XJO - Bear Posts only (Factors which might cause the markets to fall), page-17003

OR another way of explaining it is,
the unemployment % change refers to a base number of 660K . and
the employment % change refers to a base number of some 14,000K.
So there is no direct scalar correlation between the two.

Interesting to note on the ABS site, exactly one third of Australia's workforce are part time. And 6% are under-employed (presumably most of them are from the part time pool). Then add the ~4% unemployed, and you have 10% of the work force not gainfully employed to their full capacity.