Unemployment rate steady at historic lows

New data from the ABS Labour Force Survey shows Australia’s labour market remains resilient.

ABS data showed that the unemployment rate stayed steady at 4.3 per cent in November and remains low by historical standards. The unemployment rate has stood at 4.3 per cent in five of the last six months.

While there has been a modest decrease in the pace of jobs growth in November, over the past 12-months 182,400 more people are in work.

Employment for women increased by 13,100 over the month, to a record high of 7,057,900 in November.

Quotes Attributable to Minister for Employment and Workplace Relations Amanda Rishworth:

“Today's data demonstrates our labour market continues to remain resilient.

“Since our Government came into office employment has increased by 8.7 per cent - that’s leading the pack of all major advanced economies.

“We've overseen the lowest average unemployment rate of any government in the past 50 years.   

“More jobs and higher wages are some of the best ways we can support Australians.”

Quotes Attributable to Treasurer Jim Chalmers:

“On our watch more Australians are working, earning more and keeping more of what they earn and those are really the key objectives of our economic plan.

“Around 1.2 million jobs have been created under the Albanese Government, more than four out of every five of those have been in the private sector, and we’ve seen stronger jobs growth than any major advanced economy. 

“Under Labor, unemployment is low, participation is close to record highs, growth and private sector activity are picking up and real incomes are growing.

“We know people are still under pressure and that there’s more to do, which is why we are rolling out cost of living relief including two more tax cuts for every taxpayer, at the same time as we build a more productive and resilient economy.”