Employment in Australia standing still

At least things are not getting worse on the employment front. Today’s Australian Bureau of Statistics Labour Force report for May shows the trend rate for employment edging ever so slowly up and that for unemployment on a slight downward slope.
2014-06-12_employunemploy
The relatively stagnant nature of a labour market where full time and part time employment fluctuate considerably from month to month is perhaps best illustrated by the trend of aggregate monthly hours worked. It has ben virtually flat since late 2011.
2014-06-12_aggregatehoursworked

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