Via the ABS comes Labor Force in seasonally adjusted terms for January 2026:
- unemployment rate remained at 4.1%.
- participation rate remained at 66.7%.
- employment increased to 14,703,800.
- employment to population ratio decreased to 63.9%.
- underemployment rate increased to 5.9%.
- monthly hours worked increased to 2,013 million.
- full-time employment increased by 50,500 to 10,155,500 people.
- part-time employment decreased by 32,700 to 4,548,400 people.
It’s hardly a tearaway job market at +18k on the month. This is below the break-even rate for immigration.
