We only have to go back to 2009-10 when there was a 15-month streak with just the one blip — during the global financial crisis (GFC). Total jobs generated, then, were 373,900, which cut the jobless rate from 5.7% to 5.1%. Two years earlier, in 2007-08, there was another 15-month streak with one blip — in the month before the federal election. Total jobs generated were 437,746, which cut the jobless rate from 4.6% to 4.3%. So 2017 was no bonanza.
Yes, 477,040 jobs sound impressive. Better than Labor? Certainly. But it must be remembered – and this is another fudge – that jobless numbers had risen between 2014 and 2016 to heights not experienced during the Labor years and, in fact, not seen since 1996.