Sydney Australia skyline

Australia Unemployment June 2018

Australia: Pace of job creation hits a seven-month high in June

Seasonally-adjusted employment increased by 50,900 in June compared to the prior month, following the revised 13,400 jobs created in May (previously reported: +12,000 jobs) and easily overshooting analysts’ expectations of much softer job growth. June’s reading was mainly driven by more full-time workers, although the number of part-time workers also increased.

The seasonally-adjusted unemployment rate remained unchanged at May’s seven-month low of 5.4% in June. Moreover, the trend participation rate edged up to 65.7%, close to record highs, as more women entered the labor force. Given that the strong demand for labor is being met by a growing supply, still-moderate wage growth is expected in the months ahead.

Australia Unemployment Rate Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest