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.