The Hidden Cracks: Australian Jobless Rate Holds Steady at 4.3%, But Soaring Underemployment Hints at RBA Headaches

Australia's November 2025 Labour Force Survey presents a complex picture, with the headline unemployment rate holding steady at 4.3% in seasonally adjusted terms. However, a sharp decline in full-time employment (down 56,500) and a corresponding jump in the underemployment rate (up to 6.2%) suggest underlying slack is growing in the labor market