National unemployment rate

Yesterday, Labor leader Anthony Albanese failed to name the jobless rate on day one of the 2022 federal election campaign, spawning a thousand think-pieces ...

"The ABS counts everyone who works for at least one hour in the reference week as employed. How often does the unemployment rate change and when is the next release? The unemployment rate measures what it says it measures – the ABS is extremely transparent about its methodologies. Does that mean the unemployment rate is inaccurate in the 'real world'? In basic terms, the unemployment rate is a single number that indicates the number of Australians who are ready and willing to work but do not have a job. But what actually is the unemployment rate and why does it matter?