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Australia Unemployment June 2023

Australia: Unemployment rate stable in June

Seasonally-adjusted employment rose by 32,600 in June, following 76,600 jobs added in May. June’s result was driven by an increase in full-time employment more than offsetting a decrease in part-time employment.

Meanwhile, the seasonally-adjusted unemployment rate was stable at May’s 3.5% in June. Meanwhile, the seasonally-adjusted underemployment was also stable at 6.4% in June, while the participation rate dipped to 66.8% from May’s 66.9%.

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