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But the mystery clears up if you look at the underemployment rate.
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If it can add more full time workers, that underemployment rate will fall.
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It is why the relationship between wages is now closer to the underemployment rate.
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The underemployment rate for recent graduates is also higher than in the previous two decades.
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Let's be clear, the underemployment rate is too high.
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The seasonally adjusted underemployment rate decreased in all states.
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What's more, the underemployment rate rose, meaning even more people would like to work more hours.
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The next graph shows the female underemployment rate is nearly 10 per cent -much higher than for men.
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The underemployment rate is lower than it was during all of 2018 as people get the hours they want.
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Even the underemployment rate improved.
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Australia's unemployment rate is 5 per cent and our underemployment rate is 8.2 per cent.
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The underemployment rate is a record high 27.5% and set to rise further.
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But the unemployment rate still around five per cent, and the significant underemployment rate, robs many workers of wage bargaining power.
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House prices are falling, wages growth is pitiful, and the underemployment rate is about 8 per cent -much too high.
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The last time the underemployment rate was 7.2% was more than six years ago.
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An unemployment rate taking underemployment rate into account would be 7.7% rather than 4.2%.