Slack, but tightening
Yes, gradually, underutilisation in the labour force is declining.
Down from 14.8 per cent in 2014 to 14.1 per cent.
Some states are faring better than others.
Much of the increase since 2012 has related to Western Australia, and to a lesser extent Queensland and South Australia.
But looking at the trend figures, South Australia has seen a turnaround in fortunes lately - partly because of people moving to Melbourne, and partly due to an improving economy.
Western Australia and Queensland also seem to have turned a corner, following a prolonged resources construction downturn.
In New South Wales underutilisation continues to improve to the sort of levels historically associated with decent wages growth.
Meanwhile, stamp and transfer duty take in New South Wales is still going absolutely nuts, helping to fund an infrastructure boom.
Overall, the figures suggest that there is a way to go before the labour force slack is taken up, but some inroads have at least been made.
And perhaps the start of a gentle lift-off too for Adelaide?