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Trend unemployment rate at 5.2%
Australia's trend unemployment rate decreased by less than 0.1 percentage points to 5.2 per cent in November 2019, according to the latest information released by the Australian Bureau of Statistics (ABS) today. ABS Chief Economist Bruce Hockman said: "In November 2019, the trend unemployment rate decreased slightly to 5.2 per cent, the same level it was six months ago." "Over the past six months, the trend unemployment rate, participation rate and employment to population ratio have all remained relatively stable," said Mr Hockman. Employment and hours In November 2019, trend monthly employment increased by around ... (full story)
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