Australia Unemployment June 2016

Australia

Australia: Unemployment rate inches up in June

July 13, 2016

The labor market gained 7,900 jobs in June compared to the previous month, in seasonally-adjusted terms. The increase was an improvement compared to May’s revised 19,200 jobs gained (previously reported: +17,900 jobs month-on-month). The number of new positions was in line with market expectations. June’s result reflected an increase in the number of full-time jobs, which grew by 38,400 new jobs (May: +2,500 jobs). The number of part-time positions however, fell by 30,600 jobs (May: +16,600 jobs).

The labor market participation rate inched up in June to 64.9% from Mays 64.8%. The unemployment rate climbed to 5.8% in June, up from 5.7% in May.

FocusEconomics panelists expect the unemployment rate to average 5.6% in 2016, down 0.1 percentage points from last month’s forecast. In 2017, the panel expects the unemployment rate also to be 5.6%.


Author:, Economist

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Australia Unemployment Chart


Australia Unemployment June 2016 2

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


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