl="true"]https://www.abc.net.au/news/2023-06-15/jobs-unemployment-abs-may-2023/102482902[/URL]
From the article:
Official jobs data from the Australian Bureau of Statistics (ABS) estimates that nearly 76,000 jobs were added to the economy last month, sending unemployment down to 3.6 per cent.
The strong figures came as a shock to economists, who were typically expecting 15,000 jobs to be added last month and the unemployment rate to remain steady at 3.7 per cent.
The proportion of Australians aged 15 and over either in work or looking for it — known as the participation rate — also increased to a record high of 66.9 per cent.
The participation rate rose 0.2 percentage points for women, to 62.7 per cent, and remained at 71.2 per cent for men.
"A greater share of women in Australia are employed than ever before, with their employment to population ratio and participation rate both at record highs in May," Bjorn Jarvis from the ABS said.
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