Australia January Labour Force – The Omicron Holidays Did Not Dent Employment

Omicron hit to hours worked but not so significant for employment. Total employment: 12.9k from 64.8k (unrevised from 64.8k) Unemployment rate: 4.2% from 4.2% (unrevised 4.2%) Participation rate: 66.2% from 66.1% (unrevised 66.1%) January was the third consecutive upside surprise for employment. The very solid 366.1k gain in November was followed by a sound 64.8k […]

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