Australia Jobless Rate Holds Steady at 5.2%

Australia's seasonally adjusted unemployment rate stood at 5.2 percent in July 2019, unchanged from the previous month and in line market expectations.
ABS | Rida Husna | 8/15/2019 10:05:31 AM
The number of unemployed rose by 800 to 712,900 in July. People looking for full-time work increased by 26,300 to 516,700, while those looking for only part-time work declined by 25,500 to 196,200. Female unemployment was nearly unchanged at 335,800, while male unemployment grew by 900 to 377,200.

Employment increased by 41,100 people to 12,908,200 in July, easily beating market consensus of a 14,000 gain and reversing a revised 2,300 fall in June. Full-time employed persons advanced by 34,500 to 8,847,100, and part-time employed persons grew by 6,700 to 4,061,100.

The participation rate edged up 0.1 point to a new record high of 66.1 in July, above forecasts of 66.0 percent. Also, the employment to population ratio rose 0.1 point to 62.6.

The underemployment rate went up 0.2 points to 8.4 percent in July while the underutilisation rate rose 0.2 points to 13.6 percent.

Seasonally adjusted monthly hours worked in all jobs increased by 8.8 million hours to 1,780.1 million hours.

Australia Jobless Rate Holds Steady at 5.2%