Overview
- ABS data show total employment fell by 23,100 in November after a 41,200 increase in October.
- Full-time jobs declined by 56,500, partly offset by a 35,000 rise in part-time positions.
- The participation rate eased to 66.7% from 66.9%, and total hours worked were flat.
- The unemployment rate stayed at 4.3%, defying forecasts for 4.4% and a 20,000 job gain.
- ABS noted both the number of employed and the number of unemployed people fell slightly, highlighting ongoing monthly volatility.