Unemployment refuses to budge from 5.5%

Disappointing news for those hoping for a recession as employment moved up a little, beating market expectations, and unemployment stayed steady at 5.5%.

Employed persons

Graph: Employed Persons

Source: ABS

Total employment has been steadily increasing now since the end of 2010.

Emphatically it has been NSW leading the jobs growth with an uplift in employment of 68,500 in the past 12 months (nationally 124,500).

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