/ 16 December 2022

Unemployment stays down, job ads stay up…

Image source: iStock
Image source: iStock

Australia’s unemployment rate remained steady at 3.4% in November – but the latest numbers from the Bureau of Statistics (ABS) are notable for another reason… A record number of people are in work – so yay for us. ABS head of labour Bjorn Jarvis reckons “there are now around 221,000 fewer unemployed people and 370,000 fewer underemployed people than in March 2020”, which marks the start of the pandemic. But on the flip side, there’s a sign that Aussies are doing it tough with a record number – about 900,000 – working multiple jobs to keep up with rising costs. Callam Pickering, an economist for jobs site Indeed, says for many people, “it’s a decision made by necessity, rather than a choice”.

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