This graph from the Australian Bureau of Statistics shows the increase in Australian employment since May 2090. As a consequence, the Australian unemployment rate as measured by the statistics has dropped to 5.2 per cent.
In a post on my personal blog, Economic clouds gather, I wondered about the sustainability of the current Australian recovery.
I am still wondering. However, for the moment things remain positive.
Employment is generally a lagging indicator. The continued increase in employment should feed into further growth through increased demand.
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