Australian labour market deteriorates – employment and participation fall, underlying unemployment rate is 4.7 rather than 4.1 per cent

Created
Thu, 20/03/2025 - 13:11
Updated
Thu, 20/03/2025 - 13:11
Today (March 20, 2025), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for February 2025. The contraction in overall employment growth, the participation rate, and the employment-population ratio are all signs of a deteriorating situation. Unemployment always lags behind the employment dynamics because of the participation rate movements, which means…