Australia Unemployment

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Australia: Unemployment inches down in August

September 11, 2014

In August, the labor market added 121,000 jobs compared to the previous month in seasonally-adjusted terms, which contrasted the revised 4,100 jobs lost in July (previously reported: 300 lost). The rebound was driven by a strong increase in part-time positions (106,700 added), whereas only 14,300 full-time positions were created, which was down from July’s 15,500 gain.

Labor market participation increased to 65.2% in August from 64.9% in July. The unemployment rate edged down from the 12-year high of 6.4% tallied in July to 6.1% in August.

FocusEconomics panelists expect the unemployment rate to average 6.0% in 2014, which is unchanged from last month’s forecast. In 2015, the panel expects the unemployment rate to inch down to 5.9%.


Author: Angela Bouzanis, Senior Economist

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Australia Unemployment Chart


Australia Unemployment August 2014

Note: Seasonally-adjusted unemployment rate in % and new jobs in thousands.
Source: Australian Bureau of Statistics.


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