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- Australian unemployment rate stable at 5,8%
Australian unemployment rate stable at 5,8%
The unemployment rate in Australia was a seasonally adjusted 5.8 percent in June, the Australian Bureau of Statistics said on Thursday.
That was in line with expectations, and up from 5.7 percent in May.
The Australian economy added 7,900 jobs in June to 11,939,600 - shy of expectations for 10,000 following the increase of 19,200 jobs in the previous month.
Full-time employment increased 38,400 to 8,198,900 and part-time employment decreased 30,600 to 3,740,700.
The participation rate came in at 64.9 percent - beating forecasts for 64.8 percent, which would have been unchanged.
Unemployment increased 9,900 to 734,200. The number of unemployed persons looking for full-time work decreased 9,200 to 496,700 and the number of unemployed persons only looking for part-time work increased 19,000 to 237,500.
Monthly hours worked in all jobs decreased 4.3 million hours to 1,640.0 million hours.
"The figures show that hours worked by employed people declined, but not by as much as in previous months. We are yet to see an increase in hours worked in 2016," said General Manager of the ABS' Macroeconomic Statistics Division, Bruce Hockman.
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