Market news
17.08.2017, 06:30

Australian unemployment rate stable at 5.6% in July

  • Employment increased 26,000 to 12,196,900.

  • Unemployment decreased 1,800 to 726,000.

  • Unemployment rate remained steady at 5.6%.

  • Participation rate increased by less than 0.1 pts, but remained at 65.0% in rounded terms.

  • Monthly hours worked in all jobs increased 5.2 million hours (0.3%) to 1,696.4 million hours.

Seasonally adjusted estimates (monthly change)

  • Employment increased 27,900 to 12,201,400. Full-time employment decreased 20,300 to 8,342,300 and part-time employment increased 48,200 to 3,859,100.

  • Unemployment increased 1,100 to 730,600. The number of unemployed persons looking for full-time work decreased 3,800 to 496,400 and the number of unemployed persons only looking for part-time work increased 4,900 to 234,200.

  • Unemployment rate decreased by less than 0.1 pts to 5.6%

  • Participation rate increased by 0.1 pts to 65.1%.

  • Monthly hours worked in all jobs decreased 14.4 million hours (0.8%) to 1,690.4 million hours.

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