If this government wasn’t so good at shooting itself in the foot, Labor would have to be worried
This past week came the news that Australia’s unemployment rate reached 5.3% – the lowest point since 2012. Now of course unemployment rates can disguise a lot of problems but in August an equal record level of participation in the workforce was also recorded. So it is not a case that the unemployment rate is low because people are giving up looking for work and thus producing a distorted low number. Yes, full-time employment is not growing as strong as is part-time, but it is still growing solidly.
Yes, the underemployment rate of 8.3% remains very high – and the gap between it and the unemployment rate is larger than it has ever been. But despite this there is little argument that the labour force is doing well – certainly doing better than at any point in the LNP term of office.
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