The Australian labour market continued its gradual improvement throughout 2018, underpinned by strong growth in full-time jobs and greater opportunity for younger workers. But falling property prices and an uncertain trade outlook threaten to slow growth in 2019.
A somewhat mixed labour force report to end the year, with participation reaching a new record high but no improvement in underemployment or the underutilisation rate.
Even though the labour market is now getting better, wages aren’t rising as much as in past periods of improvement.
Another strong month for the Australian labour market, particularly among full-time opportunities. Wage growth also took a step in the right direction
Recent positive trends continued in September, with the unemployment rate easing further and the improvement driven by full-time opportunities.
In August, the Australian unemployment rate dropped to its lowest level in almost six-years but it was the improvement in the broader measures of unemployment that stole the show.