In terms of trend the unenmployment rate remained at 3.57%. There is an increase in employment to 13,883,100 from 13,851,400 giving an monthly change of 31,700 people, translated to a 0.2% of increase. (Yearly change: + 3.1%).
According to RBA, the unemployment rate is forecast to stay around 3.5% until mid-2023 and gradually increase and reach 4.5% y mid-2025.
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