Australia Jobless Rate Unchanged at 6-Month Low

Australia's seasonally adjusted unemployment rate stood at 5.4 percent in June of 2018, the same as in the prior month and in line with market consensus. The jobless rate remained at the lowest level since last November.

In June, the number of unemployed fell by 1,100 to 714,100, as those looking for only part-time work decreased by 6,100 to 212,200, while those looking for full-time work increased by 5,100 to 501,900.

Employment rose by 50,900 to 12,573,600, far above estimates of an increase of 17,000 and marking the largest monthly gain since November 2017. Full-time employment went up by 41,200 to 8,565,200, while part-time employment advanced by 9,700 to 4,008,400. 

The labor force participation rate increased to 65.7 percent in June from 65.5 percent a month earlier and beat forecasts of 65.5 percent. It was the highest reading since February and only a tick below an all time high of 65.8 percent recorded in November 2010. Meantime, the employment to population ratio went up by 0.1 percentage points to 62.1 percent in June.

Seasonally adjusted monthly hours worked in all jobs increased by 10.7 million hours, or 0.6 percent, to 1,750.7 million hours.

Australia Jobless Rate Unchanged at 6-Month Low

ABS | Rida |
7/19/2018 9:43:39 AM