Australia Jobless Rate Steady at Highest Since August 2018

Australia's seasonally adjusted unemployment rate was unchanged at 5.2 percent in June 2019, remaining at its highest level since August last year and matching market expectations.
ABS | Rida Husna | 7/18/2019 10:15:20 AM
The number of unemployed rose by 6,600 to 711,500 in June. People looking for only part-time work grew 11,900 to 223,900, while those looking for full-time work dropped by 5,300 to 487,600. Female unemployment went up by 11,300, while male unemployment decreased by 4,700.

Employment rose by just 500 people to 12,871,700 in June, far below market consensus of a 10,000 gain and after an upwardly revised 45,300 increase in May. Full-time employed persons advanced 21,100 to 8,815,600, while part-time employed persons fell 20,600 to 4,056,100.

The participation rate was unchanged at a record-high of 66.0 percent in June, in line with forecasts. Meantime, the employment to population ratio edged down 0.1 points to 62.5.

The underemployment rate dropped 0.4 points to 8.2 percent in June while the underutilisation rate fell 0.3 points to 13.4 percent.

Seasonally adjusted monthly hours worked in all jobs decreased by 0.1 million hours to 1,773.9 million hours.

Australia Jobless Rate Steady at Highest Since August 2018