Australia’s January jobs report has just been released, and it’s topped expectations yet again. But beneath the surface the news was not that great. According to the ABS, employment rose by 13,500 in seasonally adjusted terms, beating expectations for a gain of 10,000. December’s increase, previously reported as a gain of 13,500, was revised higher to a rise of 16,300. Australian employment now stands just a whisker below 12 million, coming in at 11,998,200 for the month. It has grown by 0.9%, or 103,400 workers, in the past year. Full-time employment now stands at 8,125,700 with part-time employment at 3,872,500. ... (full story)