Unemployment Rate

Australia added 56,000 full-time positions in December while unemployment stayed flat at 4.3 percent, suggesting the labour market has found its floor. The Reserve Bank of Australia now has cover to hold rates steady through the first half of 2025. Participation rates hit record highs as more Australians enter the workforce, keeping wage pressure contained despite job creation. The data reinforces Australia's position as one of the few developed economies achieving full employment without triggering runaway inflation.