Australian labour market report due soon – resilience to continue?

Between August 2024 and January 2025, Australia’s labour market demonstrated consistent growth and resilience. Here’s an overview of the key results during this period:​

August 2024:

• Unemployment Rate: Remained at 4.2%​
• Participation Rate: Held steady at 67.1%​
• Employment: Increased to 14,458,600​

September 2024:

• Unemployment Rate: Remained at 4.2%​
• Participation Rate: Held steady at 67.1%​
• Employment: Increased by 44,400 to 14,514,300
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October 2024:

• Unemployment Rate: Held at 4.1%​
• Participation Rate: Rose to 67.2%​
• Employment: Climbed to 14,541,200​

November 2024:

• Unemployment Rate: Fell to 3.9%​
• Participation Rate: Remained at 67.1%​
• Employment: Increased to 14,544,200
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December 2024:

• Unemployment Rate: Increased slightly to 4.0%​
• Participation Rate: Reached a record high of 67.1%​
• Employment: Surged with a net gain of 56,300 jobs, primarily in part-time positions
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January 2025:

• Unemployment Rate: Edged up to 4.1%​
• Participation Rate: Achieved a new record high of 67.3%​
• Employment: Increased by 44,000 jobs, with the employment-to-population ratio rising to 64.5%​

Throughout this period, the Australian labour market demonstrated resilience, with consistent employment growth and rising participation rates. The slight uptick in the unemployment rate in December and January reflects more individuals entering the workforce, indicating sustained confidence in job prospects.

Coming up at 0030 GMT/2030 US Eastern time:

This article was written by Eamonn Sheridan at www.forexlive.com.