Australia Unemployment


Australia: Unemployment rate inches up in June

July 10, 2015

In June, the labor market gained 7,300 jobs compared to the previous month, in seasonally-adjusted terms. The increase was less pronounced than last month’s increase of 40,000 jobs (previously reported: 42,000 jobs) and surprised analysts who had predicted an increase of 12,300 jobs. The result was driven by a 24,500 rise in full-time employment and a decrease in the number of part-time positions by 17,200.

The labor market participation rate inched up to 64.8% in June from 64.7% in May. Despite the mild increase in the number of jobs, the unemployment rate rose 0.1 percentage points to 6.0% in June.

FocusEconomics panelists expect the unemployment rate to average 6.4% in 2015, which is unchanged from last month’s forecast. In 2016, the panel expects that the unemployment rate will inch down to 6.3%.

Author:, Economist

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Australia Unemployment Chart

Australia Unemployment June 2015

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

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