About a year ago, reality TV star and beauty mogul Kim Kardashian went extremely viral for complaining that it “seems like nobody wants to work these days”. Not all of these people found work— which is why the unemployment rate crept up slightly—but it is certainly not true that nobody wants to work anymore. Henry Russell, an economist at ANZ, said the record participation rate was likely linked to high consumer prices. The unemployment rate did increase slightly in June, but it was not due to job losses. Olsen said this demonstrated how the unemployment rate could rise, as the Reserve Bank would like, without there being widespread job losses.
